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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 181,872 $ 166,239 $ 146,151
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of deferred loan origination fees and fair value premiums on loans 1,339 683 (10,193)
Amortization of investment securities (discounts), net of accretion of premiums (4,451) (3,628) 3,111
Amortization of other intangible assets 6,899 8,500 9,803
Net change in operating leases 297 360 469
Depreciation and amortization of premises and equipment 20,387 15,812 14,128
Deferred income tax expense, net 67,349 61,126 63,616
Provision for credit losses 60,638 24,119 221
Stock-based compensation 5,001 4,185 6,245
(Gain) loss on:      
Sale of securities 1,149 247 (19)
Sale of loans (7,331) (1,202) (7,292)
Early extinguishment of debt 0 (42) 1,481
Foreclosed real estate and other repossessed assets (6,251) (12,186) (10,435)
Sale of other assets 106 (4,962) (571)
Originations and purchases of loans held-for-sale (67,941) (185,884) (353,685)
Proceeds from sale of loans held-for-sale 35,881 97,608 220,684
Net decrease (increase) in:      
Accrued interest receivable (8,938) (5,825) 9,537
Servicing assets 1,401 (1,948) (1,678)
Other assets 4,971 35,371 (9,051)
Net increase (decrease) in:      
Accrued interest on deposits and borrowings 3,000 34 (861)
Accrued expenses and other liabilities 279 (34,151) 18,383
Net cash provided by operating activities 295,657 164,456 100,044
Purchases of:      
Investment securities available-for-sale (1,035,453) (1,266,569) (29,095)
Investment securities held-to-maturity (35,000) (196,742) (380,322)
FHLB stock (44,781) (122) 0
Equity securities (5,943) (4,550) (7,650)
Maturities and redemptions of:      
Investment securities available-for-sale 273,643 132,756 102,034
Investment securities held-to-maturity 22,265 29,438 12,445
FHLB stock 36,298 83 2,312
Proceeds from sales of:      
Investment securities available-for-sale 202,133 242,126 2,174
Foreclosed real estate and other repossessed assets, including write-offs 60,085 48,805 44,966
Loans held for investment 0 0 4,846
Premises and equipment 38 4,784 570
Other assets 0 1,060 0
Origination and purchase of loans, excluding loans held-for-sale (3,586,017) (2,885,018) (2,036,516)
Principal repayment of loans 2,725,844 2,412,011 2,124,355
Additions to premises and equipment (17,857) (30,999) (23,053)
Net cash used in investing activities (1,404,745) (1,512,937) (182,934)
Net increase (decrease) in:      
Deposits 1,195,080 6,906 152,699
Subordinated capital notes 0 (34,958) 0
FHLB advances and other borrowings 173,070 (1,547) (39,174)
Exercise of stock options and restricted units lapsed, net (1,689) (906) 283
Purchase of treasury stock (18,653) (64,110) (49,872)
Redemption of preferred stock 0 0 (92,000)
Dividends paid on preferred stock 0 0 (1,255)
Dividends paid on common stock (41,011) (30,090) (19,718)
Net cash provided by (used in ) financing activities 1,306,797 (124,705) (49,037)
Net change in cash, cash equivalents and restricted cash 197,709 (1,473,186) (131,927)
Cash, cash equivalents and restricted cash at beginning of year 550,464 2,023,650 2,155,577
Cash, cash equivalents and restricted cash at end of year 748,173 550,464 2,023,650
Reconciliation of the Consolidated Statements of Cash Flows to the Consolidated Statements of Financial Condition:      
Cash and due from banks 743,550 546,146 2,014,523
Money market investments 4,623 4,161 8,952
Restricted cash 0 157 175
Total cash, cash equivalents, restricted cash and restricted cash equivalents at end of year 748,173 550,464 2,023,650
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:      
Interest paid 79,726 26,959 35,338
Income taxes paid 15,007 5,126 2,794
Operating lease liabilities paid 10,117 10,107 10,948
Mortgage loans held-for-sale securitized into mortgage-backed securities 93,565 126,082 149,080
Transfer from loans to foreclosed real estate and other repossessed assets 53,400 37,233 39,547
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 53,021 17,476 54,983
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio 8,763 22,723 7,053
Financed sales of foreclosed real estate 585 1,767 1,444
Delinquent loans booked under the GNMA buy-back option 19,401 32,590 14,511
Conversion of debt security to equity security $ 376 $ 1,500 $ 0