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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 23,522 $ 84,601
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreaciation amortization 8,928 8,904
Amortization of intangible assets 1,425 1,551
Provision for credit losses 116,380 23,942
Deferred income tax (benefit) expense (10,000) 29,525
Stock-based compensation 2,442 2,009
Gain on sales of investments securities (8,092) 0
Unrealized gain on derivative instruments (2,127) (1,188)
Net (gain) on disposals or sales of premises and equipment and other assets 16 (43)
Net gain on sales of loans (3,274) (3,844)
Net amortization/accretion of premiums, discounts and deferred loan fees and costs (508) (4,277)
Originations and purchases of loans held for sale (153,728) (164,384)
Sales and repayments of loans held for sale 157,079 175,925
Amortization of broker placement fees 310 373
Net amortization/accretion of premium and discounts on investment securities 4,327 598
Increase in accrued interest receivable (13,433) (4,781)
(Decrase) increase in accrued interest payable (604) 797
Decrease in other assets 6,812 14,882
Decrease in other liabilities (7,076) (7,449)
Net cash provided by operating activities 122,399 157,141
Cash flows from investing activities:    
Net disbursements on loans held for investment (368,417) (354,007)
Proceeds from sale of loans held for investment 3,610 27,722
Proceeds from sale of repossessed assets 15,310 26,950
Proceeds from sales of available-for-sale securities 277,449 0
Purchases of available-for-sale securities (1,138,194) (7,436)
Proceeds from principal repayments and maturities of available-for-sale securities 309,738 183,696
Proceeds from principal repayments of held-to-maturity securities 142 143
Additions to premises and equipment (7,010) (10,311)
Proceeds from sales of premises and equipment and other assets 0 79
Net redemptions of other investment securities 2,032 317
Proceeds from the settlement of insurance claims - investing activities 0 202
Net cash used in investing activities (905,340) (132,645)
Cash flows from financing activities:    
Net increase in deposits 1,343,579 195,962
Net decrease in short-term borrowings (35,000) (50,086)
Repayment of long-term borrowings (45,000) 0
Proceeds from long-term reverse repurchase agreements 200,000 0
Repurchase of outstanding common stock (198) (1,905)
Dividends paid on common stock (21,718) (13,039)
Dividends paid on preferred stock (1,338) (1,338)
Net cash provided by financing activities 1,440,325 129,594
Net increase in cash and cash equivalents 657,384 154,090
Cash and cash equivalents at beginning of period 644,099 586,203
Cash and cash equivalents at end of period 1,301,483 740,293
Cash and cash equivalents include:    
Cash and Cash Equivalents, at Carrying Value, Total $ 1,301,483 $ 740,293