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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income $ 264,319 $ 294,969
Adjustments reconciling net income to net cash provided by (used in) operating activities:    
Depreciation 13,808 12,864
Net losses on sale or disposal of premises and equipment 92 3,200
Net write-downs on other assets 0 260
Provision for credit losses 38,807 (38,124)
Net write-downs and (gains) losses on sale of other real estate owned (1,773) (581)
Share-based compensation expense 4,859 5,884
Amortization of intangible assets 15,035 11,578
Amortization of operating lease right of use assets 8,783 12,389
Provision for deferred taxes (21,699) 32,074
Net amortization of investment securities available-for-sale 407 2,534
Net amortization of investment securities held-to-maturity 71 14
Net amortization of other investments 556 0
Net gain on securities (200) (519)
Accretion of discount on purchased loans, net (30) (13,537)
Net amortization on other borrowings 324 330
Amortization of subordinated deferrable interest debentures 1,495 1,485
Loan servicing asset recovery (21,824) (9,990)
Originations of mortgage loans held for sale (3,265,190) (6,231,286)
Payments received on mortgage loans held for sale 21,657 38,178
Proceeds from sales of mortgage loans held for sale 3,919,672 5,752,055
Net (gains) losses on sale of mortgage loans held for sale 83,975 (126,533)
Originations of SBA loans (44,664) (51,155)
Proceeds from sales of SBA loans 53,961 54,861
Net gains on sale of SBA loans (5,191) (5,059)
Increase in cash surrender value of bank owned life insurance (5,433) (3,628)
Gain on bank owned life insurance proceeds (55) (603)
Net gains on other loans held for sale 0 (457)
Loss on sale of mortgage servicing rights 316 0
Change attributable to other operating activities 711 1,244
Net cash provided by (used in) operating activities 1,062,789 (257,553)
Investing Activities, net of effects of business combinations    
Proceeds from maturities of time deposits in other banks 0 249
Purchases of securities available-for-sale (894,260) 0
Purchases of investment securities held-to-maturity (52,111) (64,517)
Proceeds from maturities and paydowns of securities available-for-sale 147,291 281,244
Proceeds from maturities and paydowns of securities held-to-maturity 1,676 52
Net (increase) decrease in other investments (13,364) 1,102
Net increase in loans (2,764,936) (215,289)
Purchases of premises and equipment (11,307) (21,990)
Proceeds from sale of premises and equipment 46 993
Proceeds from sales of other real estate owned 5,086 10,141
Proceeds from sale of mortgage servicing rights 119,845 0
Purchases of bank owned life insurance (50,000) (100,000)
Proceeds from bank owned life insurance 101 1,309
Payments received on other loans held for sale 0 9,136
Proceeds from sales of other loans held for sale 0 156,803
Net cash and cash equivalents paid in acquisitions (14,003) 0
Net cash provided by (used in) investing activities (3,525,936) 59,233
Financing Activities, net of effects of business combinations    
Net increase (decrease) in deposits (198,634) 1,875,666
Net decrease in securities sold under agreements to repurchase (5,845) (7,139)
Proceeds from other borrowings 350,000 0
Repayment of other borrowings (364,539) (110)
Proceeds from exercise of stock options 2,324 4,499
Dividends paid - common stock (31,227) (31,354)
Purchase of treasury shares (22,421) (8,108)
Net cash provided by (used in) financing activities (270,342) 1,833,454
Net increase (decrease) in cash, cash equivalents and restricted cash (2,733,489) 1,635,134
Cash, cash equivalents and restricted cash at beginning of period 4,064,657 2,117,306
Cash, cash equivalents and restricted cash at end of period 1,331,168 3,752,440
Cash paid during the period for:    
Interest 42,040 35,389
Income taxes 82,551 55,651
Loans transferred to other real estate owned 346 2,274
Loans transferred from loans held for sale to loans held for investment 192,425 134,941
Loans provided for the sales of other real estate owned 2,288 1,052
Right-of-use assets obtained in exchange for new operating lease liabilities 1,537 10,270
Assets acquired in business acquisitions 10,641 0
Liabilities assumed in business acquisitions (3,362) 0
Change in unrealized loss on securities available-for-sale, net of tax $ (66,324) $ (11,620)