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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net earnings (loss) $ 30,852 $ (1,195,424)
Adjustments to reconcile net earnings (loss) to net cash used in operating activities:    
Goodwill impairment 0 1,376,736
Depreciation and amortization 13,875 13,939
Amortization of net premiums on investment securities 6,138 9,526
Increase (Decrease) in Loans, Deferred Income (24,087) (16,013)
Amortization of intangible assets 8,404 2,411
Amortization of operating lease ROU assets 8,204 6,655
Provision for credit losses 10,000 3,000
Gain on sale of foreclosed assets (321) (196)
Provision for losses on foreclosed assets 297 527
Loss (gain) on sale of loans and leases 448 (2,962)
Gain on sale of premises and equipment (1) (7)
Gain on BOLI death benefit 0 (350)
Unrealized loss (gain) on derivatives, foreign currencies, and credit-linked notes, net 513 (1,781)
LOCOM HFS adjustment (330) 0
Earned stock compensation 4,656 4,983
Decrease (increase) in other assets 31,579 (129,223)
Decrease in accrued interest payable and other liabilities (178,623) (108,825)
Net cash used in operating activities (88,396) (37,004)
Cash flows from investing activities:    
Net increase in loans and leases (202,957) (77,243)
Proceeds from sales of loans and leases 273,241 290,228
Proceeds from maturities and paydowns of securities available-for-sale 44,517 56,956
Purchases of securities available-for-sale (5,558) (550)
Proceeds from maturities and paydowns of securities held-to-maturity 294 288
Purchases of FHLB and FRB stock (2,968) (194,041)
Redemptions of FHLB and FRB stock 0 81,181
Proceeds from sales of foreclosed assets 5,893 5,124
Purchases of premises and equipment, net (1,942) (9,236)
Proceeds from sales of premises and equipment 2 13
Proceeds from BOLI death benefit 0 1,844
Net increase in equipment leased to others under operating leases (3,120) (5,097)
Net cash provided by investing activities 107,402 149,467
Cash flows from financing activities:    
Net increase (decrease) in noninterest-bearing deposits 59,354 (4,181,598)
Net decrease in interest-bearing deposits (1,568,716) (1,567,175)
Repayments of borrowings (1,074,191) (251,657)
Proceeds from borrowings 300,000 10,371,337
Shares purchased under the Dividend Reinvestment Plan 70 0
Restricted stock surrendered (1,238) (4,053)
Preferred stock dividends paid (9,947) (9,947)
Common stock dividends paid (16,686) (29,456)
Net cash (used in) provided by financing activities (2,311,354) 4,327,451
Net (decrease) increase in cash, cash equivalents, and restricted cash (2,292,348) 4,439,914
Cash, cash equivalents, and restricted cash, beginning of period 5,377,576 2,240,222
Cash, cash equivalents, and restricted cash, end of period 3,085,228 6,680,136
Supplemental disclosures of cash flow information:    
Cash paid for interest 360,934 209,340
Cash (received) paid for income taxes (7,193) 786
Loans transferred to foreclosed assets 10,964 2,568
Transfers from loans held for investment to loans held for sale 7,466 2,796,365
Transfers to loans held for investment from loans held for sale $ 1,179 $ 0