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Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net income from continuing operations $ 135,972 $ 33,429
Adjustments to reconcile net income to net cash provided by continuing operating activities:    
Provision for credit losses on loans and leases 372 52,732
Depreciation and amortization 10,735 14,319
Share-based compensation expense 7,645 7,278
Deferred taxes 3,494 (28,104)
Net amortization (accretion) of investment securities premiums and discounts 449 (364)
Unrealized (gain) loss on investment securities (2,720) 178
(Gain) loss on sale of investment securities (25,378) (8,328)
Loss on sale of foreign subsidiaries (2,840) 0
Unrealized gain (loss) on derivatives (2,098) 5,304
Loss on cash flow hedge derivative terminations 24,467 0
Settlement of terminated cash flow hedge derivatives (27,156) 0
(Gain) loss on sale of leased assets under lessor operating leases 132 0
Fair value adjustment on loans held for sale (1,115) 1,450
(Gain) loss on sale of SBA and other loans (4,256) (426)
Origination of loans held for sale (28,894) (22,730)
Proceeds from the sale of loans held for sale 29,110 21,745
Amortization (accretion) of fair value discounts and premiums (771) (1,137)
Earnings on investment in bank-owned life insurance (4,444) (3,519)
(Increase) decrease in accrued interest receivable and other assets 55,839 (113,857)
Increase (decrease) in accrued interest payable and other liabilities 115,102 81,835
Net Cash Provided By Continuing Operating Activities 289,325 39,805
Cash Flows from Investing Activities    
Proceeds from maturities, calls and principal repayments of investment securities 172,750 78,485
Proceed from sales of foreign subsidiaries 3,765 0
Proceeds from sales of investment securities available for sale 407,587 109,207
Purchases of investment securities available for sale (890,186) (280,410)
Origination of mortgage warehouse loans (31,399,228) (23,573,962)
Proceeds from repayments of mortgage warehouse loans 32,162,462 23,033,058
Net (increase) decrease in loans and leases, excluding mortgage warehouse loans (1,304,356) (4,515,097)
Proceeds from sales of loans and leases 130,501 0
Purchase of loans (737,336) (211,096)
Purchases of bank-owned life insurance (46,462) 0
Proceeds from bank-owned life insurance 1,999 0
Net proceeds from sale of (purchases of) FHLB, Federal Reserve Bank, and other restricted stock 31,473  
Net proceeds from sale of (purchases of) FHLB, Federal Reserve Bank, and other restricted stock   (6,809)
Purchases of bank premises and equipment (312) (165)
Proceeds from sales of other real estate owned 45 77
Proceeds from sales of leased assets under lessor operating leases 6,106 0
Purchases of leased assets under lessor operating leases (8,625) (9,011)
Net Cash Used In Continuing Investing Activities (1,469,817) (5,375,723)
Cash Flows from Financing Activities    
Net increase in deposits 2,564,010 2,316,939
Net increase (decrease) in short-term borrowed funds from the FHLB (850,000) 0
Net increase (decrease) in federal funds purchased (250,000) (538,000)
Net increase (decrease) in borrowed funds from FRB PPP liquidity facility (549,151) 4,419,967
Preferred stock dividends paid (6,746) (7,229)
Payments of employee taxes withheld from share-based awards (2,294) (1,067)
Proceeds from issuance of common stock 7,815 410
Proceeds from sale of non-controlling interest in BMT 26,795 0
Net Cash Provided By Continuing Financing Activities 940,429 6,191,020
Net Increase (Decrease) in Cash and Cash Equivalents From Continuing Operations (240,063) 855,102
Discontinued Operations:    
Net Cash Used In Operating Activities (22,791) (329)
Net Cash Provided By Investing Activities 0 52
Net Increase (Decrease) in Cash and Cash Equivalents From Discontinued Operations (22,791) (277)
Net Increase (Decrease) in Cash and Cash Equivalents (262,854) 854,825
Cash and Cash Equivalents – Beginning 693,354 212,505
Cash and Cash Equivalents – Ending 430,500 1,067,330
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 27,824 19,050
Transfer of loans held for sale to held for investment 55,684 0
Unsettled sales of investment securities 0 33,615
Unsettled purchases of investment securities $ 10,000 $ 0