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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 245,909 $ (60,825)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 31,387 18,252
(Recovery) provision for credit losses (117,213) 188,007
Deferred income taxes 81,973 (21,442)
Gains on sale of securities, net (36)  
Share-based compensation expense 12,799 13,734
Accretion of discount related to acquired loans (16,708) (21,039)
Extinguishment of debt cost 11,706  
(Gains) losses on disposal of premises and equipment 754 (239)
(Gains) losses on sale of bank properties held for sale and repossessed real estate (1,311) 79
Net amortization of premiums on investment securities 19,668 5,523
Bank properties held for sale and repossessed real estate write downs 645 350
Fair value adjustment for loans held for sale 7,667 (11,621)
Originations and purchases of loans held for sale (1,637,905) (796,272)
Proceeds from sales of loans held for sale 1,795,391 737,760
Gains on sales of loans held for sale (46,134) (20,202)
Increase in cash surrender value of BOLI (8,176) (2,753)
Net change in:    
Accrued interest receivable 8,014 (18,700)
Prepaid assets 3,517 (3,577)
Operating leases 1,779 2,858
Bank owned life insurance (192) 13,567
Trading securities (47,390) (493)
Derivative assets 287,754 (65,552)
Miscellaneous other assets (150,620) 26,318
Accrued interest payable (2,329) (1,554)
Accrued income taxes (123,674) (5,121)
Derivative liabilities (286,881) 98,885
Miscellaneous other liabilities 178,239 (6,075)
Net cash provided by operating activities 248,633 69,868
Cash flows from investing activities:    
Proceeds from sales of investment securities available for sale 15,405  
Proceeds from maturities and calls of investment securities held to maturity 40,325  
Proceeds from maturities and calls of investment securities available for sale 418,233 252,809
Proceeds from sales and redemptions of other investment securities 1,533 42,034
Purchases of investment securities available for sale (1,519,851) (295,652)
Purchases of investment securities held to maturity (276,725)  
Purchases of other investment securities (1,698) (28,744)
Net decrease (increase) in loans 637,095 (1,045,044)
Net cash received (paid in) acquisitions (39,929)  
Net cash received (paid in) acquisitions   2,566,376
Recoveries of loans previously charged off 6,944 4,933
Purchase of bank owned life insurance (206,000)  
Purchases of premises and equipment (17,857) (9,082)
Proceeds from redemption and payout of bank owned life insurance policies 284  
Proceeds from sale of bank properties held for sale and repossessed real estate 26,244 2,862
Proceeds from sale of premises and equipment 3,759 9
Net cash provided by (used in) investing activities (912,238) 1,490,501
Cash flows from financing activities:    
Net increase in deposits 2,552,489 2,157,236
Net increase in federal funds purchased and securities sold under agreements to repurchase and other short-term borrowings 82,763 20,191
Proceeds from borrowings 25,000 500,000
Repayment of borrowings (75,878) (500,004)
Common stock issuance 484 385
Common stock repurchases (61,127) (32,160)
Dividends paid (66,776) (31,573)
Stock options exercised 1,907 560
Net cash provided by financing activities 2,458,862 2,114,635
Net increase in cash and cash equivalents 1,795,257 3,675,004
Cash and cash equivalents at beginning of period 4,609,255 688,704
Cash and cash equivalents at end of period 6,404,512 4,363,708
Cash paid for:    
Interest 33,218 39,347
Income taxes 113,253 2,878
Recognition of operating lease assets in exchange for lease liabilities 1,298 5,121
Acquisitions:    
Fair value of tangible assets acquired 34,838 18,910,560
Other intangible assets acquired   130,862
Liabilities assumed 2,343 17,380,016
Net identifiable assets acquired over liabilities assumed 15,816 600,483
Common stock issued in acquisition   2,246,327
Real estate acquired in full or in partial settlement of loans $ 1,631 $ 4,054