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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income $ 189,017 $ 99,568
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 100,575 279
Depreciation, amortization and accretion, net 8,111 (1,612)
Net change in fair value of equity securities 44 (16)
Deferred income taxes 742 1,824
Other, net 600 5,168
Net change in securities purchased under agreements to resell (102,426) 10,951
Net change in trading securities 41,539 143,942
Net change in broker-dealer and clearing organization receivables 711,290 (258,976)
Net change in other assets (136,942) (5,525)
Net change in broker-dealer and clearing organization payables (364,631) 138,310
Net change in other liabilities 30,443 (11,544)
Net change in securities sold, not yet purchased 11,523 (36,220)
Proceeds from sale of mortgage servicing rights asset 18,650  
Net gains from sales of loans (445,803) (227,312)
Loans originated for sale (11,035,100) (6,783,246)
Proceeds from loans sold 10,870,200 6,790,418
Net cash used in operating activities for continuing operations (102,168) (133,991)
Net cash provided by (used in) operating activities for discontinued operations (28,533) 3,357
Net cash used in operating activities (130,701) (130,634)
Investing Activities    
Proceeds from maturities and principal reductions of securities held to maturity 49,918 25,726
Proceeds from sales, maturities and principal reductions of securities available for sale 194,336 67,064
Purchases of securities held to maturity (7,080) (40,789)
Purchases of securities available for sale (357,307) (191,108)
Net change in loans held for investment (632,976) (267,006)
Purchases of premises and equipment and other assets (21,005) (14,935)
Proceeds from sales of premises and equipment and other real estate owned 17,591 9,777
Net cash received from (paid to) Federal Home Loan Bank and Federal Reserve Bank stock 22,905 (11,301)
Net cash used in investing activities for continuing operations (733,618) (422,572)
Net cash provided by investing activities for discontinued operations 1,941 11,635
Net cash received from disposal of discontinued operations 84,763  
Net cash used in investing activities (646,914) (410,937)
Financing Activities    
Net change in deposits 2,535,125 25,579
Net change in short-term borrowings (703,846) 273,086
Proceeds from notes payable 860,484 365,270
Payments on notes payable (666,681) (362,255)
Payments to repurchase common stock (15,249) (24,980)
Dividends paid on common stock (16,279) (14,983)
Net cash distributed to noncontrolling interest (6,889) (2,870)
Taxes paid on employee stock awards netting activity (1,025) (1,734)
Other, net (311) (215)
Net cash provided by financing activities 1,985,329 256,898
Net change in cash, cash equivalents and restricted cash 1,207,714 (284,673)
Cash, cash equivalents and restricted cash, beginning of period 642,789 778,466
Cash, cash equivalents and restricted cash, end of period 1,850,503 493,793
Supplemental Disclosures of Cash Flow Information    
Cash paid for interest 64,621 80,880
Cash paid for income taxes, net of refunds 5,976 12,504
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 12,455 2,931
Additions to mortgage servicing rights $ 63,915 $ 4,408