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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net income $ 304,802 $ 264,122
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization/accretion of premium/discount on securities 14,365 14,366
Depreciation, amortization and accretion expense (income) 4,365 (20,959)
Provision for loan losses 22,639 25,058
Gain on mortgage loans sold, net (18,291) (11,423)
Investment losses (gains) on sales, net (6,009) 41
Stock-based compensation expense 15,091 13,254
Deferred tax expense 5,355 17,339
Losses (gains) on dispositions of other real estate and other investments 2,612 (259)
Income from equity method investment (77,799) (33,286)
Dividends received from equity method investment 49,940 33,651
Excess tax benefit from stock compensation (832) (2,953)
Gain on commercial loans sold, net (2,841) (1,985)
Commercial loans held for sale:    
Loans originated (315,454) (226,551)
Loans sold 312,936 242,590
Consumer loans held for sale:    
Loans originated (1,001,377) (941,991)
Loans sold 980,822 964,747
Increase in other assets (79,462) (31,805)
Increase in other liabilities 91,624 14,626
Net cash provided by operating activities 314,504 318,500
Activities in securities available-for-sale:    
Purchases (1,039,225) (1,023,876)
Sales 626,097 22,702
Maturities, prepayments and calls 253,350 243,678
Activities in securities held-to-maturity:    
Purchases (3,822) 0
Maturities, prepayments and calls 7,800 5,280
Increase in loans, net (1,488,436) (1,757,157)
Purchases of software, premises and equipment (34,190) (18,478)
Proceeds from sales of software, premises and equipment 66 458
Proceeds from sale of other real estate 4,947 13,204
Payments to Acquire Businesses, Net of Cash Acquired (44,594)  
Cash Acquired from Acquisition   0
Purchase of bank owned life insurance policies (110,000) (100,000)
Proceeds from bank owned life insurance settlements 308 0
Payments related to derivative instruments (37,982) 0
Increase in other investments (43,260) (47,687)
Net cash used in investing activities (1,908,941) (2,661,876)
Financing activities:    
Net increase in deposits 1,152,021 1,957,566
Net decrease in securities sold under agreements to repurchase (9,339) (5,045)
Advances from Federal Home Loan Bank:    
Issuances 2,572,500 1,439,906
Payments/maturities (1,963,541) (1,239,198)
Increase in other borrowings, net of issuance costs 316,200 0
Repayments of Notes Payable (184,175) (240)
Principal payments of finance lease obligation (168) (118)
Exercise of common stock options, net of repurchase of restricted shares (4,546) (5,108)
Payments for Repurchase of Common Stock (48,489) 0
Common stock dividends paid (37,415) (32,903)
Net cash provided by financing activities 1,793,048 2,114,860
Net increase (decrease) in cash, cash equivalents, and restricted cash 198,611 (228,516)
Cash, cash equivalents, and restricted cash, beginning of period 721,692 779,596
Cash, cash equivalents, and restricted cash, end of period $ 920,303 $ 551,080