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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 59,462 $ 225,877
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for (reversal of) credit losses 5,451 (33,829)
Depreciation, amortization and accretion, net 14,171 10,531
Deferred income taxes 2,585 2,380
Other, net 7,296 10,077
Net change in securities purchased under agreements to resell (21,667) (122,319)
Net change in trading securities 54,725 11,772
Net change in broker-dealer and clearing organization receivables 893,304 (190,385)
Net change in other assets (1,432) (45,972)
Net change in broker-dealer and clearing organization payables (629,481) 44,751
Net change in other liabilities (40,489) (105,218)
Net change in securities sold, not yet purchased 39,382 53,161
Proceeds from sale of mortgage servicing rights asset 1,876 84,633
Change in valuation of mortgage servicing rights asset (18,064) (15,273)
Net gains from sales of loans (208,437) (466,705)
Loans originated for sale (8,206,551) (13,539,646)
Proceeds from loans sold 8,793,501 13,750,233
Net cash provided by (used in) operating activities 745,632 (325,932)
Investing Activities    
Proceeds from maturities and principal reductions of securities held to maturity 39,631 22,887
Proceeds from sales, maturities and principal reductions of securities available for sale 190,943 385,411
Purchases of securities held to maturity (6,254)  
Purchases of securities available for sale (470,617) (764,283)
Purchases of equity securities (30)  
Net change in loans held for investment (316,887) 249,069
Purchases of premises and equipment and other assets (4,559) (16,696)
Proceeds from sales of premises and equipment and other real estate owned 1,803 3,263
Net cash paid to Federal Home Loan Bank and Federal Reserve Bank stock (144) (72)
Net cash used in investing activities (566,114) (120,421)
Financing Activities    
Net change in deposits (810,292) 517,962
Net change in short-term borrowings (37,200) 220,024
Proceeds from notes payable 412,421 488,341
Payments on notes payable and junior subordinated debentures (410,832) (473,891)
Payments to repurchase common stock (442,336) (49,471)
Dividends paid on common stock (23,767) (19,754)
Net cash distributed to noncontrolling interest (2,661) (7,086)
Other, net (5,363) (2,586)
Net cash provided by (used in) financing activities (1,320,030) 673,539
Net change in cash, cash equivalents and restricted cash (1,140,512) 227,186
Cash, cash equivalents and restricted cash, beginning of period 3,045,263 1,353,303
Cash, cash equivalents and restricted cash, end of period 1,904,751 1,580,489
Supplemental Disclosures of Cash Flow Information    
Cash paid for interest 42,273 69,479
Cash paid for income taxes, net of refunds 6,840 55,498
Supplemental Schedule of Non-Cash Activities    
Conversion of loans to other real estate owned 179 1,805
Additions to mortgage servicing rights 18,510 $ 50,115
Carrying amount of AFS securities transferred to HTM, net of $70,435 unrealized loss $ 686,840