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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net income $ 67,795 $ 80,802
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 7,031 48
Net amortization of debt securities 10,573 8,562
Net amortization of purchase accounting adjustments and deferred loan fees and costs 7,937 12,892
Origination of loans held for sale (305,269) (439,887)
Proceeds from loans held for sale 326,767 509,668
Gain on sale of loans (9,015) (21,624)
Gain on sale of debt securities (446) (284)
Bank-owned life insurance income, net (893) (641)
Stock-based compensation, net of tax benefits 1,774 1,491
Depreciation and amortization of premises and equipment 5,940 5,251
Amortization of core deposit intangibles 2,664 2,488
Amortization of investments in variable interest entities 4,689 3,158
Net increase in accrued interest receivable (4,794) (3,834)
Net (increase) decrease in other assets (23,707) 14,036
Net decrease in accrued interest payable (125) (715)
Net decrease in other liabilities (12,563) (23,666)
Net cash provided by operating activities 78,358 147,745
Investing Activities    
Maturities, prepayments and calls of available-for-sale debt securities 394,802 290,743
Purchases of available-for-sale debt securities (348,330) (1,302,635)
Maturities, prepayments and calls of held-to-maturity debt securities 32,048 4,130
Purchases of held-to-maturity debt securities (201,742) 0
Principal collected on loans 1,557,786 1,519,493
Loan originations (1,868,784) (1,683,608)
Net additions to premises and equipment (3,864) (1,573)
Proceeds from sale of other real estate owned 20 176
Proceeds from redemption of non-marketable equity securities 16,036 0
Purchases of non-marketable equity securities (19,200) 0
Proceeds from bank-owned life insurance 1,303 1,575
Investments in variable interest entities (16,358) (7,021)
Net cash used in investing activities (456,283) (1,178,720)
Financing Activities    
Net increase in deposits 360,893 1,306,824
Net decrease in securities sold under agreements to repurchase (62,315) (7,705)
Net increase in short-term Federal Home Loan Bank advances 80,000 0
Net increase in other borrowed funds 11,132 (7,116)
Cash dividends paid (11,295) (14,530)
Tax withholding payments for stock-based compensation (1,371) (1,351)
Proceeds from stock option exercises 0 161
Net cash provided by financing activities 377,044 1,276,283
Net (decrease) increase in cash, cash equivalents and restricted cash (881) 245,308
Cash, cash equivalents and restricted cash at beginning of period 437,686 633,142
Cash, cash equivalents and restricted cash at end of period 436,805 878,450
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 5,087 5,455
Cash paid during the period for income taxes 1,229 2
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Transfer of debt securities from available-for-sale to held-to-maturity 2,154,475 403,767
Transfer of loans to other real estate owned 45 1,397
Right-of-use assets obtained in exchange for operating lease liabilities 2,291 345
Dividends declared during the period but not paid $ 36,643 $ 29,674