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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 182,820 $ 161,452
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion and amortization on securities, net (297) (124)
Net accretion of discounts on loans and leases (5,143) (4,717)
Amortization of borrowing costs 447 1,431
Amortization of operating lease right of use asset 8,147 7,965
Stock-based compensation expense 15,883 15,796
Trading activity 1,617 42
Provision for credit losses 12,500 22,500
Deferred income taxes (4,184) (10,388)
Origination of loans held for sale (569,614) (1,349,683)
Unrealized loss on loans held for sale 965 781
Gain on sales of loans held for sale (15,700) (39,959)
Proceeds from sale of loans held for sale 592,803 1,378,323
Amortization and change in fair value of mortgage servicing rights (1,229) 5,266
(Gain) on sale of other real estate and foreclosed assets (385) (113)
Depreciation and amortization 18,574 17,913
Net changes in assets and liabilities which provide (use) cash:    
Securities borrowed 344,444 (321,170)
Customer, broker-dealer and clearing receivables (137,069) (130,797)
Other assets (121,125) 40,162
Securities loaned (281,240) 393,892
Customer, broker-dealer and clearing payables 8,480 136,063
Accounts payable and other liabilities 14,516 (11,908)
Net cash provided by operating activities 65,210 312,727
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment securities (107,286) (66,617)
Proceeds from sales of securities 75,023 0
Proceeds from repayment of securities 59,549 57,518
Purchase of stock of regulatory agencies (22,739) (17)
Proceeds from redemption of stock of regulatory agencies 22,739 0
Origination of loans held for investment (7,173,040) (3,936,776)
Proceeds from sale of loans held for investment 106,324 18,011
Mortgage warehouse loans activity, net 191,291 (493,764)
Proceeds from sales of other real estate owned and repossessed assets 7,968 839
Acquisition of business activity, net of cash paid (54,597) 0
Purchases of loans and leases, net of discounts and premiums (31,496) (2,184)
Principal repayments on loans 5,218,247 3,305,931
Purchases of furniture, equipment, software and intangibles (11,817) (8,986)
Net cash used in investing activities (1,719,834) (1,126,045)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 1,917,205 275,807
Payments of the Federal Home Loan Bank term advances (15,000) (65,000)
Net repayment of Federal Home Loan Bank other advances (186,000) (5,000)
Net proceeds of other borrowings 11,800 7,281
Redemption of subordinated notes 0 (51,000)
Tax payments related to settlement of restricted stock units (9,921) (6,576)
Redemption of preferred stock, Series A 0 (5,150)
Repurchase of treasury stock 0 (16,757)
Cash dividends paid on preferred stock 0 (103)
Payment of debt issuance costs (1,923) (2,748)
Proceeds from issuance of subordinated notes 150,000 175,000
Net cash provided by financing activities 1,866,161 305,754
NET CHANGE IN CASH AND CASH EQUIVALENTS 211,537 (507,564)
CASH AND CASH EQUIVALENTS—Beginning of year 1,037,777 1,950,519
CASH AND CASH EQUIVALENTS—End of period 1,249,314 1,442,955
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid on deposits and borrowed funds 31,974 59,154
Income taxes paid 80,512 72,236
Transfers to other real estate and repossessed vehicles 1,186 1,223
Transfers from loans held for investment to loans held for sale 105,884 8,680
Transfers from loans held for sale to loans held for investment 1,410 28,125
Operating lease liabilities for obtaining right of use assets 12,009 0
Impact of adoption of ASU No. 2016-13 on retained earnings $ 0 $ 37,088
Accounting Standards Update [Extensible List]   Accounting Standards Update 2016-13 [Member]