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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 (loss) before attribution of noncontrolling interest $ 61,963 $ 110,311 $ (1,722)
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Provision for (reversal of) credit losses 13,945 (16,500) 88,620
Net premium amortization on securities 8,537 12,596 14,868
Depreciation and amortization 5,883 7,269 9,385
Stock-based compensation expense 5,788 4,782 2,307
Change in cash surrender value of bank owned life insurance (5,406) (5,459) (5,695)
Securities losses (gains), net 3,689 (3,740) (26,990)
Derivative gains, net (455) 0 0
Loss (gain) on sale of loans, net 320 (4,276) 0
Net gain on sale of headquarters building 0 (62,387) 0
Net loss (gain) on sale of premises and equipment 0 71 1,729
Deferred taxes and others 5,157 6,000 (11,513)
(Gain) loss on early extinguishment of advances from the FHLB, net (10,678) 2,488 73
Proceeds from sales and repayments of mortgage loans originated for sale (at fair value) 143,082 20,859 0
Originations and purchases of mortgage loans originated for sale (at fair value) (286,715) (35,108) 0
Net changes in operating assets and liabilities      
Accrued interest receivable and other assets (15,348) (4,432) (446)
Account payable, accrued liabilities and other liabilities 21,078 34,957 (13,369)
Net cash (used in) provided by operating activities (49,160) 67,431 57,247
Purchases of investment securities:      
Available for sale (266,667) (425,864) (399,202)
Held to maturity (140,028) (100,403) 0
Federal Home Loan Bank stock (38,044) (4,565) (9,843)
Equity securities with readily determinable fair value not held for trading (12,656) 0 (29)
Purchases of investment securities (457,395) (530,832) (409,074)
Maturities, sales, calls, paydowns and redemptions of investment securities:      
Available for sale 246,394 446,436 781,983
Held to maturity 15,354 39,695 15,056
Federal Home Loan Bank stock 29,964 22,110 18,742
Equity securities with readily determinable fair value not held for trading 252 23,470 0
Maturities, sales, calls and paydowns of investment securities 291,964 531,711 815,781
Net proceeds from sale of headquarters building 0 132,360 0
Net (increase) decrease in loans (1,311,608) 93,321 (199,910)
Proceeds from loan portfolio sales 84,029 166,329 71,639
Purchases of premises and equipment (10,629) (6,577) (5,573)
Proceeds from sales of premises and equipment 0 28 13,476
Proceeds from sales of other real estate owned 6,393 16 0
Cash paid in business acquisition, net 0 (1,037) 0
Net cash (used in) provided by investing activities (1,397,246) 385,319 286,339
Cash flows from financing activities      
Net increase in demand, savings and money market accounts 1,022,913 602,950 353,277
Net increase (decrease) in time deposits 390,415 (703,722) (378,777)
Proceeds from advances from the Federal Home Loan Bank 1,130,000 485,500 750,000
Repayments of advances from the Federal Home Loan Bank (1,024,322) (729,618) (935,073)
Proceeds from issuance of subordinated notes, net of issuance costs 29,146 0 0
Proceeds from issuance of Senior Notes, net of issuance costs 0 0 58,412
Redemption of junior subordinated debentures 0 0 (28,068)
Repurchase of common stock - Class A (72,060) (36,332) 0
Dividends paid (12,230) 0 0
Repurchase of common stock - Class B 0 (9,563) (69,378)
Common stock surrendered (1,063) (2,143) (917)
Net cash provided by (used in) financing activities 1,462,799 (392,928) (250,524)
Net increase in cash and cash equivalents and restricted cash 16,393 59,822 93,062
Cash and cash equivalents and restricted cash      
Beginning of period 274,208 214,386 121,324
End of period 290,601 274,208 214,386
Supplemental disclosures of cash flow information      
Cash paid for Interest 67,295 46,327 73,349
Cash paid for Income taxes 27,537 14,538 10,576
Initial recognition of operating lease right-of-use assets 0 55,670 0
Initial recognition of operating lease liabilities 0 56,024 0
Right-of-use assets obtained in exchange for new lease obligations 8,887 91,797 0
Noncash investing activities:      
Mortgage loans held for sale (at fair value) transferred to loans held for investment 96,233 0 0
Loans held for sale (at lower cost or fair value) transferred to loans held for investment) 65,802 0 0
Loans held for investment transferred to loans held for sale 0 256,154 0
Net transfers from premises and equipments to operating lease right-of-use assets 0 69,931 0
Loans transferred to other assets $ 0 $ 9,400 $ 400