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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 77,143 $ 112,826
Adjustments to reconcile net income to net cash from operating activities:    
Discount accretion, net of depreciation and amortization 7,344 11,619
Stock-based compensation expense 5,734 6,058
Provision (credit) for credit losses 10,600 (7,800)
Provision for unfunded loan commitments 1,730 380
Provision for accrued interest receivables on loans 0 1,500
Distribution gain from investment in affordable housing partnerships 5,819 0
Net gains on sales of SBA loans (4,018) (11,693)
Net change in fair value of equity investments with readily determinable fair value 0 2,112
Amortization of investments in affordable housing partnerships 3,534 3,712
Gain on debt extinguishment (405) 0
Net change in deferred income taxes 3,164 2,889
Proceeds from sales of loans held for sale 57,348 155,152
Originations of loans held for sale (46,732) (20,569)
Originations of servicing assets (1,849) (2,890)
Net change in accrued interest receivable (6,239) 1,080
Net change in other assets (479) (4,707)
Net change in accrued interest payable 82,568 (160)
Net change in other liabilities 18,794 17,084
Net cash provided by operating activities 202,418 266,593
CASH FLOWS FROM INVESTING ACTIVITIES    
Redemption of interest earning deposits in other financial institutions 735 6,403
Purchase of securities (180,758) (122,340)
Proceeds from matured, called, or paid-down securities 234,135 211,023
Purchase of securities (5,545) (13,971)
Proceeds from matured, called, or paid-down securities 8,680 25
Purchase of equity investments (569) (800)
Proceeds from sales of other loans held for sale previously classified as held for investment 206,993 66,518
Purchase of loans receivable (1,368) (27,936)
Net change in loans receivable 326,412 (709,763)
Proceeds from sales of OREO 1,209 331
Purchase of FHLB stock (4,650) (18,078)
Redemption of FHLB stock 6,030 17,536
Purchase of premises and equipment (7,719) (4,525)
Purchase of BOLI policy (11,000) 0
Proceeds from BOLI death benefits 587 0
Investments in affordable housing partnerships (2,470) (1,197)
Net cash provided by (used in) investing activities 570,702 (596,774)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits (119,449) (10,820)
Proceeds from FHLB advances 5,250,000 18,460,885
Repayment of FHLB advances (5,750,000) (18,187,885)
Proceeds from FRB borrowings 35,896,000 845,000
Repayment of FRB borrowings (34,001,000) (845,000)
Repurchase of convertible notes (19,534) 0
Repayments of Debt (197,107) 0
Purchase of treasury stock 0 (14,667)
Cash dividends paid on common stock (33,518) (33,672)
Taxes paid in net settlement of restricted stock (2,949) (3,395)
Issuance of additional stock pursuant to various stock plans 0 531
Net cash provided by financing activities 1,022,443 210,977
NET CHANGE IN CASH AND CASH EQUIVALENTS 1,795,563 (119,204)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 506,776 316,266
CASH AND CASH EQUIVALENTS, END OF PERIOD 2,302,339 197,062
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 155,761 27,074
Income taxes paid 5,069 55,222
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES    
Transfer from loans receivable to loans held for sale 237,259 172,255
Transfer from loans held for sale to loans receivable 22,400 4,097
Transfer from investment securities available for sale to held to maturity, at fair value 0 238,966
Lease liabilities arising from obtaining ROU assets $ 6,113 $ 13,438