XML 25 R9.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 99,630 $ 133,673 $ 218,277
Adjustments to reconcile net income to net cash from operating activities:      
Discount accretion, net of depreciation and amortization 52,712 23,462 30,461
Stock-based compensation expense 8,917 12,342 12,263
Provision for credit losses 17,280 31,592 9,850
Distribution Gain (Loss) From Investments (2) (5,819) 0
Write-down of ROU assets 0 2,217 0
Net gains on sales of SBA loans (8,534) (4,322) (17,418)
Gains on BOLI (1,730) (1,570) 0
Net change in fair value of derivatives (13,365) (16,225) (1,922)
Valuation on HFS loans 1,552 695 0
Valuation on HFS loans (936) 0 0
Net change in deferred income taxes 5,283 4,140 (8,955)
Proceeds from sales of loans held for sale 63,749 135,464 238,904
Originations of loans held for sale (34,542) (57,547) (55,466)
Originations of servicing assets (3,244) (1,892) (5,200)
Net change in accrued interest receivable 10,551 (9,186) (17,248)
Net change in other assets (5,115) 107,139 2,123
Net change in accrued interest payable (74,390) 141,506 22,396
Net change in other liabilities (1,094) (21,892) 57,470
Net cash provided by operating activities 116,722 473,777 485,535
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of investments in tax credit structures (17,242) 0 0
Redemption of interest earning deposits in other financial institutions 0 735 12,116
Purchase of securities (274,956) (460,116) (212,496)
Proceeds from matured, called, or paid-down securities 304,331 317,418 324,706
Proceeds from sale of securities 276,252 0 0
Purchase of securities 0 (5,545) (41,583)
Proceeds from matured, called, or paid-down securities 15,029 16,454 11,638
Proceeds from sales of equity investments 0 0 20,603
Purchase of equity investments (1,581) (1,297) (350)
Proceeds from redemptions of equity investments 539 3 0
Proceeds from sales of loans held for sale previously classified as held for investment 194,231 326,759 160,805
Net change in loans receivable 0 (3,666) (56,266)
Net change in loans receivable (17,810) 1,124,918 (1,680,144)
Proceeds from sales of OREO 63 2,109 524
Purchase of FHLB stock 0 (4,650) (21,378)
Redemption of FHLB stock 0 6,030 19,998
Purchase of premises and equipment (9,814) (13,123) (9,111)
Payment to Acquire Life Insurance Policy, Investing Activities 0 (11,000) 0
Proceeds from BOLI death benefits 633 587 1,215
Investments in affordable housing partnerships (3,157) (5,733) (3,903)
Net cash provided by (used in) investing activities 466,518 1,289,883 (1,473,626)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net change in deposits (426,264) (985,048) 698,351
Proceeds from FHLB advances 600,100 5,450,000 23,750,885
Repayment of FHLB advances (600,100) (5,950,000) (23,450,885)
Proceeds from FRB borrowings 1,258,100 36,104,000 16,548,000
Repayment of FRB borrowings (2,814,826) (34,673,274) (16,283,000)
Repayments of Convertible Debt 0 (19,534) 0
Repayments of Debt 0 (197,107) 0
Purchase of treasury stock 0 0 (14,667)
Cash dividends paid on common stock (67,511) (67,125) (67,126)
Taxes paid in net settlement of restricted stock (3,507) (3,382) (3,488)
Issuance of additional stock pursuant to various stock plans 0 1 531
Net cash (used in) provided by financing activities (2,054,008) (341,469) 1,178,601
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,470,768) 1,422,191 190,510
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,928,967 506,776 316,266
CASH AND CASH EQUIVALENTS, END OF PERIOD 458,199 1,928,967 506,776
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Interest paid 599,204 379,910 113,148
Income taxes paid 29,223 40,987 96,398
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES      
Transfer from loans receivable to OREO 0 105 938
Transfer from loans receivable to loans held for sale 255,458 421,395 311,535
Transfer from loans held for sale to loans receivable 26,491 22,400 12,021
Transfer from investment securities AFS to HTM, at fair value 0 0 238,966
ROU assets obtained in exchange for lease liabilities, net $ 6,151 $ 8,008 $ 16,977