XML 18 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 52,135 $ 130,928
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreaciation amortization 13,752 13,365
Amortization Of Intangible Assets 2,912 2,319
Provision for credit losses 163,294 31,340
Deferred income tax (benefit) expense (22,464) 46,006
Stock-based compensation 3,854 2,997
Gain on early extinguishment of debt (94) 0
Unrealized gain on derivative instruments (4,693) (2,105)
Net (gain) on disposals or sales of premises and equipment and other assets (212) (59)
Net gain on sales of loans (7,568) (6,059)
Net amortization/accretion of premiums, discounts and deferred loan fees and costs (3,281) (5,621)
Originations and purchases of loans held for sale (318,579) (255,020)
Sales and repayments of loans held for sale 323,275 259,316
Amortization of broker placement fees 437 557
Net amortization/accretion of premium and discounts on investment securities 10,739 1,084
Increase in accrued interest receivable (1,316) 1,767
(Decrase) increase in accrued interest payable (2,006) 785
Decrease in other assets (31,074) 31,411
Decrease in other liabilities 4,903 (17,824)
Net cash provided by operating activities 170,634 235,684
Cash flows from investing activities:    
Net disbursements on loans held for investment (382,857) (273,477)
Proceeds from sale of loans held for investment 3,610 66,891
Proceeds from sale of repossessed assets 28,247 49,105
Proceeds from sales of available-for-sale securities 1,080,766 0
Purchases of available-for-sale securities (1,988,902) (233,316)
Proceeds from principal repayments and maturities of available-for-sale securities 766,603 483,275
Proceeds from principal repayments of held-to-maturity securities 6,429 6,139
Additions to premises and equipment (11,317) (17,144)
Proceeds from sales of premises and equipment and other assets 493 95
Net redemptions of other investment securities 2,182 (680)
Proceeds from the settlement of insurance claims - investing activities 0 202
Net cash acquired in acquisition 406,626 0
Net cash used in investing activities (88,120) 81,090
Cash flows from financing activities:    
Net increase in deposits 1,657,962 146,526
Net decrease in short-term borrowings (35,000) (50,086)
Repayment of long-term borrowings (45,294) 0
Proceeds from long-term reverse repurchase agreements 200,000 0
Repurchase of outstanding common stock (206) (1,959)
Dividends paid on common stock (32,561) (19,514)
Dividends paid on preferred stock (2,007) (2,007)
Net cash provided by financing activities 1,742,894 72,960
Net increase in cash and cash equivalents 1,825,408 389,734
Cash and cash equivalents at beginning of period 644,099 586,203
Cash and cash equivalents at end of period 2,469,507 975,937
Cash and cash equivalents include:    
Cash and Cash Equivalents, at Carrying Value, Total $ 2,469,507 $ 975,937