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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:          
Net (loss)/income from continuing operations $ 23,043 $ 20,659 $ (532,074) $ 68,885  
Net (loss)/income from discontinued operations (1,818) 1,957 (15,952) 2,814  
Net income/(loss) 21,225 22,616 (548,026) 71,699  
Adjustments to reconcile net (loss)/income to net cash provided by operating activities:          
Provision for credit losses 1,200 22,600 65,878 30,068  
Net amortization of securities     2,035 1,811  
Change in unamortized net loan costs and premiums     20,565 8,964  
Premises and equipment depreciation and amortization expense     8,944 7,844  
Stock-based compensation expense     3,450 3,546  
Accretion of purchase accounting entries, net     (8,146) (9,589)  
Amortization of other intangibles 1,530 1,526 4,668 4,201  
Income from cash surrender value of bank-owned life insurance policies     (3,876) (3,546)  
Securities losses (gains), net     9,925 (2,655)  
Net change in loans held-for-sale     (7,130) (2,920)  
Decrease in right-of-use lease assets     1,809 10,025  
Decrease in lease liabilities     (1,746) (10,189)  
Loss on disposition of assets     327 1,615  
Loss on sale of real estate     13 5  
Amortization of interest in tax-advantaged projects     2,621 4,459  
Goodwill impairment 0 0 553,762 0  
Net change in other     (36,152) (4,803)  
Net cash provided by operating activities of continuing operations     84,873 107,721  
Net cash provided (used) by operating activities of discontinued operations     109,897 (104,001)  
Net cash provided by operating activities     194,770 3,720  
Cash flows from investing activities:          
Net decrease in trading security     546 522  
Purchases of marketable equity securities     (17,631) (18,150)  
Proceeds from sales of marketable equity securities     18,458 17,728  
Purchases of securities available for sale (319,200) (14,900) (635,194) (30,032)  
Proceeds from sales of securities available for sale 64,200 0 71,844 82,978  
Proceeds from maturities, calls, and prepayments of securities available for sale     320,010 151,155  
Purchases of securities held to maturity     (3,200) (5,692)  
Proceeds from maturities, calls, and prepayments of securities held to maturity     29,237 13,822  
Net change in loans     474,707 395,643  
Proceeds from surrender of bank-owned life insurance     553 1,457  
Purchase of Federal Home Loan Bank stock     (6,741) (112,208)  
Proceeds from redemption of Federal Home Loan Bank stock     14,240 141,424  
Net investment in limited partnership tax credits     (6,499) (3,997)  
Purchase of premises and equipment, net     (6,190) (8,518)  
Acquisitions, net of cash acquired     0 110,774  
Proceeds from sales of seasoned commercial loan portfolios     37,988 0  
Proceeds from sale of other real estate     171 150  
Net investing cash flows from discontinued operations     0 (2)  
Net cash provided by investing activities     292,299 737,054  
Cash flows from financing activities:          
Net increase in deposits     133,031 109,238  
Proceeds from Federal Home Loan Bank advances and other borrowings     326,277 5,267,520  
Repayments of Federal Home Loan Bank advances and other borrowings     (451,493) (5,937,568)  
Purchase of treasury stock     (473) (27,651)  
Exercise of stock options     607 69  
Common and preferred stock cash dividends paid     (30,456) (33,476)  
Settlement of derivative contracts with financial institution counterparties     (109,099) 0  
Net cash used by financing activities     (131,606) (621,868)  
Net change in cash and cash equivalents     355,463 118,906  
Cash and cash equivalents at beginning of period     579,829 183,189 $ 183,189
Cash and cash equivalents at end of period 935,292 302,095 935,292 302,095 579,829
Supplemental cash flow information:          
Interest paid on deposits     67,119 87,499  
Interest paid on borrowed funds     16,961 27,499  
Income taxes paid, net     345 8,368  
Assets acquired     0 1,595,054  
Liabilities assumed     0 (1,530,010)  
Other non-cash changes:          
Other net comprehensive income (813) 4,579 20,433 29,350  
Total shareholders’ equity (1,179,025) (1,772,224) (1,179,025) (1,772,224) $ (1,758,564)
Reclass of seasoned loan portfolios to held-for-sale, net     10,048 0  
Real estate owned acquired in settlement of loans     224 0  
Accounting standards update         us-gaap:AccountingStandardsUpdate201613Member
Cumulative Effect, Period of Adoption, Adjustment          
Other non-cash changes:          
Total shareholders’ equity         $ 24,380
Retained earnings (deficit)          
Cash flows from operating activities:          
Net income/(loss) 21,225 22,616 (548,026) 71,699  
Other non-cash changes:          
Total shareholders’ equity $ 242,175 $ (346,971) $ 242,175 $ (346,971) (361,082)
Retained earnings (deficit) | Cumulative Effect, Period of Adoption, Adjustment          
Other non-cash changes:          
Total shareholders’ equity         $ 24,380