XML 20 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From Operating Activities: [Abstract]      
Net income $ 616,325 $ 435,071 $ 500,685
Adjustments to reconcile net income to net cash provided by (used in) operating activities: [Abstract]      
Provision for credit losses (100,000) 222,592 44,000
Change in fair value of mortgage servicing rights due to market changes (41,637) 79,524 53,517
Change in fair value of mortgage servicing rights due to principal payments 38,761 41,598 38,979
Net unrealized losses (gains) from derivative contracts 30,201 (59,253) (25,936)
Share-based compensation 9,759 16,392 15,544
Depreciation and amortization 102,468 99,013 95,416
Net amortization of discounts and premiums 18,293 5,357 (16,984)
Net losses (gains) on financial instruments and other losses (gains), net (67,446) (15,949) (583)
Net gain on mortgage loans held for sale (70,464) (114,545) (40,402)
Mortgage loans originated for sale (2,818,789) (3,764,112) (3,025,930)
Proceeds from sale of mortgage loans held for sale 2,939,522 3,817,475 3,035,600
Capitalized mortgage servicing rights (31,132) (31,209) (35,128)
Change in trading and fair value option securities (4,357,950) (2,103,931) (483,007)
Change in receivables 39,183 945,087 (740,868)
Change in other assets (12,568) 1,739 18,955
Change in other liabilities 12,897 8,895 92,463
Net cash provided by (used in) operating activities (3,692,577) (416,256) (473,679)
Cash Flows From Investing Activities: [Abstract]      
Proceeds from maturities or redemptions of investment securities 33,865 46,992 60,128
Proceeds from maturities or redemptions of available for sale securities 3,500,081 2,695,067 1,841,069
Purchases of available for sale securities (4,607,199) (4,575,324) (5,245,256)
Proceeds from sales of available for sale securities 622,881 384,507 1,211,718
Change in amount receivable on unsettled available for sale securities transactions (10,406) (6,357) 25,410
Loans originated, net of principal collected 2,853,326 (1,103,752) (44,414)
Net payments or proceeds on derivative asset contracts 161,093 (121,130) 33,566
Net change in restricted equity securities 88,278 289,161 116,105
Proceeds from disposition of assets 165,040 73,135 62,576
Purchases of assets (204,287) (141,134) (384,639)
Net cash provided by (used in) investing activities 2,602,672 (2,458,835) (2,323,737)
Cash Flows From Financing Activities: [Abstract]      
Net change in demand deposits, transaction deposits and savings accounts 5,360,979 8,773,433 2,252,936
Net change in time deposits (262,800) (250,721) 104,288
Net change in other borrowed funds (1,269,241) (5,091,026) 1,110,970
Repayment of subordinated debentures (150,000) 0 0
Change in amount due on unsettled security purchases (117,452) 63,521 (41,651)
Issuance of common and treasury stock, net (4,874) (4,933) (7)
Net change in derivative margin accounts (467,865) (600,218) (207,122)
Net payments or proceeds on derivative liability contracts (79,962) 127,054 (33,622)
Repurchase of common stock (117,938) (75,830) (129,483)
Dividends paid (144,105) (144,437) (143,496)
Net cash provided by (used in) financing activities 2,746,742 2,796,843 2,912,813
Net increase (decrease) in cash and cash equivalents 1,656,837 (78,248) 115,397
Cash and cash equivalents at beginning of period 1,180,573 1,258,821 1,143,424
Cash and cash equivalents at end of period 2,837,410 1,180,573 1,258,821
Supplemental Cash Flow Information: [Abstract]      
Cash paid for interest 68,775 160,288 417,070
Cash paid for taxes 135,331 136,181 87,361
Net loans and bank premises transferred to repossessed real estate and other assets 8,320 85,323 10,665
Increase in U.S. government guaranteed loans eligible for repurchase 87,087 290,977 91,634
Increase in receivables from conveyance of GNMA OREO 6,376 11,322 28,669
Right-of-use assets obtained in exchange for operating lease liabilities $ 40,798 $ 16,177 $ 62,755