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Consolidated Statements of Cash Flows - Unaudited - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net income from continuing operations $ 101,295,000 $ 135,411,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 43,232,000 39,844,000
Depreciation and amortization 16,569,000 13,327,000
Share-based compensation expense 6,518,000 7,351,000
Deferred taxes 2,766,000 (18,802,000)
Net amortization (accretion) of investment securities premiums and discounts (5,778,000) 1,714,000
Unrealized (gain) loss on investment securities 0 479,000
Net (gain) loss on sale of investment securities 0 4,092,000
Impairment loss on fixed assets and leases 124,000 1,200,000
Unrealized (gain) loss on derivatives (139,000) (1,785,000)
Settlement of terminated fair value hedge derivatives 4,630,000 0
(Gain) loss on sale of leased assets under lessor operating leases 202,000 317,000
(Gain) loss on sale of loans 625,000 (3,860,000)
Loss on sale of capital call lines of credit 5,037,000 0
Origination and purchases of loans held for sale (309,590,000) (20,197,000)
Proceeds from the sales and repayments of loans held for sale 313,685,000 34,803,000
Amortization (accretion) of loan net deferred fees, discounts and premiums (32,174,000) (40,439,000)
Earnings on investment in bank-owned life insurance (7,644,000) (10,273,000)
(Increase) decrease in accrued interest receivable and other assets (70,818,000) 52,526,000
Increase (decrease) in accrued interest payable and other liabilities 38,465,000 (29,684,000)
Net Cash Provided By (Used In) Operating Activities 107,005,000 166,024,000
Cash Flows from Investing Activities    
Proceeds from maturities, calls and principal repayments of investment securities available for sale 156,297,000 349,296,000
Proceeds from maturities, calls and principal repayments of investment securities held to maturity 94,286,000 5,072,000
Proceeds from sales of investment securities available for sale 0 554,965,000
Purchases of investment securities available for sale 0 (900,828,000)
Purchases of investment securities held to maturity (73,074,000) 0
Origination of mortgage warehouse loans (10,104,913,000) (16,464,761,000)
Proceeds from repayments of mortgage warehouse loans 10,452,136,000 16,867,530,000
Net (increase) decrease in loans and leases, excluding mortgage warehouse loans 1,290,224,000 (1,293,008,000)
Proceeds from sales of loans and leases 397,107,000 34,719,000
Purchases of loans (600,674,000) (230,962,000)
Proceeds from bank-owned life insurance 55,227,000 9,521,000
Net (purchases of) proceeds from sale of FHLB, Federal Reserve Bank, and other restricted stock (52,044,000) (4,867,000)
Purchases of bank premises and equipment (154,000) (320,000)
Proceeds from sales of leased assets under lessor operating leases 569,000 2,327,000
Purchases of leased assets under lessor operating leases (14,881,000) (28,751,000)
Net Cash Provided By (Used In) Investing Activities 1,600,106,000 (1,100,067,000)
Cash Flows from Financing Activities    
Net increase (decrease) in deposits (208,662,000) 166,795,000
Net increase (decrease) in short-term borrowed funds from FHLB (300,000,000) (565,000,000)
Net increase (decrease) in federal funds purchased 0 695,000,000
Proceeds from long-term borrowed funds from FHLB and FRB 2,565,000,000 500,000,000
Repayments of long-term borrowed funds from FHLB and FRB (1,015,000,000) 0
Repayments of other borrowings 0 (100,000,000)
Preferred stock dividends paid (7,012,000) (3,914,000)
Purchase of treasury stock (39,806,000) (27,820,000)
Payments of employee taxes withheld from share-based awards (2,373,000) (4,196,000)
Proceeds from issuance of common stock 160,000 324,000
Net Cash Provided By (Used In) Financing Activities 992,307,000 661,189,000
Net Increase (Decrease) in Cash and Cash Equivalents 2,699,418,000 (272,854,000)
Cash and Cash Equivalents – Beginning 455,806,000 518,032,000
Cash and Cash Equivalents – Ending 3,155,224,000 245,178,000
Non-cash Investing and Financing Activities:    
Transfer of investment securities available for sale to held to maturity 0 500,174,000
Purchases of investment securities held to maturity upon sale of consumer installment loans 436,841,000 0
Transfer of loans held for investment to held for sale 256,465,000 4,136,000
Transfer of loans held for sale to held for investment $ 14,377,000 $ 0