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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 166,574 $ 152,949
Adjustments to reconcile net income to net cash from operating activities:    
Discount accretion, net of depreciation and amortization 15,558 19,815
Stock-based compensation expense 9,285 6,835
Provision (credit) for credit losses 1,400 (13,700)
Provision for unfunded loan commitments 130 105
Provision for accrued interest receivables on loans 1,650 770
Valuation adjustment of OREO 415 583
Net gains on sales of SBA loans (14,621) (8,739)
Losses on BOLI 293 9
Net change in fair value of derivatives 98 (61)
Net losses on sale and disposal of premises and equipment (2) (8)
Net losses (gains) on sales of OREO (178) 1
Net change in fair value of equity investments with readily determinable fair value 1,918 534
Losses on investments in affordable housing partnerships 7,901 8,080
Software impairment 0 2,146
Net change in deferred income taxes (5,387) 29,988
Proceeds from sales of loans held for sale 174,791 178,520
Originations of loans held for sale (52,415) (150,720)
Originations of servicing assets (4,228) (2,039)
Net change in accrued interest receivable (3,916) 11,558
Net change in other assets (4,502) 4,362
Net change in accrued interest payable 7,441 (9,339)
Net change in other liabilities 64,682 (8,787)
Net cash provided by operating activities 367,247 222,876
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of interest bearing deposits in other financial institutions 0 (1,992)
Redemption of interest bearing deposits in other financial institutions 8,883 18,294
Purchase of securities (195,796) (993,912)
Proceeds from matured, called, or paid-down securities 277,317 552,757
Purchase of securities (37,985) 0
Proceeds from matured, called, or paid-down securities 6,939 0
Proceeds from sale of equity investments 20,603 819
Purchase of equity investments (196) 0
Proceeds from sales of other loans held for sale previously classified as held for investment 137,836 179,291
Purchase of loans receivable (47,655) (214,988)
Net change in loans receivable (1,678,133) (59,412)
Proceeds from sales of OREO 524 3,297
Purchase of FHLB stock (21,378) 0
Redemption of FHLB stock 19,728 0
Purchase of premises and equipment (6,548) (4,753)
Proceeds from BOLI death benefits 1,215 1,847
Investments in affordable housing partnerships (3,296) (3,596)
Net cash used in investing activities (1,517,942) (522,348)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 461,759 728,615
Proceeds from FHLB advances 23,650,885 1,540,000
Repayment of FHLB advances (23,250,885) (1,590,000)
Proceeds from FRB borrowings 7,647,000 0
Repayment of FRB borrowings (7,275,000) 0
Purchase of treasury stock (14,667) (47,198)
Cash dividends paid on common stock (50,397) (51,838)
Taxes paid in net settlement of restricted stock (3,461) (3,334)
Issuance of additional stock pursuant to various stock plans 531 0
Net cash provided by financing activities 1,165,765 576,245
NET CHANGE IN CASH AND CASH EQUIVALENTS 15,070 276,773
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 316,266 350,579
CASH AND CASH EQUIVALENTS, END OF PERIOD 331,336 627,352
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 54,929 49,667
Income taxes paid 70,475 43,149
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES    
Transfer from loans receivable to loans held for sale 219,287 374,034
Transfer from loans held for sale to loans receivable 8,324 3,404
Transfer from investment securities available for sale to held to maturity, at fair value 238,966 0
Lease liabilities arising from obtaining right-of-use assets $ 13,698 $ 965