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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 43,687 $ 25,953  
Adjustments to reconcile net income to net cash from operating activities:      
Discount accretion, net of depreciation and amortization 6,638 (2,497)  
Stock-based compensation expense 2,572 1,990  
Provision for credit losses 3,300 28,000  
Provision for unfunded loan commitments 105 610  
Valuation adjustment of OREO 155 765  
Net gains on sales of other loans (2,096) (1,855)  
Earnings on BOLI (324) (90)  
Net change in fair value of derivatives 6 (561)  
Net losses on sales of OREO 14 61  
Net change in fair value of equity investments with readily determinable fair value 484 (354)  
Losses on investments in affordable housing partnerships 2,629 2,480  
Net change in deferred income taxes 4,175 (853)  
Proceeds from sales of loans held for sale 69,931 74,660  
Originations of loans held for sale (69,783) (33,061)  
Originations of servicing assets (592) (377)  
Net change in accrued interest receivable (1,668) 322  
Net change in other assets 20,938 (42,527)  
Net change in accrued interest payable (6,095) (3,374)  
Net change in other liabilities (16,558) 22,575  
Net cash provided by operating activities 58,118 71,867  
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of interest bearing deposits in other financial institutions (249) (2,205)  
Redemption of interest bearing deposits in other financial institutions 2,948 2,205  
Purchase of securities available for sale (209,270) (56,355)  
Proceeds from matured, called, or paid-down securities available for sale 215,077 90,594  
Proceeds from sale of securities available for sale 0 0  
Proceeds from sale of equity investments 214 0  
Proceeds from sales of other loans held for sale previously classified as held for investment 0 1,053  
Net change in loans receivable (138,554) (300,852)  
Proceeds from sales of OREO 1,437 946  
Purchase of FHLB stock 0 (974)  
Redemption of FHLB stock 0 2,156  
Purchase of premises and equipment (1,504) (1,398)  
Investments in affordable housing partnerships (154) (7,793)  
Net cash used in investing activities (130,055) (272,623)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Net change in deposits (32,643) 309,203  
Proceeds from FHLB advances 1,140,000 800,000  
Repayment of FHLB advances (990,000) (750,000)  
Purchase of treasury stock 0 (36,777)  
Cash dividends paid on common stock (17,257) (17,423)  
Taxes paid in net settlement of restricted stock (2,076) (781)  
Net cash provided by financing activities 98,024 304,222  
NET CHANGE IN CASH AND CASH EQUIVALENTS 26,087 103,466  
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 350,579 698,567 $ 698,567
CASH AND CASH EQUIVALENTS, END OF PERIOD 376,666 802,033 $ 350,579
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Interest paid 21,284 49,410  
Income taxes paid 1,240 1,777  
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES      
Transfer from loans receivable to OREO 0 979  
Transfer from loans receivable to loans held for sale 0 1,002  
Transfer from loans held for sale to loans receivable 0 1,451  
Financing Receivable, Accrued Interest, Allowance For Credit Loss $ 600 $ 0