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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 218,277 $ 204,572 $ 111,515
Adjustments to reconcile net income to net cash from operating activities:      
Discount accretion, net of depreciation and amortization 20,087 26,000 12,244
Stock-based compensation expense 12,263 8,398 8,127
Provision (credit) for credit losses 9,600 (12,200) 95,000
Provision (credit) for unfunded loan commitments 250 (195) 660
Provision for accrued interest receivables on loans 1,107 846 1,000
Valuation adjustment of OREO 415 1,621 3,284
Write-down of right-of-use assets 0 0 1,751
Net gains on sales of SBA loans (17,418) (12,883) (8,004)
Net losses on sales of OREO (178) (684) (108)
Net gains on sales and calls of securities available for sale 0 0 (7,531)
Net change in fair value of equity investments with readily determinable fair value 1,912 789 (488)
Losses on investments in affordable housing partnerships 10,374 10,774 12,863
Payment of FHLB prepayment fee 0 0 3,584
Software impairment 0 2,146 0
Net change in deferred income taxes (8,955) 19,626 (17,998)
Proceeds from sales of loans held for sale 238,904 229,302 305,060
Originations of loans held for sale (55,466) (192,161) (268,283)
Originations of servicing assets (5,200) (2,880) (2,864)
Net change in accrued interest receivable (17,248) 16,742 (28,658)
Net change in other assets (3,519) 49,010 (59,228)
Net change in accrued interest payable 22,396 (10,434) (19,104)
Net change in other liabilities 57,578 (15,546) 22,878
Net cash provided by operating activities 485,535 324,211 165,916
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of interest bearing deposits in other financial institutions 0 (4,233) (20,597)
Redemption of interest bearing deposits in other financial institutions 12,116 20,024 21,117
Purchase of securities (212,496) (1,159,057) (1,273,369)
Proceeds from matured, called, or paid-down securities 324,706 694,715 565,362
Proceeds from sale of securities 0 0 168,069
Purchase of securities (41,583) 0 0
Proceeds from matured, called, or paid-down securities 11,638 0 0
Proceeds from sales of equity investments 20,603 1,277 201
Purchase of equity investments (350) 0 (10,000)
Proceeds from sales of other loans held for sale previously classified as held for investment 160,805 335,888 1,294
Purchase of loans receivable (56,266) (214,988) 0
Net change in loans receivable (1,680,144) (671,581) (1,273,988)
Proceeds from sales of OREO 524 15,220 2,458
Purchase of FHLB stock (21,378) 0 (1,346)
Redemption of FHLB stock 19,998 0 3,503
Purchase of premises and equipment (9,111) (7,220) (4,973)
Proceeds from BOLI death benefits 1,215 1,283 970
Investments in affordable housing partnerships (3,903) (4,368) (13,333)
Net cash used in investing activities (1,473,626) (993,040) (1,834,632)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net change in deposits 698,351 706,538 1,806,548
Proceeds from FHLB advances 23,750,885 2,319,000 1,360,000
Repayment of FHLB advances (23,450,885) (2,269,000) (1,738,584)
Proceeds from FRB borrowings 16,548,000 0 0
Repayment of FRB borrowings (16,283,000) 0 0
Purchase of treasury stock (14,667) (50,000) (36,777)
Cash dividends paid on common stock (67,126) (68,666) (69,182)
Taxes paid in net settlement of restricted stock (3,488) (3,356) (1,277)
Issuance of additional stock pursuant to various stock plans 531 0 0
Net cash provided by financing activities 1,178,601 634,516 1,320,728
NET CHANGE IN CASH AND CASH EQUIVALENTS 190,510 (34,313) (347,988)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 316,266 350,579 698,567
CASH AND CASH EQUIVALENTS, END OF PERIOD 506,776 316,266 350,579
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Interest paid 113,148 62,081 144,234
Income taxes paid 96,398 42,201 49,220
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES      
Transfer from loans receivable to OREO 938 0 2,928
Transfer from loans receivable to loans held for sale 311,535 472,598 1,243
Transfer from loans held for sale to loans receivable 12,021 19,625 2,933
Transfer from investment securities available for sale to held to maturity, at fair value 238,966 0 0
Lease liabilities arising from obtaining right-of-use assets $ 16,977 $ 965 $ 0