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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 $ 175,892 $ 83,651 $ 167,596
Adjustments to reconcile net income to net cash provided by operating activities:      
(Recovery of) provision for credit losses (1,668) 86,850 7,050
Depreciation, amortization and accretion 47,350 34,633 8,185
Deferred income tax expense (benefit) 11,411 (13,662) 20,041
Funding of mortgage loans held for sale (4,059,927) (4,479,421) (2,381,178)
Proceeds from sales of mortgage loans held for sale 4,116,106 4,530,328 2,328,607
Gains on sales of mortgage loans held for sale (82,399) (150,406) (45,854)
Valuation adjustment to mortgage servicing rights (13,561) 11,726 1,836
Gains on sales of securities (2,170) (46) (348)
Debt prepayment penalty 6,123 121 54
(Gains) losses on sales of premises and equipment (840) 38 (881)
Stock-based compensation 10,074 10,577 10,196
Net change in other loans held for sale 0 0 59,885
(Increase) decrease in other assets (20,812) (59,224) 683
(Decrease) increase in other liabilities (42,920) 27,077 (12,249)
Net cash provided by operating activities 142,659 82,242 163,623
Investing activities      
Purchases of securities available for sale (2,107,934) (515,657) (492,018)
Proceeds from sales of securities available for sale 176,455 44,906 212,485
Proceeds from call/maturities of securities available for sale 458,020 437,981 262,287
Purchases of securities held to maturity (52,135) 0 0
Proceeds from call/maturities of securities held to maturity 2,246 0 0
Net decrease (increase) in loans 910,063 (1,233,232) (465,182)
Purchases of premises and equipment (20,516) (28,270) (34,966)
Proceeds from sales of premises and equipment 9,813 0 3,728
Purchase of bank-owned life insurance (50,000) 0 0
Net change in FHLB stock 3,980 18,840 (11,315)
Proceeds from sales of other assets 6,342 8,438 18,404
Net cash paid in acquisition 0 0 (250)
Other, net 3,663 1,446 917
Net cash used in investing activities (660,003) (1,265,548) (505,910)
Financing activities      
Net increase in noninterest-bearing deposits 1,033,076 1,133,278 233,064
Net increase (decrease) in interest-bearing deposits 813,567 712,781 (147,139)
Net (decrease) increase in short-term borrowings (7,393) (467,872) 101,385
Proceeds from long-term debt 197,061 98,266 150,000
Repayment of long-term debt (202,873) (171) (35,359)
Cash paid for dividends (50,017) (50,134) (50,901)
Repurchase of shares in connection with stock repurchase program (21,315) (24,569) (62,944)
Net cash provided by financing activities 1,762,106 1,401,579 188,106
Net increase (decrease) in cash and cash equivalents 1,244,762 218,273 (154,181)
Cash and cash equivalents at beginning of year 633,203 414,930 569,111
Cash and cash equivalents at end of year 1,877,965 633,203 414,930
Supplemental disclosures      
Cash paid for interest 45,745 73,686 98,396
Cash paid for income taxes 50,977 39,989 26,727
Noncash transactions:      
Transfers of loans to other real estate 3,180 8,588 4,764
Financed sales of other real estate owned 577 148 611
Recognition of operating right-of-use assets 8,142 9,393 91,181
Recognition of operating lease liabilities 8,142 9,393 94,700
Available for sale securities transferred to held to maturity securities 366,886 0 0
Mortgage Receivable      
Noncash transactions:      
Transfers of mortgage loans held for sale to loans held for investment 0 0 189
Loans Receivable      
Noncash transactions:      
Transfers of mortgage loans held for sale to loans held for investment $ 0 $ 0 $ 134,335