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Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 64,228 $ 99,372
Adjustments to reconcile to net cash provided by operating activities:    
Provision for credit losses 57,656 6,875
Depreciation and amortization 13,730 11,627
Net amortization of securities premiums and discounts (240) (3,764)
Realized securities losses (gains) 545 (821)
Gain on sales of loans (4,215) (2,530)
Cash receipts from the sale of loans originated for sale 297,690 164,319
Cash disbursements for loans originated for sale (309,623) (169,740)
Deferred income tax benefit (8,664) (752)
Gain on sale of other assets (2,308) (454)
(Increase)/decrease in interest receivable (1,084) 1,243
(Decrease)/increase in interest payable (1,286) 235
Amortization of stock-based compensation arrangements 1,265 888
Excess tax benefit from stock-based compensation arrangements (219) (288)
Other, net 3,781 6,255
Net cash provided by operating activities 111,256 112,465
INVESTING ACTIVITIES    
Net cash received from acquisitions, net of cash paid 18,397 77,672
Net (decrease)/increase in federal funds sold 1,000 (300)
Purchases of held for investment securities (1,395) (1,010)
Purchases of available for sale securities (455,069) (99,093)
Proceeds from maturities, calls and paydowns of held for investment securities 554 527
Proceeds from maturities, calls and paydowns of available for sale securities 357,845 369,073
Purchase of equity securities (624) (2,806)
Proceeds from paydowns and sales of equity securities 445 1,897
Net change in loans (955,531) (250,095)
Purchases of premises, equipment and computer software (48,317) (19,865)
Purchase of tax credits (731) (7,180)
Other, net 6,565 4,587
Net cash (used in) provided by investing activities (1,076,861) 73,407
FINANCING ACTIVITIES    
Net change in deposits 967,250 121,260
Net change in short-term borrowings (800) (1,075)
Proceeds from long-term borrowings 3,000  
Paydown of long-term borrowings (3,000)  
Issuance of common stock in connection with stock options, net 857 913
Common stock acquired (3,098)  
Cash dividends paid (31,361) (29,359)
Net cash provided by financing activities 932,848 91,739
Net (decrease)/increase in cash, due from banks and interest-bearing deposits (32,757) 277,611
Cash, due from banks and interest-bearing deposits at the beginning of the period 1,868,281 1,424,255
Cash, due from banks and interest-bearing deposits at the end of the period 1,835,524 1,701,866
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 18,741 42,100
Cash paid during the period for income taxes 22,025 26,775
Noncash investing and financing activities:    
Cash consideration for acquisitions 2,861 123,457
Fair value of assets acquired in acquisitions 47,838 729,365
Liabilities assumed in acquisitions 45,040 605,908
Unpaid common stock dividends declared $ 11,105 $ 10,445