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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 173,438,000 $ 210,256,000 $ 203,850,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, accretion and other, net 39,912,000 31,058,000 46,735,000
Cash received from (paid to) FDIC under loss share 0 0 1,595,000
Stock-based compensation expense 6,469,000 5,265,000 4,771,000
Provision (release) for credit losses 21,750,000 (1,650,000) (5,450,000)
Loss (gain) on sale of investment securities (15,028,000) 9,000 0
Prepayment penalty on early extinguishment of debt 13,809,000 0 0
Gain on settlements of bank owned life insurance 0 0 (2,416,000)
Impairment loss on premises and equipment 6,431,000 0 0
Net realized (gain) loss on sales of premises, equipment and real estate owned (31,990,000) (12,484,000) (1,450,000)
Decrease (increase) in accrued interest receivable (4,942,000) (1,562,000) (5,652,000)
Decrease (increase) in federal and state income tax receivable (5,708,000) 1,804,000 (1,804,000)
Decrease (increase) in cash surrender value of bank owned life insurance (5,673,000) (5,822,000) (5,992,000)
Decrease (increase) in other assets (146,893,000) (17,416,000) (6,876,000)
Increase (decrease) in federal and state income tax liabilities 890,000 3,043,000 0
Increase (decrease) in accrued expenses and other liabilities 114,135,000 21,553,000 (36,609,000)
Net cash provided (used) by operating activities 166,600,000 234,054,000 190,702,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Origination of loans and principal repayments, net (902,481,000) (452,334,000) (459,183,000)
Loans purchased (15,456,000) 0 (143,605,000)
FHLB & FRB stock purchase (435,200,000) (532,600,000) (530,000,000)
FHLB & FRB stock redeemed 417,200,000 535,800,000 525,800,000
Available-for-sale securities purchased (1,064,815,000) (358,709,000) (272,780,000)
Principal payments and maturities of available-for-sale securities 493,402,000 224,118,000 199,008,000
Proceeds from sales of available-for-sale investment securities 204,351,000 491,000 0
Held-to-maturity securities purchased 0 0 (170,836,000)
Principal payments and maturities of held-to-maturity securities 356,532,000 178,147,000 187,812,000
Proceeds from sales of real estate owned 5,022,000 8,659,000 15,192,000
Proceeds from settlements of bank owned life insurance 0 0 3,484,000
Purchase of strategic investments 0 (5,000,000) 0
Net cash received (paid) in business combinations (2,810,000) 0 (2,211,000)
Proceeds from sales of premises and equipment 55,213,000 15,585,000 1,000
Premises and equipment purchased and REO improvements (31,937,000) (35,530,000) (27,127,000)
Net cash provided (used) by investing activities (920,979,000) (421,373,000) (674,445,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in customer accounts 1,788,860,000 603,846,000 552,445,000
Proceeds from borrowings 10,880,000,000 13,315,000,000 13,250,000,000
Repayments of borrowings (10,443,809,000) (13,395,000,000) (13,145,000,000)
Proceeds from stock-based awards 144,000 740,000 1,338,000
Dividends paid on common stock (66,496,000) (63,318,000) (55,997,000)
Treasury stock purchased (112,133,000) (123,854,000) (164,249,000)
Increase (decrease) in advance payments by borrowers for taxes and insurance (8,368,000) 413,000 786,000
Net cash provided (used) by financing activities 2,038,198,000 337,827,000 439,323,000
Increase (decrease) in cash and cash equivalents 1,283,819,000 150,508,000 (44,420,000)
Cash and cash equivalents at beginning of year 419,158,000 268,650,000 313,070,000
Cash and cash equivalents at end of year 1,702,977,000 419,158,000 268,650,000
Non-cash investing activities      
Real estate acquired through foreclosure 1,765,000 1,839,000 4,032,000
Other personal property acquired through foreclosure 359,000 205,000 3,109,000
Non-cash financing activities      
Stock issued upon exercise of warrants 0 1,082,000 3,914,000
Cash paid during the year for      
Interest 146,675,000 194,277,000 133,722,000
Income taxes $ 35,640,000 $ 33,545,000 $ 44,260,000