XML 140 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income (loss) before attribution of noncontrolling interest $ 110,311 $ (1,722) $ 51,334
Adjustments to reconcile net (loss) income to net cash provided by operating activities      
Reversal of (provision for) loan losses (16,500) 88,620 (3,150)
Net premium amortization on securities 12,596 14,868 14,299
Depreciation and amortization 7,269 9,385 7,094
Stock-based compensation expense 4,782 2,307 6,365
Change in cash surrender value of bank owned life insurance (5,459) (5,695) (5,710)
Securities gains, net (3,740) (26,990) (2,605)
Gains on sale of loans, net (4,276) 0 0
Net gain on sale of headquarters building (62,387) 0 0
Net loss (gain) on sale of premises and equipment 71 1,729 (2,795)
Deferred taxes and others 6,000 (11,513) 525
Loss on early extinguishment of advances from the FHLB, net 2,488 73 886
Proceeds from sales and repayments of mortgage loans originated for sale (at fair value) 20,859 0 0
Originations of mortgage loans originated for sale (at fair value) (35,108) 0 0
Net changes in operating assets and liabilities      
Accrued interest receivable and other assets (4,432) (446) 15,426
Account payable, accrued liabilities and other liabilities 34,957 (13,369) (3,277)
Net cash provided by operating activities 67,431 57,247 78,392
Purchases of investment securities:      
Available for sale (425,864) (399,202) (445,892)
Held to maturity (100,403) 0 0
Federal Home Loan Bank stock (4,565) (9,843) (43,232)
Equity securities with readily determinable fair value not held for trading 0 (29) 0
Purchases of investment securities (530,832) (409,074) (489,124)
Maturities, sales, calls, paydowns and redemptions of investment securities:      
Available for sale 446,436 781,983 497,709
Held to maturity 39,695 15,056 10,747
Federal Home Loan Bank stock 22,110 18,742 40,487
Equity securities with readily determinable fair value not held for trading 23,470 0 0
Maturities, sales, calls and paydowns of investment securities 531,711 815,781 548,943
Net proceeds from sale of headquarters building 132,360 0 0
Net decrease (increase) in loans 93,321 (199,910) (98,262)
Proceeds from loan portfolio sales 166,329 71,639 267,765
Purchases of premises and equipment (6,577) (5,573) (14,262)
Proceeds from sales of premises and equipment and others 44 13,476 5,173
Cash paid in business acquisition, net (1,037) 0 (14,390)
Net cash provided by investing activities 385,319 286,339 205,843
Cash flows from financing activities      
Net increase (decrease) in demand, savings and money market accounts 602,950 353,277 (308,751)
Net (decrease) increase in time deposits (703,722) (378,777) 18,822
Proceeds from advances from the Federal Home Loan Bank 485,500 750,000 1,800,000
Repayments of advances from the Federal Home Loan Bank (729,618) (935,073) (1,731,886)
Proceeds from issuance of Senior Notes, net of issuance costs 0 58,412 0
Repayments of Subordinated Debt 0 (28,068) (25,864)
Proceeds from common stock issued - Class A 0 0 29,218
Repurchase of common stock - Class A (36,332) 0 0
Repurchase of common stock - Class B (9,563) (69,378) (28,465)
Common stock surrendered (2,143) (917) (1,695)
Net cash used in financing activities (392,928) (250,524) (248,621)
Net increase in cash and cash equivalents 59,822 93,062 35,614
Cash and cash equivalents      
Beginning of period 214,386 121,324 85,710
End of period 274,208 214,386 121,324
Supplemental disclosures of cash flow information      
Cash paid for Interest 46,327 73,349 99,958
Cash paid for Income taxes 14,538 10,576 7,544
Initial recognition of operating lease right-of-use assets 55,670 0 0
Initial recognition of operating lease liabilities 56,024 0 0
Right-of-use assets obtained in exchange for new lease obligations 91,797 0 0
Noncash investing activities:      
Loans held for investment transferred to loans held for sale 256,154 0 0
Net transfers from premises and equipments to operating lease right-of-use assets 69,931 0 0
Loans transferred to other assets $ 9,400 $ 400 $ 42