XML 20 R8.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net income before noncontrolling interest $ 29,257 $ 22,249
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net 14,068 15,302
Stock compensation 1,046 3,506
Provision (recovery):    
Provision for credit losses 6,089 3,407
Deferred taxes (7,402) (16)
Loans held for sale:    
Originations (303,501) (16,175)
Proceeds from sales 451,652 143,035
Net change 5,425 11,111
Fair value adjustment of foreclosed real estate 123 83
Net realized (gain) loss:    
Other assets 0 108
Foreclosed real estate and repossessed assets 0 5,039
Loans held for sale (3,492) (1,851)
Leases receivable and equipment 633 (685)
Net change:    
Other assets (2,075) (12,917)
Accrued interest payable 145 (2,794)
Accrued expenses and other liabilities (20,733) (33,892)
Accrued interest receivable (506) 618
Change in bank-owned life insurance value (621) (631)
Net cash provided by operating activities 170,108 135,497
Securities available for sale:    
Purchases (23,963) 0
Proceeds from maturities and principal repayments 64,982 52,592
Securities held to maturity:    
Proceeds from maturities and principal repayments 10,755 11,062
Loans and leases:    
Purchases (64,930) (18,813)
Proceeds from sales 6,923 3,099
Net change (170,684) (167,929)
Proceeds from sales of foreclosed real estate and repossessed assets 2,657 23,085
Federal Reserve Bank and Federal Home Loan Bank stock:    
Purchases 0 (244,240)
Redemption 0 261,360
Rental equipment:    
Purchases (13,146) (17,956)
Proceeds from sales 5,609 2,250
Net change 0 3,124
Premises, furniture, and equipment:    
Purchases (582) (2,108)
Net cash (used in) investing activities (182,379) (94,474)
Cash flows from financing activities:    
Checking, savings, and money market deposits 1,356,060 674,696
Time certificates of deposit (6,701) (86,683)
Wholesale deposits (120,768) (118,481)
FHLB and other borrowings 0 (20,000)
Federal funds 0 (428,000)
Securities sold under agreements to repurchase 0 (4,019)
Distribution to noncontrolling interests (835) (923)
Proceeds from other liabilities 0 1,205
Other liabilities (1,498) (2,194)
Capital lease obligations (8) (1,818)
Cash dividends paid (1,613) (1,870)
Issuance of common stock due to ESOP 3,036 3,220
Issuance of common stock due to restricted stock 0 2
Proceeds from exercise of stock options and issuance of common stock 0 118
Shares repurchased (56,763) (30,748)
Net cash provided by (used in) financing activities 1,170,910 (15,495)
Effect of exchange rate changes on cash 445 116
Net change in cash and cash equivalents 1,159,084 25,644
Cash and cash equivalents at beginning of fiscal year 427,367 126,545
Cash and cash equivalents at end of fiscal period 1,586,451 152,189
Supplemental disclosure of cash flow information    
Interest 2,002 10,180
Income taxes 289 220
Franchise taxes 50 40
Other taxes 14 12
Supplemental schedule of non-cash investing activities    
Loans and leases to foreclosed real estate and repossessed assets 9 41
Loans and leases to rental equipment 1,353 759
Rental equipment to loan and leases 37 599
Loans and leases to held for sale 100,442 251,913
Other assets to held for sale 284 7,836
Deposits to held for sale 0 286,648
Recognition of operating lease ROU assets, net of remeasurements $ 0 $ 27,019