XML 20 R7.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net income $ 194,281 $ 170,375
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization/accretion of premium/discount on securities 9,029 9,956
Depreciation, amortization and accretion 2,276 (13,095)
Provision for loan losses 14,379 16,333
Gain on mortgage loans sold, net (10,889) (7,521)
Investment losses (gains) on sales, net (6,426) 30
Stock-based compensation expense 10,073 8,751
Deferred tax expense 6,907 12,460
Losses (gains) on dispositions of other real estate and other investments 2,438 (15)
Income from equity method investment (45,551) (19,050)
Dividends received from equity method investment 40,914 23,433
Excess tax benefit from stock compensation (701) (2,754)
Gain on commercial loans sold, net (1,809) (1,538)
Commercial loans held for sale:    
Loans originated (209,747) (161,395)
Loans sold 206,214 167,113
Consumer loans held for sale:    
Loans originated (617,164) (648,596)
Loans sold 592,244 651,254
Increase in other assets (50,505) (1,002)
Increase in other liabilities 35,230 5,860
Net cash provided by operating activities 184,045 210,539
Activities in securities available-for-sale:    
Purchases (670,956) (668,671)
Sales 476,702 14,454
Maturities, prepayments and calls 149,344 149,868
Activities in securities held-to-maturity:    
Purchases 3,822 0
Maturities, prepayments and calls 6,745 5,280
Increase in loans, net (1,110,214) (1,391,216)
Purchases of software, premises and equipment (28,686) (14,484)
Proceeds from sales of software, premises and equipment 52 166
Proceeds from sale of other real estate 3,117 9,566
Purchase of bank owned life insurance policies (110,000) (50,000)
Proceeds from bank owned life insurance settlements 217 0
Payments related to derivative instruments (37,982) 0
Increase in other investments (31,352) (34,027)
Net cash used in investing activities (1,356,835) (1,979,064)
Financing activities:    
Net increase in deposits 600,598 1,407,105
Net increase (decrease) in securities sold under agreements to repurchase 49,428 (6,523)
Advances from Federal Home Loan Bank:    
Issuances 2,222,500 1,312,000
Payments/maturities (1,706,028) (1,050,028)
Decrease in other borrowings, net (21,152) (220)
Principal payments of finance lease obligation (111) (78)
Exercise of common stock options, net of repurchase of restricted shares (4,149) (4,479)
Payments for Repurchase of Common Stock (37,424) 0
Common stock dividends paid (24,977) (21,925)
Net cash provided by financing activities 1,078,685 1,635,852
Net decrease in cash, cash equivalents, and restricted cash (94,105) (132,673)
Cash, cash equivalents, and restricted cash, beginning of period 721,692 779,596
Cash, cash equivalents, and restricted cash, end of period $ 627,587 $ 646,923