XML 21 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities:    
Net Income $ 51,979 $ 70,992
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 34,047 6,960
Provision for unfunded commitments 3,052  
Depreciation and amortization 2,238 3,567
Amortization of operating lease right-of-use assets   1,360
Gains on sale of loans (4,023) (3,311)
Gains on sale of GNMA loans   (71)
Securities premium amortization (discount accretion), net 2,931 2,519
Origination of loans held for sale (307,790) (230,865)
Proceeds from sale of loans held for sale 300,087 215,995
Net increase in cash surrender value of BOLI (1,242) (854)
Deferred income tax (benefit) expense (7,560) 2,807
Net gain on sale of investment securities (1,535) (1,475)
Stock-based compensation expense 2,423 3,501
Net tax (expense) benefits from stock compensation (313) 10
(Increase) decrease in other assets (20,365) 6,912
Increase (decrease) in other liabilities (5,612) (29,242)
Net cash provided by operating activities 48,317 48,805
Cash Flows From Investing Activities:    
Purchases of available-for-sale investment securities (209,460) (63,572)
Proceeds from maturities of available-for-sale securities 170,754 67,223
Proceeds from sale/call of available-for-sale securities 119,988 42,143
Purchases of Federal Reserve and Federal Home Loan Bank stock (9,074) (76,150)
Proceeds from redemption of Federal Reserve and Federal Home Loan Bank stock 4,250 65,663
Net increase in loans (481,672) (405,986)
Increase (decrease) in premises and equipment (2,965) 1,675
Net cash used in investing activities (408,179) (369,004)
Cash Flows From Financing Activities:    
Increase (decrease) in deposits 711,581 (24,393)
Increase (decrease) in customer repurchase agreements 218 1,256
Increase in short-term borrowings 50,000 225,000
Increase in long-term borrowings 50,098  
Proceeds from exercise of equity compensation plans   332
Proceeds from employee stock purchase plan 382 373
Common stock repurchased (44,168)  
Cash dividends paid (14,180) (7,599)
Net cash provided by (used in) financing activities 753,931 194,969
Net Increase (Decrease) In Cash and Cash Equivalents 394,069 (125,230)
Cash and Cash Equivalents at Beginning of Period 241,973 321,864
Cash and Cash Equivalents at End of Period 636,042 196,634
Supplemental Cash Flows Information:    
Interest paid 41,413 51,735
Income taxes paid 26,900 31,850
Non-Cash Investing Activities    
Initial recognition of operating lease right-of-use assets 945 $ 29,574
Transfers from loans to other real estate owned $ 6,750