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Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities    
Net income from continuing operations $ 74,631 $ 8,454
Adjustments to reconcile net income to net cash provided by (used in) continuing operating activities:    
Provision (benefit) for credit losses on loans and leases (2,919) 31,786
Depreciation and amortization 5,321 7,038
Share-based compensation expense 3,082 3,463
Deferred taxes (6,198) (22,287)
Net amortization (accretion) of investment securities premiums and discounts (14) 251
Unrealized (gain) loss on investment securities (974) 1,378
(Gain) loss on sale of investment securities (23,566) (3,974)
Unrealized gain (loss) on derivatives (2,537) 1,146
Loss on cash flow hedge derivative terminations 24,467 0
Settlement of terminated cash flow hedge derivatives (27,156) 0
Fair value adjustment on loans held for sale (1,115) 0
(Gain) loss on sale of SBA and other loans (2,071) (170)
Origination of loans held for sale (12,323) (7,046)
Proceeds from the sale of loans held for sale 17,122 7,948
Amortization (accretion) of fair value discounts and premiums (345) (378)
Earnings on investment in bank-owned life insurance (1,679) (1,762)
(Increase) decrease in accrued interest receivable and other assets 20,979 (98,985)
Increase (decrease) in accrued interest payable and other liabilities 135,679 38,206
Net Cash Provided By (Used In) Continuing Operating Activities 200,384 (34,932)
Cash Flows from Investing Activities    
Proceeds from maturities, calls and principal repayments of investment securities 62,348 24,079
Proceeds from sales of investment securities available for sale 353,915 0
Purchases of investment securities available for sale (589,874) (158,782)
Origination of mortgage warehouse loans (16,998,093) (9,791,820)
Proceeds from repayments of mortgage warehouse loans 17,211,909 9,520,758
Net (increase) decrease in loans and leases, excluding mortgage warehouse loans (486,158) 174,971
Proceeds from sales of loans and leases 39,534 0
Purchase of loans (117,036) (193,363)
Net proceeds from sale of (purchases of) FHLB, Federal Reserve Bank, and other restricted stock 1,948  
Net proceeds from sale of (purchases of) FHLB, Federal Reserve Bank, and other restricted stock   (2,926)
Purchases of bank premises and equipment (298) (89)
Purchases of leased assets under lessor operating leases (4,849) (6,384)
Net Cash Used In Continuing Investing Activities (526,654) (433,556)
Cash Flows from Financing Activities    
Net increase (decrease) in deposits 1,162,511 (235,293)
Net increase (decrease) in short-term borrowed funds from the FRB 0 175,000
Net increase (decrease) in short-term borrowed funds from the FHLB 0 410,000
Net increase (decrease) in federal funds purchased 115,000 167,000
Net increase (decrease) in borrowed funds from FRB PPP liquidity facility (1,130,860) 0
Preferred stock dividends paid (3,401) (3,615)
Payments of employee taxes withheld from share-based awards (1,988) (932)
Proceeds from issuance of common stock 6,684 225
Proceeds from sale of non-controlling interest in BMT 23,125 0
Net Cash Provided By Continuing Financing Activities 171,071 512,385
Net Increase (Decrease) in Cash and Cash Equivalents From Continuing Operations (155,199) 43,897
Discontinued Operations:    
Net Cash Used In Operating Activities (22,791) (232)
Net Cash Provided By Investing Activities 0 62
Net Increase (Decrease) in Cash and Cash Equivalents From Discontinued Operations (22,791) (170)
Net Increase (Decrease) in Cash and Cash Equivalents (177,990) 43,727
Cash and Cash Equivalents – Beginning 693,354 212,505
Cash and Cash Equivalents – Ending 515,364 256,232
Non-cash Operating and Investing Activities:    
Transfer of loans to other real estate owned 0 31
Distribution of investment in BM Technologies common stock 32,983 0
Transfer of loans held for investment to held for sale 44,258 0
Unsettled sales of investment securities 0 104,469
Unsettled purchases of investment securities $ 56,620 $ 97,247