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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 107,172 $ (111,033)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,083 7,880
Provision for credit losses (4,911) 246,793
(Gain) loss on other real estate and foreclosed assets (253) 10,550
Gain on sale of securities   (112)
Deferred tax expense (benefit) 2,300 (34,279)
Increase in cash surrender value of life insurance contracts (9,400) (646)
Net (increase) decrease in loans held for sale 8,031 (5,709)
Net amortization of securities premium/discount 13,211 9,349
Amortization of intangible assets 4,419 5,345
Stock-based compensation expense 5,517 5,583
Net change in liability from variation margin collateral 56,744 (105,921)
Decrease in interest payable and other liabilities (23,472) (18,641)
Decrease in other assets 98,052 9,887
Other, net (9,453) (7,521)
Net cash provided by operating activities 255,040 11,525
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of available for sale securities   124,122
Proceeds from maturities of securities available for sale 311,232 166,265
Purchases of securities available for sale (1,164,798) (367,944)
Proceeds from maturities of securities held to maturity 37,830 84,176
Purchases of securities held to maturity (59,362)  
Net increase in short-term investments (1,005,325) (766,085)
Proceeds from sales of loans and leases 7,373 2,608
Net (increase) decrease in loans 101,924 (339,888)
Purchase of life insurance contracts (45,000)  
Proceeds from the surrender of life insurance contracts 44,045  
Purchases of property and equipment (4,269) (9,460)
Proceeds from sales of other real estate 4,191 3,007
Other, net 5,809 (1,731)
Net cash used in investing activities (1,766,350) (1,104,930)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 1,512,643 1,204,921
Net decrease in short-term borrowings (14,766) (41,589)
Proceeds from the issuance of long-term debt 22,388  
Repayments of long-term debt (3,209) (76)
Dividends paid (24,021) (24,028)
Payroll tax remitted on net share settlement of equity awards (494) (1,494)
Proceeds from exercise of stock options 132  
Proceeds from dividend reinvestment and stock purchase plans 1,004 984
Settlement of forward contract portion of accelerated share repurchase   12,110
Repurchase of shares   (12,716)
Net cash provided by financing activities 1,493,677 1,138,112
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS (17,633) 44,707
CASH AND DUE FROM BANKS, BEGINNING 526,306 432,104
CASH AND DUE FROM BANKS, ENDING 508,673 476,811
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 1,799 $ 1,612