XML 37 R7.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 210,256 $ 203,850 $ 173,532
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion expense 31,058 46,735 41,680
Cash received from (paid to) FDIC under loss share 0 1,595 584
Stock compensation expense 5,265 4,771 5,909
Provision (release) for loan losses (1,650) (5,450) (2,100)
Loss (gain) on sale of investment securities 9 0 (3,499)
Decrease (increase) in accrued interest receivable (1,562) (5,652) (3,974)
Decrease (increase) in federal and state income tax assets 1,804 (1,804) 16,047
Decrease (increase) in cash surrender value of bank owned life insurance (5,822) (5,992) (6,498)
Gain on bank owned life insurance 0 (2,416) (6,805)
Net realized (gain) loss on sales of premises and equipment and real estate owned (12,484) (1,450) (1,673)
Decrease (increase) in other assets (17,416) (6,876) 7,974
Increase (decrease) in income tax liabilities 3,043 0 0
Increase (decrease) in accrued expenses and other liabilities 21,553 (36,609) (41,477)
Net cash provided (used) by operating activities 234,054 190,702 179,700
CASH FLOWS FROM INVESTING ACTIVITIES      
Origination of loans and principal repayments, net (452,334) (459,183) (896,450)
Loans purchased 0 (143,605) (72,856)
FHLB & FRB stock purchase (532,600) (530,000) (183,609)
FHLB & FRB stock redeemed 535,800 525,800 177,824
Available-for-sale securities purchased (358,709) (272,780) (76,367)
Principal payments and maturities of available-for-sale securities 224,118 199,008 367,713
Proceeds from sales of available-for-sale investment securities 491 0 362,829
Held-to-maturity securities purchased 0 (170,836) (466,058)
Principal payments and maturities of held-to-maturity securities 178,147 187,812 229,716
Proceeds from sales of real estate owned 8,659 15,192 16,248
Proceeds from settlements of bank owned life insurance 0 3,484 10,096
Purchase of strategic investments (5,000) 0 0
Net cash received (paid) in business combinations 0 (2,211) (3,370)
Proceeds from sales of premises and equipment 15,585 1 5,209
Premises and equipment purchased and REO improvements (35,530) (27,127) (15,461)
Net cash provided (used) by investing activities (421,373) (674,445) (544,536)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in customer accounts 603,846 552,445 234,460
Proceeds from borrowings 13,315,000 13,250,000 4,590,000
Repayments of borrowings (13,395,000) (13,145,000) (4,445,000)
Proceeds from stock-based awards and related tax benefit 740 1,338 7,238
Dividends paid on common stock (63,318) (55,997) (74,519)
Treasury stock purchased (123,854) (164,249) (98,374)
Increase (decrease) in advance payments by borrowers for taxes and insurance 413 786 13,733
Net cash provided (used) by financing activities 337,827 439,323 227,538
Increase (decrease) in cash and cash equivalents 150,508 (44,420) (137,298)
Cash and cash equivalents at beginning of year 268,650 313,070 450,368
Cash and cash equivalents at end of year 419,158 268,650 313,070
Non-cash investing activities      
Real estate acquired through foreclosure 1,839 4,032 3,266
Other personal property acquired through foreclosure 205 3,109 0
Non-cash financing activities      
Stock issued upon exercise of warrants 1,082 3,914 7,632
Cash paid during the year for      
Interest 194,277 133,722 111,333
Income taxes $ 33,545 $ 44,260 $ 54,078