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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net income $ 269,105 $ 346,540 $ 376,913
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation 19,112 18,416 17,225
Net (gains) losses on sale or disposal of premises and equipment (1,658) 156 2,882
Net write-downs on other assets 0 0 260
Provision for credit losses 142,656 71,697 (35,365)
Net write-downs and (gains) losses on sale of other real estate owned (1,595) (1,773) 538
Share-based compensation expense 9,950 6,706 7,948
Amortization of intangible assets 18,244 19,744 14,965
Amortization of operating lease right of use assets 11,363 12,639 15,739
Provision for deferred taxes (20,468) (35,677) 38,411
Net (accretion) amortization of debt securities available-for-sale (5,616) (644) 2,786
Net (accretion) amortization of debt securities held-to-maturity (187) 37 40
Net amortization of other investments 1,091 722 62
Net loss (gain) on securities 304 (203) (515)
Accretion of discount on purchased loans, net (910) 285 (16,349)
Net amortization on other borrowings 843 433 438
Amortization of subordinated deferrable interest debentures 1,993 1,994 1,983
Loan servicing asset impairment (recovery) 0 (21,824) (14,530)
Originations of mortgage loans held for sale (3,620,664) (3,949,676) (7,780,436)
Payments received on mortgage loans held for sale 15,269 23,324 53,313
Proceeds from sales of mortgage loans held for sale 3,695,259 4,493,742 7,459,163
Net (gains) losses on mortgage loans held for sale 2,072 93,133 (152,422)
Originations of SBA loans (27,410) (46,479) (67,865)
Proceeds from sales of SBA loans 30,462 57,171 71,610
Net gains on sales of SBA loans (1,557) (5,552) (6,623)
Increase in cash surrender value of bank owned life insurance (8,777) (7,305) (5,385)
Gain on bank owned life insurance proceeds (486) (55) (603)
Gains on sale of other loans held for sale 0 0 (457)
Gain on sale of mortgage servicing rights 0 (1,356) 0
Gain on debt redemption (1,148) 0 0
(Increase) decrease in interest receivable (9,662) (20,125) 19,337
Increase (decrease) in interest payable 26,946 6,217 (1,175)
Increase (decrease) in taxes payable 2,271 5,177 7,005
Change attributable to other operating activities 22,157 (4,991) 247
Net cash provided by operating activities 568,959 1,062,473 9,140
Investing Activities, net of effects of business combinations      
Proceeds from maturities of time deposits in other banks 0 0 249
Purchases of securities available-for-sale (30,548) (1,172,323) 0
Purchases of securities held-to-maturity (8,543) (57,408) (80,355)
Proceeds from prepayments and maturities of securities available-for-sale 142,082 186,849 364,907
Proceeds from prepayments and maturities of securities held-to-maturity 2,082 2,357 465
Proceeds from sale of securities available-for-sale 5,141 0 0
Net (increase) decrease in other investments 38,112 (63,959) (18,897)
Net increase in loans (485,459) (3,345,287) (566,237)
Payments received on other loans held for sale 0 0 9,136
Purchase of loan pool 0 (472,266) 0
Proceeds from sale of mortgage servicing rights 0 119,845 0
Purchases of premises and equipment (17,531) (13,568) (25,448)
Proceeds from sale of premises and equipment 3,925 46 1,958
Proceeds from sales of other real estate owned 10,655 5,086 11,790
Purchase of bank owned life insurance 0 (50,000) (150,000)
Proceeds from bank owned life insurance 1,890 101 1,309
Proceeds from sales of other loans held for sale 0 0 156,803
Net cash proceeds paid in acquisitions 0 (14,003) (126,664)
Net cash used in investing activities (338,194) (4,874,530) (420,984)
Financing Activities, net of effects of business combinations      
Net increase (decrease) in deposits 1,245,771 (202,815) 2,708,021
Net decrease in securities sold under agreements to repurchase 0 (5,845) (5,796)
Proceeds from other borrowings 15,842,000 3,950,000 0
Repayment of other borrowings (17,207,845) (2,814,576) (296,325)
Proceeds from exercise of stock options 476 2,799 4,532
Dividends paid - common stock (41,649) (41,610) (41,798)
Purchase of treasury shares (20,346) (22,421) (9,439)
Net cash provided by (used in) financing activities (181,593) 865,532 2,359,195
Net increase (decrease) in cash, cash equivalents and restricted cash 49,172 (2,946,525) 1,947,351
Cash, cash equivalents and restricted cash at beginning of period 1,118,132 4,064,657 2,117,306
Cash, cash equivalents and restricted cash at end of period 1,167,304 1,118,132 4,064,657
Cash paid during the year for:      
Interest 418,445 86,643 48,960
Income taxes 101,328 133,894 71,807
Loans transferred to other real estate owned 14,416 346 4,258
Loans transferred from loans held for sale to loans held for investment 0 196,891 170,435
Loans provided for the sales of other real estate owned 0 2,288 1,052
Right-of-use assets obtained in exchange for new operating lease liabilities 2,827 7,226 12,792
Assets acquired in business combination 0 3,216 886,553
Liabilities assumed in business combination 0 (10,787) 690,116
Change in unrealized gain (loss) on securities available-for-sale, net of tax $ 10,568 $ (62,097) $ (17,915)