XML 21 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net income $ 359,440,000 $ 173,979,000 $ 127,225,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Net amortization/accretion of premium/discount on securities 19,141,000 12,847,000 8,630,000
Depreciation, amortization and accretion (23,604,000) (23,618,000) 186,000
Provision for loan losses 34,377,000 23,664,000 18,328,000
Gains on mortgage loans sold, net (14,564,000) (18,625,000) (15,754,000)
Investment losses (gains) on sales, net 2,254,000 8,265,000 (395,000)
Stock-based compensation expense 17,636,000 19,538,000 10,971,000
Deferred tax expense 11,765,000 28,165,000 14,390,000
Revaluation of deferred tax assets and liabilities 0 31,486,000 0
Losses (gains) on disposition of other real estate and other investments 84,000 (203,000) 141,000
Income from equity method investment (51,222,000) (37,958,000) (31,403,000)
Dividends received from equity method investment 33,651,000 21,650,000 28,982,000
Excess tax benefit from stock compensation (2,966,000) (5,366,000) (4,604,000)
Gains on other loans sold, net (3,287,000) (1,488,000) (885,000)
Commercial loans held for sale originated (356,597,000) (177,434,000) (112,670,000)
Commercial loans held for sale sold 369,387,000 176,062,000 90,967,000
Consumer loans held for sale originated (1,195,435,000) (1,100,866,000) (784,214,000)
Consumer loans held for sale sold 1,234,551,000 1,090,489,000 803,498,000
Increase in other assets (24,471,000) (37,022,000) (5,275,000)
Increase (decrease) in other liabilities 60,617,000 (17,700,000) 4,198,000
Net cash provided by operating activities 470,757,000 165,865,000 152,316,000
Activities in securities available-for-sale:      
Purchases (1,314,721,000) (1,290,717,000) (583,330,000)
Sales 169,850,000 363,898,000 72,829,000
Maturities, prepayments and calls 323,571,000 323,235,000 280,806,000
Activities in securities held-to-maturity:      
Purchases 0 0 (560,000)
Maturities, prepayments and calls 5,775,000 4,115,000 6,200,000
Increase in loans, net (1,995,424,000) (1,558,646,000) (966,208,000)
Purchases of premises and equipment and software (23,739,000) (53,499,000) (17,058,000)
Purchase of BOLI (100,000,000) (55,000,000) 0
Proceeds from BOLI settlement 3,467,000 0 0
Proceeds from sales of software, premises, and equipment 2,967,000 23,000 2,187,000
Proceeds from sale of mortgage servicing rights 0 0 6,748,000
Acquisitions, net of cash acquired 0 155,142,000 17,608,000
Proceeds from Sale of Other Real Estate 16,088,000 3,725,000 3,305,000
Increase in equity method investment 0 0 (74,100,000)
Increase in other investments (56,918,000) (7,804,000) (27,509,000)
Net cash used in investing activities (2,969,084,000) (2,115,528,000) (1,279,082,000)
Financing activities:      
Net increase in deposits 2,399,407,000 1,488,274,000 822,307,000
Net increase (decrease) in repurchase agreements (30,521,000) (12,754,000) 6,622,000
Advances from Federal Home Loan Bank: Issuances 1,664,906,000 1,964,750,000 1,934,000,000
Advances from Federal Home Loan Bank: Payments (1,541,212,000) (1,051,067,000) (1,934,093,000)
Proceeds from subordinated debt and other borrowings, net of issuance costs 19,850,000 0 243,227,000
Repayments of other borrowings 620,000 220,000 74,000,000
Principal payments of capital lease obligation (168,000) (149,000) (70,000)
Proceeds from common stock issuance 0 192,194,000 0
Payments for repurchase of shares (5,071,000)    
Exercise of common stock options and stock appreciation rights, net of shares surrendered for taxes   493,000 11,589,000
Repurchase of common stock (20,694,000) 0 0
Excess tax benefit from stock compensation 0 0 4,604,000
Common dividends paid (45,454,000) (35,907,000) (24,726,000)
Net cash provided by financing activities 2,440,423,000 2,545,614,000 989,460,000
Net increase (decrease) in cash, cash equivalents, and restricted cash (57,904,000) 595,951,000 (137,306,000)
Cash, cash equivalents, and restricted cash, beginning of year 779,596,000 183,645,000 320,951,000
Cash, cash equivalents, and restricted cash, end of year $ 721,692,000 $ 779,596,000 $ 183,645,000