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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities    
Net income $ 57,522 $ 51,853
Adjustments to reconcile net income to net cash provided by operating activities    
Recapture for credit losses (7,800) (800)
Stock-based compensation expense 3,795 3,028
Depreciation, amortization and accretion 9,435 1,433
Net realized (gain) loss on sale of premises and equipment and loans held for investment 1,253 (6)
Net realized gain on sale and valuation adjustments of OREO 0 100
Gain on bank owned life insurance death benefit 0 209
Originations of loans held for sale 51,395 107,104
Proceeds from sales of loans held for sale 56,700 107,320
Change in fair value of loans held for sale 198 89
Net change in:    
Interest receivable 79 2,164
Interest payable (2) 494
Other assets (7,060) 11,525
Other liabilities 2,157 (10,627)
Net cash provided by operating activities 62,376 59,072
Cash Flows From Investing Activities    
Loans originated, net of principal collected (139,777) (164,856)
Investment in low income housing tax credit partnerships (42) 0
Purchases of Debt Securities, Available-for-sale 183,802 608,854
Purchases of debt securities held to maturity (97,658) 0
Purchases of loans held for investment 0 74,383
Purchases of premises and equipment (1,817) (805)
Proceeds from principal repayments and maturities of debt securities available for sale 221,718 180,380
Proceeds from repayments and maturities of securities held to maturity 38,873 0
Proceeds from sales of premises and equipment 27,272 0
Proceeds from sales of other real estate and other personal property owned 0 132
Proceeds from bank owned life insurance death benefit 0 671
Net cash used in investing activities (135,233) (667,715)
Cash Flows From Financing Activities    
Net increase in deposits 289,282 897,604
Net decrease in sweep repurchase agreements (41,801) (35,235)
Proceeds from FHLB advances 10 0
Proceeds from FRB borrowings 10 0
Proceeds from employee stock purchase plan 1,017 1,098
Repayment of FHLB advances (10) 0
Repayment of FRB borrowings (10) 0
Payments of Common Stock Dividends 23,955 20,110
Payments for purchase and retirement of common stock 3,924 3,995
Net cash provided by financing activities 220,619 839,362
Increase (decrease) in cash and cash equivalents 147,762 230,719
Cash and cash equivalents at beginning of period 824,714 653,766
Cash and cash equivalents at end of period 972,476 884,485
Supplemental Information:    
Cash paid for interest 2,087 1,553
Income Taxes Paid, Net 11 (1)
Non-cash investing and financing activities    
Premises and equipment expenditures incurred but not yet paid 216 43
Change in dividends payable included in other liabilities $ (520) $ (49)