XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities    
Net income $ 149,604 $ 74,345
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 14,068 15,053
Amortization of other intangible assets 5,984 7,388
Amortization of tax credit investments 3,015 5,802
Net premium amortization on investment securities 7,526 10,145
Accretion income related to acquired loans (9,781) (12,406)
Share-based compensation expense 3,563 4,228
Provision for credit losses (22,285) 39,495
Debt securities (gains) losses, net (2,685) (5,685)
Net (gains) losses on sales of loans and other assets (18,202) 7,760
Increase in cash surrender value of company-owned life insurance (5,497) (6,048)
Residential real estate loans originated for sale (645,624) (672,393)
Proceeds from sales of residential real estate loans 677,888 602,671
(Increase) decrease in interest receivable (288) 737
(Increase) decrease in other assets 40,951 (88,376)
Increase (decrease) in accrued expenses and other liabilities (33,062) (19,284)
Net cash flows provided by (used in) operating activities 165,175 (36,568)
Cash Flows From Investing Activities    
Purchases of investment securities available-for-sale (1,801,957) (1,154,055)
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock 0 (10,025)
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 820,305 948,093
Proceeds from sales of investment securities available-for-sale 67,715 256,438
Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock 44 21
Proceeds from sales of equity securities 325 956
Loan originations and payments, net 11,924 (1,488,360)
Proceeds from company-owned life insurance death benefits 2,042 1,899
Proceeds from sales of premises and equipment and other assets 7,632 6,363
Purchases of premises and equipment and other assets (34,411) (18,714)
Net cash flows provided by (used in) investing activities (926,381) (1,457,384)
Net increase (decrease) in:    
Deposits 831,458 1,766,049
Federal funds purchased and interbank borrowings 357 (349,613)
Securities sold under agreements to repurchase (35,037) 39,962
Other borrowings 12,428 (5,407)
Payments for maturities of Federal Home Loan Bank advances (145,005) (250,005)
Payments for modification of Federal Home Loan Bank advances (2,156) 0
Proceeds from Federal Home Loan Bank advances 50,000 455,770
Cash dividends paid on common stock (46,397) (46,648)
Common stock repurchased (3,305) (82,295)
Common stock issued 282 296
Net cash flows provided by (used in) financing activities 662,625 1,528,109
Net increase (decrease) in cash and cash equivalents (98,581) 34,157
Cash and cash equivalents at beginning of period 589,712 276,337
Cash and cash equivalents at end of period 491,131 310,494
Supplemental cash flow information:    
Total interest paid 22,368 42,278
Total taxes paid (net of refunds) 3,526 1,999
Investment securities purchased but not settled 8,046 36,681
Operating lease right-of-use assets obtained in exchange for lease obligations 499 (992)
Finance lease right-of-use assets obtained in exchange for lease obligations $ 4,994 $ 5,225