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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 144,187 $ 158,429
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 5,498 (5,605)
Net amortization of debt securities 17,854 19,615
Net amortization of purchase accounting adjustments and deferred loan fees and costs 7,070 4,113
Origination of loans held for sale (492,225) (827,653)
Proceeds from loans held for sale 545,318 976,517
Gain on sale of loans (14,011) (37,730)
Gain on sale of debt securities (186) (223)
Bank-owned life insurance income, net (1,827) (1,352)
Stock-based compensation, net of tax benefits 3,081 2,408
Depreciation and amortization of premises and equipment 12,168 10,446
Gain on sale and write-downs of other real estate owned, net (1) (247)
Amortization of core deposit intangibles 5,329 4,976
Amortization of investments in variable interest entities 8,600 6,474
Net (increase) decrease in accrued interest receivable (3,666) 5,045
Net increase in other assets (24,304) (13,239)
Net decrease in accrued interest payable (75) (11,017)
Net increase (decrease) in other liabilities 3,856 (872)
Net cash provided by operating activities 216,666 290,085
Investing Activities    
Maturities, prepayments and calls of available-for-sale debt securities 668,563 611,077
Purchases of available-for-sale debt securities (410,032) (2,351,093)
Maturities, prepayments and calls of held-to-maturity debt securities 100,111 6,360
Purchases of held-to-maturity debt securities (482,727) 0
Principal collected on loans 3,266,467 3,281,147
Loan originations (4,256,894) (3,446,582)
Net additions to premises and equipment (12,696) 1,435
Proceeds from sale of other real estate owned 46 2,679
Proceeds from redemption of non-marketable equity securities 71,836 3
Purchases of non-marketable equity securities (94,998) 0
Proceeds from bank-owned life insurance 1,304 2,112
Investments in variable interest entities (26,035) (10,711)
Net cash used in investing activities (1,175,055) (1,903,573)
Financing Activities    
Net increase in deposits 446,927 1,963,419
Net decrease in securities sold under agreements to repurchase (52,597) (9,382)
Net increase in short-term Federal Home Loan Bank advances 580,000 0
Net increase in other borrowed funds 11,060 (7,012)
Cash dividends paid (47,851) (44,142)
Tax withholding payments for stock-based compensation (1,430) (1,495)
Proceeds from stock option exercises 0 165
Net cash provided by financing activities 936,109 1,901,553
Net (decrease) increase in cash, cash equivalents and restricted cash (22,280) 288,065
Cash, cash equivalents and restricted cash at beginning of period 437,686 633,142
Cash, cash equivalents and restricted cash at end of period 415,406 921,207
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 11,235 10,099
Cash paid during the period for income taxes 26,710 49,663
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Transfer of debt securities from available-for-sale to held-to-maturity 2,154,475 844,020
Transfer of loans to other real estate owned 406 1,459
Right-of-use assets obtained in exchange for operating lease liabilities 11,805 720
Dividends declared during the period but not paid $ 36,730 $ 30,697