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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Cash Flow From Operating Activities                  
Net income $ 148,718 $ 45,838 $ 84,661 $ 86,686 $ 194,555 $ 171,347      
Adjustments to reconcile net income to net cash provided by (used in) operating activities                  
Provision for credit losses 61,000   8,000   114,001 14,000      
Depreciation and amortization         29,119 28,810      
Addition to (recovery of) valuation allowance on mortgage servicing rights, net         17,029 146      
Amortization of mortgage servicing rights         10,043 5,448      
Amortization of other intangible assets 2,872   2,324   5,686 4,551      
Amortization and accretion on earning assets, funding, and other, net         14,060 14,495      
Net amortization of tax credit investments         13,661 11,180      
Losses (gains) on sales of investment securities, net         (9,214) (2,143)      
Asset (gains) losses, net         (157,284) (1,438)      
(Gain) loss on mortgage banking activities, net         (26,545) (11,172)      
Mortgage loans originated and acquired for sale         (860,674) (459,181)      
Proceeds from sales of mortgage loans held for sale         1,022,268 432,099      
Changes in certain assets and liabilities                  
(Increase) decrease in interest receivable         4,099 (11,738)      
Increase (decrease) in interest payable         (3,682) 3,572      
Increase (decrease) in expense payable         (49,911) (35,516)      
(Increase) decrease in net derivative position         (138,961) (93,872)      
Increase (decrease) in unsettled trades         20,515 (136)      
(Increase) decrease in net income tax position         18,606 27,010      
Net change in other assets and other liabilities         68,750 (26,992)      
Net cash provided by (used in) operating activities         286,120 70,470      
Cash Flow From Investing Activities                  
Net increase in loans         (1,912,941) (244,230)      
Purchases of                  
Available for sale securities         (867,693) (460,124)      
Held to maturity securities         (65,563) (169,775)      
Federal Home Loan Bank and Federal Reserve Bank stocks         (78,153) (178,363)      
Premises, equipment, and software, net of disposals         (22,577) (30,608)      
Other intangibles         (200) 0      
Proceeds from                  
Sales of available for sale securities         626,276 934,228      
Sale of Federal Home Loan Bank and Federal Reserve Bank stocks         100,000 226,139      
Prepayments, calls, and maturities of available for sale investment securities         499,025 262,872      
Prepayments, calls, and maturities of held to maturity investment securities         191,953 100,603      
Sales, prepayments, calls, and maturities of other assets         12,728 7,064      
Net change in tax credit and alternative investments         (30,276) (30,814)      
Net cash (paid) received in acquisition         (31,518)        
Net cash (paid) received in acquisition           551,250      
Net cash provided by (used in) investing activities         (1,322,370) 968,242      
Cash Flow From Financing Activities                  
Net increase (decrease) in deposits         2,334,002 (348,344)      
Net increase (decrease) in short-term funding         (309,144) (45,091)      
Net increase (decrease) in short-term FHLB advances         (520,000) (820,000)      
Repayment of long-term FHLB advances         (16,583) (762,880)      
Proceeds from long-term FHLB advances         4,000 751,573      
Proceeds from PPPLF         1,009,760 0      
Proceeds from finance lease principal         (1,007) 0      
Proceeds from issuance of preferred shares         97,129 0      
Proceeds from issuance of common stock for stock-based compensation plans         3,069 7,872      
Cash dividends on common stock         (56,281) (55,959)      
Cash dividends on preferred stock         (7,945) (7,601)      
Net cash provided by (used in) financing activities         2,460,197 (1,358,331)      
Net increase (decrease) in cash, cash equivalents, and restricted cash         1,423,947 (319,619)      
Cash, cash equivalents, and restricted cash at beginning of period   588,744   876,698 588,744 876,698 $ 876,698    
Cash, cash equivalents, and restricted cash at end of period 2,012,691   557,078   2,012,691 557,078 588,744    
Supplemental disclosures of cash flow information                  
Cash paid for interest         97,929 178,550      
Cash paid for (received from) income and franchise taxes         3,318 21,909      
Loans and bank premises transferred to OREO         5,212 5,406      
Capitalized mortgage servicing rights         9,169 3,575      
Loans transferred into held for sale from portfolio, net         201,827 30,597      
Unsettled trades to purchase securities         20,515 136      
Acquisition                  
Fair value of assets acquired, including cash and cash equivalents               $ 459,235 $ 696,013
Fair value ascribed to goodwill and intangible assets               20,793 29,626
Fair value of liabilities assumed               480,028 725,719
Equity issued in (adjustments related to) acquisition         0 (79)      
Restricted Cash and Cash Equivalents                  
Cash and cash equivalents               2,012,691 403,693
Restricted cash               0 153,385
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 2,012,691 $ 588,744 $ 557,078 $ 876,698 2,012,691 557,078 $ 876,698 $ 2,012,691 $ 557,078
ABRC                  
Proceeds from                  
Sales, prepayments, calls, and maturities of other assets         256,571 0      
Performance/Service Based RSAs, RSA,                  
Cash Flow From Financing Activities                  
Payments for Repurchase of Common Stock         (5,548) (8,299)      
Board Authorized Purchase Program [Member]                  
Cash Flow From Financing Activities                  
Payments for Repurchase of Common Stock         $ (71,255) $ (69,601)