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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 87,054,000 $ 54,955,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 725,000 686,000
Provision for credit losses 4,726,000 6,867,000
Gain on sale of securities 108,000  
Gain on sale of loans (9,356,000) (6,733,000)
Proceeds from sales of loans 4,694,759,000 3,356,860,000
Loans and participations originated and purchased for sale (5,078,607,000) (3,674,484,000)
Proceeds from sale of low-income housing tax credits 25,861,000 8,670,000
Purchases of low-income housing tax credits for sale (21,113,000) (7,932,000)
Change in servicing rights for paydowns and fair value adjustments (11,577,000) 4,554,000
Net change in:    
Mortgage loans in process of securitization (32,030,000) (42,880,000)
Other assets and receivables (58,186,000) (8,116,000)
Other liabilities 14,595,000 7,607,000
Other (731,000) (1,587,000)
Net cash used in operating activities (383,772,000) (301,533,000)
Investing activities:    
Net change in securities purchased under agreements to resell 20,000 26,000
Purchases of securities available for sale (193,957,000) (353,249,000)
Purchases of securities held to maturity   (1,540,000)
Proceeds from the sale of securities available for sale 9,983,000 0
Proceeds from calls, maturities and paydowns of securities available for sale 231,585,000 832,000
Proceeds from calls, maturities and paydowns of securities held to maturity 29,050,000 15,783,000
Purchases of loans (27,727,000) (98,791,000)
Net change in loans receivable (552,568,000) (678,522,000)
Proceeds from loans held for sale previously classified as loans receivable 1,600,000  
Purchase of FHLB stock (16,031,000)  
Proceeds from sale of FHLB stock 394,000  
Purchases of premises and equipment (2,306,000) (1,041,000)
Purchase of limited partnership interests (4,157,000) (4,580,000)
Net cash paid on sale of branches (171,319,000)  
Other investing activities 414,000 906,000
Net cash used in investing activities (695,019,000) (1,120,176,000)
Financing activities:    
Net change in deposits 144,036,000 1,273,886,000
Proceeds from borrowings 26,751,878,000 22,335,000,000
Repayment of borrowings (25,871,971,000) (22,185,180,000)
Proceeds from credit linked notes   153,546,000
Payment of credit linked notes (8,249,000)  
Dividends (12,570,000) (12,126,000)
Other financing activities   5,000
Net cash provided by financing activities 1,003,124,000 1,565,131,000
Net Change in Cash and Cash Equivalents (75,667,000) 143,422,000
Cash and Cash Equivalents, Beginning of Period 584,422,000 226,164,000
Cash and Cash Equivalents, End of Period 508,755,000 369,586,000
Supplemental Cash Flows Information:    
Interest paid 178,751,000 101,381,000
Income taxes paid, net of refunds 783,000 966,000
Change in ROU assets due to lease renegotiation (1,349,000)  
Transfer of loans from loans held for sale to loans receivable 31,350,000 $ 377,460,000
Transfer of loans from loans receivable to loans held for sale $ 1,600,000