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Consolidated Statements of Cash Flows - (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities:    
Net Income $ 135,071 $ 93,325
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (14,409) 40,654
Provision for unfunded commitments (487) 974
Depreciation and amortization 4,795 3,515
Gains on sale of loans (11,988) (16,249)
Gains on sale of GNMA loans 0 (2,443)
Securities premium amortization (discount accretion), net 3,152 5,345
Origination of loans held for sale (929,090) (862,171)
Proceeds from sale of loans held for sale 975,870 856,043
Net increase in cash surrender value of BOLI (1,429) (1,655)
Deferred income tax (benefit) expense 0 (6,559)
Net gain on sale of other real estate owned (148) (1,180)
Net gain on sale of investment securities (2,058) (1,650)
Stock-based compensation expense 5,814 3,874
Net tax benefits from stock compensation 0 99
(Increase) decrease in other assets (29,667) (45,493)
Increase (decrease) in other liabilities 89,348 41,156
Net cash provided by operating activities 224,774 107,585
Cash Flows From Investing Activities:    
Purchases of available-for-sale investment securities (1,059,189) (465,119)
Proceeds from maturities of available-for-sale securities 233,366 208,264
Proceeds from sale/call of available-for-sale securities 164,569 130,265
Purchases of Federal Reserve and Federal Home Loan Bank stock (158) (9,116)
Sale of Federal Reserve and Federal Home Loan Bank stock 6,169 4,250
Proceeds from sale of SBA PPP loans 170,154 0
Net change in loans 727,021 (343,665)
Net change in premises and equipment (4,973) (445)
Net cash used in investing activities 236,959 (475,566)
Cash Flows From Financing Activities:    
Increase in deposits 479,285 954,394
Net change in customer repurchase agreements 2,675 (6,687)
Increase in short-term borrowings 0 50,000
Proceeds from long-term borrowings 0 50,293
Repayment of long-term borrowings (200,000) 0
Proceeds from issuance of common stock 0 0
Proceeds from employee stock purchase plan 327 564
Common stock repurchased (677) (44,168)
Cash dividends paid (31,914) (21,280)
Net cash provided by financing activities 249,696 983,116
Net Decrease In Cash and Cash Equivalents 711,429 615,135
Cash and Cash Equivalents at Beginning of Period 1,789,055 241,973
Cash and Cash Equivalents at End of Period 2,500,484 857,108
Supplemental Cash Flows Information:    
Interest paid 36,831 59,011
Income taxes paid 42,986 29,850
Non-Cash Investing Activities    
Initial recognition of operating lease right-of-use assets (10,168) 998
Transfers from loans to other real estate owned 148 3,500
Change in fair value of cash flow hedges (516) 0
Change in fair value of investments $ 24,495 $ 0