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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income $ 223,525 $ 234,048
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 13,839 (4,880)
Net amortization of debt securities 24,274 32,934
Net amortization of purchase accounting adjustments and deferred loan fees and costs 8,533 (1,003)
Origination of loans held for sale (639,726) (1,184,305)
Proceeds from loans held for sale 715,700 1,372,592
Gain on sale of loans (17,857) (51,632)
Gain on sale of debt securities (101) (55)
Bank-owned life insurance income, net (2,698) (2,027)
Stock-based compensation, net of tax benefits 4,218 3,440
Depreciation and amortization of premises and equipment 18,952 15,593
Gain on sale and write-downs of other real estate owned, net (125) (127)
Amortization of core deposit intangibles 7,994 7,464
Amortization of investments in variable interest entities 13,051 9,520
Net increase in accrued interest receivable (16,627) (4,201)
Net increase in other assets (20,827) (5,430)
Net increase (decrease) in accrued interest payable 331 (868)
Net increase (decrease) in other liabilities 18,291 (3,753)
Net cash provided by operating activities 350,747 417,310
Investing Activities    
Maturities, prepayments and calls of available-for-sale debt securities 914,036 1,026,010
Purchases of available-for-sale debt securities (435,807) (4,035,869)
Maturities, prepayments and calls of held-to-maturity debt securities 159,349 25,480
Purchases of held-to-maturity debt securities (511,195) (125,527)
Principal collected on loans 4,530,150 4,825,177
Loan originations (5,984,286) (5,062,750)
Net additions to premises and equipment (16,909) (4,187)
Proceeds from sale of other real estate owned 997 3,246
Proceeds from redemption of non-marketable equity securities 132,667 180
Purchases of non-marketable equity securities (160,798) (2)
Proceeds from bank-owned life insurance 2,217 2,112
Investments in variable interest entities (32,866) (14,799)
Net cash used in investing activities (1,402,445) (3,360,929)
Financing Activities    
Net increase in deposits 543,134 2,705,870
Net (decrease) increase in securities sold under agreements to repurchase (133,311) 36,356
Net increase in short-term Federal Home Loan Bank advances 705,000 0
Net decrease (increase) in other borrowed funds 10,415 (6,897)
Cash dividends paid (84,414) (74,709)
Tax withholding payments for stock-based compensation (1,600) (1,520)
Proceeds from stock option exercises 0 265
Net cash provided by financing activities 1,039,224 2,659,365
Net decrease in cash, cash equivalents and restricted cash (12,474) (284,254)
Cash, cash equivalents and restricted cash at beginning of period 437,686 633,142
Cash, cash equivalents and restricted cash at end of period 425,212 348,888
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 19,904 14,223
Cash paid during the period for income taxes 40,917 58,645
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 896 1,481
Right-of-use assets obtained in exchange for new lease liabilities 24,023 801
Dividends declared during the period but not paid $ 36,817 $ 30,761