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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 65,703,000 $ 52,942,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion expense, net 15,275,000 7,388,000
Stock-based compensation expense 1,379,000 1,751,000
Provision (release) for loan losses (1,000,000) (500,000)
Loss (gain) on sale of investment securities 0 9,000
Net realized (gain) loss on sales of premises, equipment, and real estate owned (32,734,000) (7,054,000)
Impairment loss on premises and equipment 5,931,000 0
Decrease (increase) in accrued interest receivable 2,132,000 (912,000)
Decrease (increase) in federal and state income tax receivable 0 1,804,000
Decrease (increase) in cash surrender value of bank owned life insurance (1,457,000) (1,497,000)
Decrease (increase) in other assets (3,793,000) 16,816,000
Increase (decrease) in federal and state income tax liabilities 14,067,000 0
Increase (decrease) in accrued expenses and other liabilities 8,092,000 (10,482,000)
Net cash provided by (used in) operating activities 73,595,000 60,265,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Origination of loans and principal repayments, net 20,131,000 (222,257,000)
FHLB & FRB stock purchased (77,200,000) (164,200,000)
FHLB & FRB stock redeemed 77,200,000 155,800,000
Available-for-sale securities purchased (82,028,000) (172,076,000)
Principal payments and maturities of available-for-sale securities 69,085,000 38,118,000
Proceeds from sales of available-for-sale securities 0 491,000
Principal payments and maturities of held-to-maturity securities 81,329,000 37,736,000
Proceeds from sales of real estate owned 820,000 3,915,000
Cash paid for acquisitions (1,725,000) 0
Proceeds from sales of premises and equipment 53,790,000 10,233,000
Premises and equipment purchased and REO improvements (4,931,000) (18,562,000)
Net cash provided by (used in) investing activities 136,471,000 (330,802,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in customer accounts (58,626,000) 174,623,000
Proceeds from borrowings 1,930,000,000 4,105,000,000
Repayments of borrowings (1,930,000,000) (3,895,000,000)
Proceeds from stock-based awards 50,000 459,000
Dividends paid on common stock (16,433,000) (14,638,000)
Treasury stock purchased (33,479,000) (48,930,000)
Increase (decrease) in borrower advances related to taxes and insurance, net (36,931,000) (36,252,000)
Net cash provided by (used in) financing activities (145,419,000) 285,262,000
Increase (decrease) in cash and cash equivalents 64,647,000 14,725,000
Cash, cash equivalents and restricted cash at beginning of period 419,158,000 268,650,000
Cash, cash equivalents and restricted cash at end of period 483,805,000 283,375,000
Non-cash investing activities    
Real estate acquired through foreclosure 272,000 116,000
Non-cash financing activities    
Stock issued upon exercise of warrants 0 1,082,000
Cash paid during the period for    
Interest $ 45,954,000 $ 44,177,000