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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net income $ 43,339 $ 49,132
Adjustments to reconcile net income to net cash provided by operating activities:    
Credit loss expense 22,744 57
Net amortization of debt securities 3,237 5,379
Net amortization (accretion) of purchase accounting adjustments 324 (1,788)
Amortization of debt modification costs 0 412
Origination of loans held for sale (275,256) (145,163)
Proceeds from loans held for sale 268,067 154,756
Gain on sale of loans (11,862) (5,798)
Gain on sale of debt securities (863) (213)
Bank-owned life insurance income, net (656) (497)
Stock-based compensation, net of tax benefits 1,199 1,197
Depreciation and amortization of premises and equipment 4,833 4,574
Gain on sale and write-downs of other real estate owned, net (196) (416)
Amortization of core deposit intangibles 2,533 1,694
Amortization of investments in variable interest entities 2,114 1,644
Net increase in accrued interest receivable (10,690) (2,959)
Net increase in other assets (9,793) (1,636)
Net (decrease) increase in accrued interest payable (99) 457
Net decrease in other liabilities (13,213) (14,525)
Net cash provided by operating activities 25,762 46,307
Investing Activities    
Sales of available-for-sale debt securities 0 269,616
Maturities, prepayments and calls of available-for-sale debt securities 176,926 120,368
Purchases of available-for-sale debt securities (811,523) (311,281)
Maturities, prepayments and calls of held-to-maturity debt securities 20,250 29,945
Principal collected on loans 810,652 617,236
Loan originations (942,157) (656,930)
Net additions to premises and equipment (940) (3,809)
Proceeds from sale of other real estate owned 1,198 1,208
Proceeds from redemption of non-marketable equity securities 36,244 39,436
Purchases of non-marketable equity securities (51,598) (28,000)
Investments in variable interest entities (2,895) (576)
Net cash received from acquisitions 43,713 0
Net cash (used in) provided by investing activities (720,130) 77,213
Financing Activities    
Net increase in deposits 178,132 94,322
Net increase in securities sold under agreements to repurchase 3,263 93,470
Net increase (decrease) in short-term Federal Home Loan Bank advances 475,000 (285,000)
Repayments of long-term Federal Home Loan Bank advances (547) (896)
Net (decrease) increase in other borrowed funds (5) 27
Cash dividends paid (18,652) (25,562)
Tax withholding payments for stock-based compensation (977) (1,144)
Proceeds from stock option exercises 634 0
Net cash provided by (used in) financing activities 636,848 (124,783)
Net decrease in cash, cash equivalents and restricted cash (57,520) (1,263)
Cash, cash equivalents and restricted cash at beginning of period 330,961 203,790
Cash, cash equivalents and restricted cash at end of period 273,441 202,527
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 8,595 10,447
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Sale and refinancing of other real estate owned 215 0
Transfer of loans to other real estate owned 465 1,437
Right-of-use assets obtained in exchange for operating lease liabilities 2,241 647
Dividends declared during the period but not paid 27,727 22,039
Fair value of common stock shares issued 112,133 0
Cash consideration 13,721 0
Fair Value of Assets Acquired 744,109 0
Liabilities Assumed $ 618,255 $ 0