XML 15 R8.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 130,225 $ 110,426
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and core deposit intangibles amortization 8,415 7,923
Provision for credit losses 0 0
Net amortization of premium on investments 5,027 5,822
Net gain on sale of investment securities   (298)
Net gain on sale of other real estate and repossessed assets (30) (137)
Net loss on sale or write down of premises and equipment 235 35
Net accretion of discount on loans (3,292) (1,860)
Net amortization of premium on deposits (9) (97)
Net gain on sale of loans (1,009) (612)
Proceeds from sale of loans held for sale 35,411 24,475
Originations of loans held for sale (33,476) (24,509)
Stock based compensation expense 3,053 3,379
Decrease in accrued interest receivable and other assets 56,200 2,811
(Decrease) increase in accrued interest payable and other liabilities (22,577) 60,042
Net cash provided by operating activities 178,173 187,400
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities and principal paydowns of held to maturity securities 367,627 391,803
Purchase of held to maturity securities (72,749) (18,947)
Proceeds from maturities, sales and principal paydowns of available for sale securities 3,502,073 5,631,402
Purchase of available for sale securities (3,499,606) (5,508,208)
Originations of Warehouse Purchase Program loans (3,206,867) (3,021,378)
Proceeds from pay-offs of Warehouse Purchase Program loans 3,229,877 2,978,699
Net decrease (increase) in loans held for investment 143,165 (42,737)
Purchase of bank premises and equipment (7,074) (7,184)
Proceeds from sale of bank premises, equipment and other real estate 2,816 838
Proceeds from insurance claims 564 1,049
Net cash provided by investing activities 459,826 405,337
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in noninterest-bearing deposits (122,523) (250,037)
Net (decrease) increase in interest-bearing deposits (232,007) 245,843
Net (repayments) proceeds from other short-term borrowings (500,000) 175,000
Net decrease in securities sold under repurchase agreements (5,827) (47,606)
Repurchase of common stock   (35,282)
Payments of cash dividends (55,251) (52,374)
Net cash (used in) provided by financing activities (915,608) 35,544
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (277,609) 628,281
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,972,467 458,413
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,694,858 1,086,694
NONCASH ACTIVITIES:    
Acquisition of real estate through foreclosure of collateral 5,062 969
SUPPLEMENTAL INFORMATION:    
Income taxes paid 78,386 487
Interest paid $ 135,203 $ 102,618