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Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 90,712 $ 43,338
Adjustments to reconcile to net cash provided by operating activities:    
(Benefit from) provision for credit losses (9,949) 38,916
Depreciation and amortization 9,612 8,967
Net amortization of securities premiums and discounts 1,670 (340)
Realized securities (gains)/losses (267) 545
Gain on sales of loans (4,143) (2,342)
Cash receipts from the sale of loans originated for sale 221,051 171,433
Cash disbursements for loans originated for sale (200,820) (179,996)
Deferred income tax benefit (1,495) (3,987)
Gain on sale of other assets (2,606) (2,289)
Increase/(decrease) in interest receivable 2,048 (3,438)
Decrease in interest payable (330) (943)
Amortization of stock-based compensation arrangements 1,049 832
Excess tax benefit from stock-based compensation arrangements (1,693) (143)
Other, net 29,328 12,094
Net cash provided by operating activities 134,167 82,647
INVESTING ACTIVITIES    
Net cash received from acquisitions, net of cash paid 12,412 18,397
Net cash paid from sale of assets and liabilities, net of cash received (13,733)  
Net decrease in federal funds sold 15,000 1,000
Purchases of held for investment debt securities (845) (1,395)
Purchases of available for sale debt securities (251,673) (255,178)
Proceeds from maturities, calls and paydowns of held for investment debt securities 820 470
Proceeds from maturities, calls and paydowns of available for sale debt securities 273,872 148,365
Purchase of equity securities (470) (234)
Proceeds from paydowns and sales of equity securities 392 437
Net change in loans 388,357 (993,997)
Purchases of premises, equipment and computer software (15,200) (30,292)
Purchase of tax credits (2,048) (357)
Other, net 3,567 5,641
Net cash provided by (used in) investing activities 410,451 (1,107,143)
FINANCING ACTIVITIES    
Net change in deposits 1,444,742 958,030
Net change in short-term borrowings 2,000 7,000
Proceeds from long-term borrowings   3,000
Proceeds from issuance of subordinated notes, net of debt issuance costs 59,150  
Issuance of common stock in connection with stock options, net 1,722 535
Common stock acquired   (3,098)
Net cash settlement of options (5,479)  
Cash dividends paid (22,267) (20,909)
Net cash provided by financing activities 1,479,868 944,558
Net increase/(decrease) in cash, due from banks and interest-bearing deposits 2,024,486 (79,938)
Cash, due from banks and interest-bearing deposits at the beginning of the period 1,616,912 1,868,281
Cash, due from banks and interest-bearing deposits at the end of the period 3,641,398 1,788,343
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 5,736 15,053
Cash paid during the period for income taxes 15,400 5,075
Noncash investing and financing activities:    
Cash consideration for acquisitions 21,000 2,861
Fair value of assets acquired in acquisitions 284,224 47,838
Liabilities assumed in acquisitions 256,412 45,040
Unpaid common stock dividends declared $ 11,143 $ 10,447