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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net income $ 261,988 $ 161,441 $ 121,027
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation 15,759 13,120 10,014
Net losses on sale or disposal of premises and equipment 777 41 133
Net write-downs on other assets 1,715 6,210 0
Provision for credit losses 145,380 19,758 16,667
Net write-downs and losses on sale of other real estate owned 1,049 496 1,301
Share-based compensation expense 3,810 3,424 6,241
Amortization of intangible assets 19,612 17,713 9,512
Amortization of operating lease right of use assets 19,740 10,264 0
Provision for deferred taxes (7,929) 22,821 1,374
Net amortization of investment securities available for sale 6,153 4,680 4,891
Net (gain) loss on securities (5) (138) 37
Accretion of discount on purchased loans, net (27,351) (18,978) (10,093)
Net amortization on other borrowings 256 80 96
Amortization of subordinated deferrable interest debentures 1,940 1,655 1,345
Loan servicing asset impairment 40,067 508 0
Originations of mortgage loans held for sale (9,067,706) (3,791,311) (1,768,934)
Payments received on mortgage loans held for sale 43,663 17,445 986
Proceeds from sales of mortgage loans held for sale 9,864,464 2,620,290 1,542,755
Net gains on mortgage loans held for sale (387,124) (74,546) (37,336)
Originations of SBA loans (97,017) (41,435) (27,820)
Proceeds from sales of SBA loans 109,296 65,862 33,675
Net gains on sales of SBA loans (7,226) (6,058) (2,728)
Increase in cash surrender value of bank owned life insurance (3,630) (2,692) (1,819)
Gain on bank owned life insurance proceeds (948) (3,583) 0
Loss on sale of loans 386 1,233 0
Changes in FDIC loss-share receivable/payable, net of cash payments received 997 3,865 5,156
Increase in interest receivable (23,892) (15,392) (10,965)
Increase (decrease) in interest payable (6,036) 5,855 2,411
Increase (decrease) in taxes payable (12,062) (3,597) 4,032
Change attributable to other operating activities (97,730) 40,758 (10,761)
Net cash provided by (used in) operating activities 798,396 (940,211) (108,803)
Investing Activities, net of effects of business combinations      
Proceeds from maturities of time deposits in other banks 0 10,563 746
Purchases of securities available for sale 0 (219,352) (290,649)
Proceeds from prepayments and maturities of securities available for sale 435,204 266,171 152,393
Proceeds from sale of securities available for sale 0 64,995 68,727
Net decrease (increase) in other investments 37,222 (44,935) 33,515
Net increase in loans (1,733,057) (870,132) (68,113)
Payments received on other loans held for sale 12,954 0 0
Purchase of acquired formerly serviced portfolio 0 (103,530) 0
Purchases of premises and equipment (18,116) (11,581) (10,009)
Proceeds from sale of premises and equipment 718 5,587 588
Proceeds from sales of other real estate owned 14,059 10,140 11,784
Payments paid to FDIC under loss-sharing agreements (20,639) (3,710) (3,791)
Proceeds from bank owned life insurance 3,381 7,429 0
Proceeds from sales of loans 69,965 157,087 0
Net cash proceeds received from (paid in) acquisitions (2,417) 244,181 51,495
Net cash used in investing activities (1,200,726) (487,087) (53,314)
Financing Activities, net of effects of business combinations      
Net increase in deposits 2,932,864 334,437 853,051
Net decrease in securities sold under agreements to repurchase (8,994) (22,094) (10,254)
Proceeds from other borrowings 7,202,981 5,236,572 1,530,000
Repayment of other borrowings (8,176,491) (4,141,349) (1,844,258)
Repayment of subordinated deferrable interest debentures (5,155) 0 0
Proceeds from exercise of stock options 2,262 5,139 914
Dividends paid - common stock (41,685) (24,675) (16,405)
Purchase of treasury shares (7,995) (18,410) (2,062)
Net cash provided by financing activities 1,897,787 1,369,620 510,986
Net increase (decrease) in cash and cash equivalents 1,495,457 (57,678) 348,869
Cash and cash equivalents at beginning of period 621,849 679,527 330,658
Cash and cash equivalents at end of period 2,117,306 621,849 679,527
Cash paid during the year for:      
Interest 94,786 125,373 67,523
Income taxes 98,609 35,865 20,026
Loans transferred to other real estate owned 7,398 6,229 10,517
Loans transferred from loans held for sale to loans held for investment 196,804 0 10,817
Loans transferred from loans held for investment to loans held for sale 179,407 8,293 8,831
Loans provided for the sales of other real estate owned 767 144 931
Initial recognition of operating lease right-of-use assets 0 27,286 0
Initial recognition of operating lease liabilities 0 29,651 0
Right-of-use assets obtained in exchange for new operating lease liabilities 54,107 6,016 0
Assets acquired in business combinations 0 5,194,955 3,064,615
Liabilities assumed in business combinations 0 4,325,642 2,415,212
Issuance of common stock in acquisitions 0 869,294 547,127
Change in unrealized gain (loss) on securities available for sale, net of tax 15,363 23,320 (3,266)
Change in unrealized gain on cash flow hedge, net of tax $ 147 $ (499) $ 112