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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income $ 376,913 $ 261,988 $ 161,441
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation 17,225 15,759 13,120
Net losses on sale or disposal of premises and equipment 2,882 777 41
Net write-downs on other assets 260 1,715 6,210
Provision for credit losses (35,365) 145,380 19,758
Net write-downs and losses on sale of other real estate owned 538 1,049 496
Share-based compensation expense 7,948 3,810 3,424
Amortization of intangible assets 14,965 19,612 17,713
Amortization of operating lease right of use assets 15,739 19,740 10,264
Provision for deferred taxes 38,411 (7,929) 22,821
Net amortization of debt securities available-for-sale 2,786 6,153 4,680
Net amortization of debt securities held-to-maturity 40 0 0
Net amortization of other investments 62 0 0
Net gain on securities (515) (5) (138)
Accretion of discount on purchased loans, net (16,349) (27,351) (18,978)
Net amortization on other borrowings 438 256 80
Amortization of subordinated deferrable interest debentures 1,983 1,940 1,655
Loan servicing asset impairment (recovery) (14,530) 40,067 508
Originations of mortgage loans held for sale (7,780,436) (9,067,706) (3,791,311)
Payments received on mortgage loans held for sale 53,313 43,663 17,445
Proceeds from sales of mortgage loans held for sale 7,459,163 9,864,464 2,620,290
Net gains on mortgage loans held for sale (152,422) (387,124) (74,546)
Originations of SBA loans (67,865) (97,017) (41,435)
Proceeds from sales of SBA loans 71,610 109,296 65,862
Net gains on sales of SBA loans (6,623) (7,226) (6,058)
Increase in cash surrender value of bank owned life insurance (5,385) (3,630) (2,692)
Gain on bank owned life insurance proceeds (603) (948) (3,583)
Gains on sale of other loans held for sale (457) 0 0
Loss on sale of loans 0 386 1,233
Changes in FDIC loss-share receivable/payable, net of cash payments received 0 997 3,865
(Increase) decrease in interest receivable 19,337 (23,892) (15,392)
Increase (decrease) in interest payable (1,175) (6,036) 5,855
Increase (decrease) in taxes payable 7,005 (12,062) (3,597)
Change attributable to other operating activities 247 (97,730) 40,758
Net cash provided by (used in) operating activities 9,140 798,396 (940,211)
Investing Activities, net of effects of business combinations      
Proceeds from maturities of time deposits in other banks 249 0 10,563
Purchases of securities available-for-sale 0 0 (219,352)
Purchases of securities held-to-maturity (80,355) 0 0
Proceeds from prepayments and maturities of securities available-for-sale 364,907 435,204 266,171
Proceeds from prepayments and maturities of securities held-to-maturity 465 0 0
Proceeds from sale of securities available-for-sale 0 0 64,995
Net decrease (increase) in other investments (18,897) 37,222 (44,935)
Net increase in loans (566,237) (1,733,057) (870,132)
Payments received on other loans held for sale 9,136 12,954 0
Purchase of acquired formerly serviced portfolio 0 0 (103,530)
Purchases of premises and equipment (25,448) (18,116) (11,581)
Proceeds from sale of premises and equipment 1,958 718 5,587
Proceeds from sales of other real estate owned 11,790 14,059 10,140
Purchase of bank owned life insurance (150,000) 0 0
Payments paid to FDIC under loss-sharing agreements 0 (20,639) (3,710)
Proceeds from bank owned life insurance 1,309 3,381 7,429
Proceeds from sales of other loans held for sale 156,803 0 0
Proceeds from sales of loans 0 69,965 157,087
Net cash proceeds received from (paid in) acquisitions (126,664) (2,417) 244,181
Net cash used in investing activities (420,984) (1,200,726) (487,087)
Financing Activities, net of effects of business combinations      
Net increase in deposits 2,708,021 2,932,864 334,437
Net decrease in securities sold under agreements to repurchase (5,796) (8,994) (22,094)
Proceeds from other borrowings 0 7,202,981 5,236,572
Repayment of other borrowings (296,325) (8,176,491) (4,141,349)
Repayment of subordinated deferrable interest debentures 0 (5,155) 0
Proceeds from exercise of stock options 4,532 2,262 5,139
Dividends paid - common stock (41,798) (41,685) (24,675)
Purchase of treasury shares (9,439) (7,995) (18,410)
Net cash provided by financing activities 2,359,195 1,897,787 1,369,620
Net increase (decrease) in cash, cash equivalents and restricted cash 1,947,351 1,495,457 (57,678)
Cash, cash equivalents and restricted cash at beginning of period 2,117,306 621,849 679,527
Cash, cash equivalents and restricted cash at end of period 4,064,657 2,117,306 621,849
Cash paid during the year for:      
Interest 48,960 94,786 125,373
Income taxes 71,807 98,609 35,865
Loans transferred to other real estate owned 4,258 7,398 6,229
Loans transferred from loans held for sale to loans held for investment 170,435 196,804 0
Loans transferred from loans held for investment to loans held for sale 0 179,407 8,293
Loans provided for the sales of other real estate owned 1,052 767 144
Initial recognition of operating lease right-of-use assets 0 0 27,286
Initial recognition of operating lease liabilities 0 0 29,651
Right-of-use assets obtained in exchange for new operating lease liabilities 12,792 54,107 6,016
Assets acquired in business combination 886,553 0 5,194,955
Liabilities assumed in business combination 690,116 0 4,325,642
Issuance of common stock in acquisition 0 0 869,294
Change in unrealized gain (loss) on securities available-for-sale, net of tax (17,915) 15,363 23,320
Change in unrealized gain on cash flow hedge, net of tax $ 0 $ 147 $ (498)