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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 207,386 $ 52,135
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,936 13,752
Amortization of intangible assets 8,652 2,912
Provision for credit losses-(benefit) expense (53,489) 163,294
Deferred income tax expense (benefit) 85,969 (22,464)
Stock-based compensation 4,100 3,854
Gain on early extinguishment of debt 0 (94)
Gain on sales of investment securities 0 (13,380)
Unrealized gain on derivative instruments (3,516) (4,693)
Net gain on disposals or sales of premises and equipment and other assets (23) (212)
Net gain on sales of loans (11,743) (7,568)
Net amortization/accretion of premiums, discounts and deferred loan fees and costs (19,538) (3,281)
Originations and purchases of loans held for sale (386,102) (318,579)
Sales and repayments of loans held for sale 413,521 323,275
Amortization of broker placement fees 177 437
Net amortization/accretion of premiums and discounts on investment securities 21,798 10,739
Decrease (increase) in accrued interest receivable 10,849 (1,316)
Decrease in accrued interest payable (2,217) (2,006)
Decrease (increase) in other assets 21,563 (31,074)
(Decrease) increase in other liabilities (12,768) 4,903
Net cash provided by operating activities 303,555 170,634
Cash flows from investing activities:    
Net repayments (disbursements) on loans held for investment 552,426 (382,857)
Proceeds from sales of loans held for investment 63,509 3,610
Proceeds from sales of repossessed assets 42,711 28,247
Purchases of available-for-sale securities (3,290,077) (1,988,902)
Proceeds from sales of available-for-sale securities 0 1,080,766
Proceeds from principal repayments and maturities of available-for-sale securities 1,149,394 766,603
Proceeds from principal repayments and maturities of held-to-maturity securities 12,678 6,429
Additions to premises and equipment (10,783) (11,317)
Proceeds from sales of premises and equipment and other assets 807 493
Net redemptions of other investment securities 122 2,182
Net (payments) cash acquired related to acquisition (3,382) 406,626
Net cash used in investing activities (1,482,595) (88,120)
Cash flows from financing activities:    
Net increase in deposits 2,662,219 1,657,962
Net decrease in short-term borrowings 0 (35,000)
Repayments of long-term borrowings (120,000) (45,294)
Proceeds from long-term reverse repuchase agreements 0 200,000
Repurchase of outstanding common stock (152,100) (206)
Dividends paid on common stock (44,732) (32,561)
Dividends paid on preferred stock (2,007) (2,007)
Net cash provided by financing activities 2,343,380 1,742,894
Net increase in cash and cash equivalents 1,164,340 1,825,408
Cash and cash equivalents at beginning of period 1,493,833 644,099
Cash and cash equivalents at end of period 2,658,173 2,469,507
Cash and cash equivalents include:    
Cash and due from banks 2,655,491 2,360,524
Money market instruments 2,682 108,983
Cash and Cash Equivalents, at Carrying Value, Total $ 2,658,173 $ 2,469,507