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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net income $ 153,134 $ 132,279
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 57 8,707
Net amortization of debt securities 11,687 10,088
Net accretion of purchase accounting adjustments (2,680) (2,962)
Amortization of debt modification costs 4,630 1,237
Origination of loans held for sale (671,038) (647,932)
Proceeds from loans held for sale 633,085 669,344
Gain on sale of loans (23,929) (21,495)
(Gain) loss on sale of debt securities (14,158) 756
Bank-owned life insurance income, net (1,629) (1,782)
Stock-based compensation, net of tax benefits 6,554 2,523
Depreciation and amortization of premises and equipment 13,713 11,543
(Gain) loss on sale and write-downs of other real estate owned, net (288) 2,347
Amortization of core deposit intangibles 5,919 4,539
Amortization of investments in variable interest entities 6,767 5,070
Net increase in accrued interest receivable (5,348) (10,581)
Net increase in other assets (367) (6,820)
Net increase in accrued interest payable 61 170
Net (decrease) increase in other liabilities (1,730) 10,481
Net cash provided by operating activities 114,440 167,512
Investing Activities    
Sales of available-for-sale debt securities 711,268 224,612
Maturities, prepayments and calls of available-for-sale debt securities 457,299 259,102
Purchases of available-for-sale debt securities (839,835) (550,096)
Maturities, prepayments and calls of held-to-maturity debt securities 48,940 55,202
Principal collected on loans 2,497,073 1,908,670
Loan originations (2,900,692) (2,500,098)
Net additions to premises and equipment (14,230) (13,984)
Proceeds from sale of other real estate owned 2,960 3,370
Proceeds from redemption of non-marketable equity securities 115,436 73,199
Purchases of non-marketable equity securities (93,397) (62,585)
Proceeds from bank-owned life insurance 0 1,331
Investments in variable interest entities (7,956) (30,685)
Net cash received from acquisitions 79,334 101,268
Net cash provided by (used in) investing activities 56,200 (530,694)
Financing Activities    
Net increase in deposits 377,986 706,469
Net increase in securities sold under agreements to repurchase 161,191 17,001
Net decrease in short-term Federal Home Loan Bank advances (285,000) (200,000)
Repayments of long-term Federal Home Loan Bank advances (151,073) (641)
Net increase (decrease) in other borrowed funds 97 (9,823)
Cash dividends paid (70,970) (41,542)
Tax withholding payments for stock-based compensation (277) (1,182)
Net cash provided by financing activities 31,954 470,282
Net increase in cash, cash equivalents and restricted cash 202,594 107,100
Cash, cash equivalents and restricted cash at beginning of period 203,790 200,004
Cash, cash equivalents and restricted cash at end of period 406,384 307,104
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 33,878 25,925
Cash paid during the period for income taxes 33,032 18,440
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Sale and refinancing of other real estate owned 7 406
Transfer of loans to other real estate owned 2,347 4,066
Right-of-use assets obtained in exchange for operating lease liabilities 3,910 0
Dividends declared but not paid 26,874 22,240
Fair value of common stock shares issued 316,538 250,807
Cash consideration 16,424 16,265
Effective settlement of a pre-existing relationship 0 10,054
Fair Value of Assets Acquired 1,190,267 1,549,158
Liabilities Assumed $ 1,024,141 $ 1,383,756