XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 157,295 $ 131,708
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,291 13,206
Amortization of intangible assets 4,510 5,829
Provision for credit losses - (benefit) (3,799) (41,407)
Deferred income tax expense 41,483 55,549
Stock-based compensation 2,580 2,754
Unrealized gain on derivative instruments (864) (2,340)
Net (gain) loss on disposals or sales of premises and equipment and other assets (900) 87
Net gain on sales of loans (3,965) (8,405)
Net amortization/accretion of premiums, discounts, and deferred loan fees and costs (5,486) (11,234)
Originations and purchases of loans held for sale (143,692) (274,197)
Sales and repayments of loans held for sale 157,098 305,331
Amortization of broker placement fees 64 128
Net amortization of premiums and discounts on investment securities 1,389 16,679
(Increase) decrease in accrued interest receivable (3,555) 6,197
Decrease in accrued interest payable (1,252) (1,166)
(Increase) decrease in other assets (4,235) 23,356
Increase in other liabilities 11,646 2,451
Net cash provided by operating activities 219,608 224,526
Cash flows from investing activities:    
Net (disbursements) repayments on loans held for investment (186,902) 344,493
Proceeds from sales of loans held for investment 37,565 23,575
Proceeds from sales of repossessed assets 19,941 25,053
Purchases of available-for-sale debt securities (512,327) (2,676,058)
Proceeds from principal repayments and maturities of available-for-sale debt securities 354,853 859,179
Purchases of held-to-maturity debt securities (260,082) 0
Proceeds from principal repayments and maturities of held-to-maturity debt securities 934 143
Additions to premises and equipment (11,841) (8,123)
Proceeds from sales of premises and equipment and other assets 1,138 249
Net purchases of other investment securities (971) (138)
Payment related to previous acquisition 0 (3,382)
Net cash used in investing activities (557,692) (1,435,009)
Cash flows from financing activities:    
Net (decrease) increase in deposits (645,417) 2,758,873
Repayments of long-term borrowings (100,000) (120,000)
Repurchase of outstanding common stock (152,713) (101,804)
Dividends paid on common stock (43,321) (30,312)
Dividends paid on preferred stock 0 (1,338)
Net cash (used in) provided by financing activities (941,451) 2,505,419
Net (decrease) increase in cash and cash equivalents (1,279,535) 1,294,936
Cash and cash equivalents at beginning of period 2,543,058 1,493,833
Cash and cash equivalents at end of period 1,263,523 2,788,769
Cash and cash equivalents include:    
Cash and due from banks 1,261,590 2,786,066
Money market instruments 1,933 2,703
Cash and Cash Equivalents, at Carrying Value, Total $ 1,263,523 $ 2,788,769