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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net income $ 53,602 $ 39,777
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 34,549 951
Depreciation, amortization and accretion, net 1,883 (2,283)
Net realized losses (gains) on securities (158)  
Net change in fair value of equity securities 59 (24)
Deferred income taxes (2,053) 876
Other, net (2,311) 2,601
Net change in securities purchased under agreements to resell 35,675 (3,594)
Net change in trading securities 295,995 42,171
Net change in broker-dealer and clearing organization receivables 11,768 (124,407)
Net change in other assets (243,683) (534)
Net change in broker-dealer and clearing organization payables (281,891) 119,673
Net change in other liabilities (73,963) (55,210)
Net change in securities sold, not yet purchased (21,049) (12,313)
Proceeds from sale of mortgage servicing rights asset 18,650  
Net gains from sales of loans (150,486) (96,139)
Loans originated for sale (4,256,981) (2,596,880)
Proceeds from loans sold 3,994,119 3,009,282
Net Cash Provided by (Used in) Operating Activities, Continuing Operations, Total (586,275) 323,947
Net cash provided by operating activities for discontinued operations 3,505 2,155
Net cash provided by (used in) operating activities (582,770) 326,102
Investing Activities    
Proceeds from maturities and principal reductions of securities held to maturity 37,624 6,340
Proceeds from sales, maturities and principal reductions of securities available for sale 73,889 30,620
Purchases of securities held to maturity (6,532) (25,243)
Purchases of securities available for sale (119,778) (172,511)
Net change in loans held for investment (19,692) (159,202)
Purchases of premises and equipment and other assets (17,754) (8,454)
Proceeds from sales of premises and equipment and other real estate owned 15,350 5,892
Net cash received from (paid for) Federal Home Loan Bank and Federal Reserve Bank stock 18,685 7,172
Net cash used in investing activities for continuing operations (18,208) (315,386)
Net cash provided by investing activities for discontinued operations 1,794 8,576
Net cash provided by investing activities (16,414) (306,810)
Financing Activities    
Net change in deposits 850,829 (162,408)
Net change in short-term borrowings (94,062) (151,282)
Proceeds from notes payable 273,386 134,639
Payments on notes payable (285,639) (138,160)
Payments to repurchase common stock (14,957)  
Dividends paid on common stock (8,158) (7,464)
Net cash received from (distributed to) noncontrolling interest (2,701) (1,810)
Taxes paid on employee stock awards netting activity (469) (723)
Other, net (155) (69)
Net cash provided by financing activities 718,074 (327,277)
Net change in cash, cash equivalents and restricted cash 118,890 (307,985)
Cash, cash equivalents and restricted cash, beginning of period 642,789 778,466
Cash, cash equivalents and restricted cash, end of period 761,679 470,481
Supplemental Disclosures of Cash Flow Information    
Cash paid for interest 37,041 39,297
Cash paid for income taxes, net of refunds 1,771 (270)
Supplemental Schedule of Non-Cash Activities    
Derecognition of construction in progress related to build-to-suit lease obligations   29,195
Conversion of loans to other real estate owned 182 1,578
Additions to mortgage servicing rights $ 4,475 $ 1,861