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Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net income from continuing operations $ 135,411 $ 135,972
Adjustments to reconcile net income to net cash provided by (used in) by continuing operating activities:    
Provision (benefit) for credit losses 39,844 372
Depreciation and amortization 13,327 10,735
Share-based compensation expense 7,351 7,645
Deferred taxes (18,802) 3,494
Net amortization (accretion) of investment securities premiums and discounts 1,714 449
Unrealized (gain) loss on investment securities 479 (2,720)
(Gain) loss on sale of investment securities 4,092 (25,378)
Loss on sale of foreign subsidiaries 0 2,840
Impairment loss on fixed assets and leases 1,200 0
Unrealized gain (loss) on derivatives (1,785) (2,098)
Loss on cash flow hedge derivative terminations 0 24,467
Settlement of terminated cash flow hedge derivatives 0 (27,156)
(Gain) loss on sale of leased assets under lessor operating leases 317 132
Fair value adjustment on loans held for sale 0 (1,115)
(Gain) loss on sale of loans (3,860) (4,256)
Origination of loans held for sale (20,197) (28,894)
Proceeds from the sale of loans held for sale 34,803 29,110
Amortization (accretion) of loan net deferred fees, discounts and premiums (40,439) (771)
Earnings on investment in bank-owned life insurance (10,273) (4,444)
(Increase) decrease in accrued interest receivable and other assets 52,526 55,839
Increase (decrease) in accrued interest payable and other liabilities (29,684) 115,102
Net Cash Provided By (Used In) Continuing Operating Activities 166,024 289,325
Cash Flows from Investing Activities    
Proceeds from maturities, calls and principal repayments of investment securities available for sale 349,296 172,750
Proceeds from maturities, calls and principal repayments of investment securities held to maturity 5,072 0
Proceed from sales of foreign subsidiaries 0 3,765
Proceeds from sales of investment securities available for sale 554,965 407,587
Purchases of investment securities available for sale (900,828) (890,186)
Origination of mortgage warehouse loans (16,464,761) (31,399,228)
Proceeds from repayments of mortgage warehouse loans 16,867,530 32,162,462
Net (increase) decrease in loans and leases, excluding mortgage warehouse loans (1,293,008) (1,304,356)
Proceeds from sales of loans and leases 34,719 130,501
Purchase of loans (230,962) (737,336)
Purchases of bank-owned life insurance 0 (46,462)
Proceeds from bank-owned life insurance 9,521 1,999
Net (purchases of) proceeds from sale of FHLB, Federal Reserve Bank, and other restricted stock (4,867)  
Net (purchases of) proceeds from sale of FHLB, Federal Reserve Bank, and other restricted stock   31,473
Purchases of bank premises and equipment (320) (312)
Proceeds from sales of other real estate owned 0 45
Proceeds from sales of leased assets under lessor operating leases 2,327 6,106
Purchases of leased assets under lessor operating leases (28,751) (8,625)
Net Cash Provided By (Used In) Continuing Investing Activities (1,100,067) (1,469,817)
Cash Flows from Financing Activities    
Net increase (decrease) in deposits 166,795 2,564,010
Net increase (decrease) in short-term borrowed funds from the FHLB (565,000) (850,000)
Net increase (decrease) in long-term borrowed funds from the FHLB 500,000 0
Net increase (decrease) in federal funds purchased 695,000 (250,000)
Net increase (decrease) in borrowed funds from FRB PPP liquidity facility 0 (549,151)
Repayments of other borrowings (100,000) 0
Preferred stock dividends paid (3,914) (6,746)
Purchase of treasury stock (27,820) 0
Payments of employee taxes withheld from share-based awards (4,196) (2,294)
Proceeds from issuance of common stock 324 7,815
Proceeds from sale of non-controlling interest in BMT 0 26,795
Net Cash Provided By (Used In) Continuing Financing Activities 661,189 940,429
Net Increase (Decrease) in Cash and Cash Equivalents From Continuing Operations (272,854) (240,063)
Discontinued Operations:    
Net Cash Used In Operating Activities 0 (22,791)
Net Increase (Decrease) in Cash and Cash Equivalents From Discontinued Operations 0 (22,791)
Net Increase (Decrease) in Cash and Cash Equivalents (272,854) (262,854)
Cash and Cash Equivalents – Beginning 518,032 693,354
Cash and Cash Equivalents – Ending 245,178 430,500
Non-cash Investing and Financing Activities:    
Transfer of investment securities available for sale to held to maturity 500,174 0
Distribution of investment in BM Technologies common stock 0 32,983
Transfer of loans held for investment to held for sale 4,136 27,824
Transfer of loans held for sale to held for investment 0 55,684
Unsettled purchases of investment securities $ 0 $ 10,000