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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income (loss) $ 62,072 $ 30,205 $ (84)
Adjustments to reconcile net income to net cash used in operating activities      
Provision for loan and lease losses 7,469 10,976 7,963
Provision for loan repurchases 2,326 2,808 2,383
Net revenue on mortgage banking activities (144,685) (95,430) (67,890)
Net gain on sale of loans (37,211) (19,828) (8,700)
Net amortization of securities 1,602 746 1,742
Depreciation on premises and equipment 9,154 6,834 4,283
Amortization of intangibles 5,836 4,079 2,651
Amortization of debt issuance cost 727 686 385
Stock option compensation expense 528 480 582
Stock award compensation expense 8,598 5,838 2,311
Change in fair value of converted stock options related to business acquisition 0 0 9
Stock appreciation right expense 202 1,889 1,072
Bank owned life insurance income (1,076) (224) (177)
Impairment on intangible assets 258 48 1,061
Net gain on sale of securities available-for-sale (3,258) (1,183) (331)
Gain on sale of mortgage servicing rights 0 (2,318) 0
Gain on sale of other real estate owned (23) (66) (464)
Gain on sale of building (9,919) 0 0
Gain on sale of branches (163) (456) (12,104)
Loss on sale or disposal of property and equipment 80 942 0
Loss (gain) from change of fair value on mortgage servicing rights 8,765 1,564 (298)
Deferred income tax (benefit) expense 7,279 (17,157) 7,573
Increase in valuation allowances on other real estate owned 38 32 97
Repurchase of mortgage loans (19,387) (3,343) 0
Originations of loans held-for-sale from mortgage banking (4,388,042) (2,822,406) (1,942,622)
Originations of other loans held-for-sale (803,936) (1,439,700) (441,969)
Proceeds from sales of and principal collected on loans held-for-sale from mortgage banking 4,406,924 2,838,771 1,916,746
Proceeds from sales of and principal collected on other loans held-for-sale 882,288 923,494 107,222
Change in deferred loan fees (costs) 512 (1,296) (248)
Amortization of premiums and discounts on purchased loans (30,933) (34,776) (20,304)
Change in accrued interest receivable (7,687) (4,247) (5,865)
Change in other assets (15,935) (5,875) 4,140
Change in accrued interest payable and other liabilities 12,354 (8,603) 5,347
Net cash used in operating activities (45,243) (627,516) (435,489)
Cash flows from investing activities:      
Proceeds from sales of securities available-for-sale 989,786 111,764 127,298
Proceeds from maturities and calls of securities available-for-sale 687 1,231 12,606
Proceeds from principal repayments of securities available-for-sale 109,026 41,142 98,287
Purchases of securities available-for-sale (1,591,883) (327,069) (71,129)
Purchases of securities held-to-maturity (962,052) 0 0
Purchases of bank owned life insurance (80,000) 0 0
Net cash (used) acquired in acquisitions 0 (23,409) 5,644
Net cash used in branch sale (46,731) 0 (448,891)
Loan originations and principal collections, net (501,927) (376,771) (385,272)
Purchase of loans (705,709) (38,572) (857,733)
Redemption of Federal Home Loan Bank stocks 18,459 559 25
Purchase of Federal Home Loan Bank and other bank stocks (35,287) (20,200) (13,783)
Proceeds from sale of loans held-for-investment 575,477 161,638 276,516
Net change in time deposits in financial institutions 400 (54) 3,181
Proceeds from sale of other real estate owned 909 264 5,123
Proceeds from sale of mortgage servicing rights 5,862 18,808 0
Proceeds from sale of premises and equipment 50,639 79 0
Additions to premises and equipment (83,259) (11,663) (54,965)
Payments of capital lease obligations (947) (901) (389)
Net cash used in investing activities (2,256,550) (463,154) (1,303,482)
Cash flows from financing activities:      
Net increase in deposits 1,677,855 676,372 1,514,930
Net increase in short-term Federal Home Loan Bank advances 362,000 143,000 133,167
Repayment of long-term Federal Home Loan Bank advances (465,000) (10,000) 0
Proceeds from long-term Federal Home Loan Bank advances 400,000 250,000 0
Net proceeds from issuance of common stock 0 103,656 67,792
Net proceeds from issuance of preferred stock 110,873 0 37,943
Net proceeds from issuance of long term debt 172,304 0 0
Net proceeds from issuance of tangible equity units 0 64,959 0
Payment of Amortizing Debt (4,715) (2,157) 0
Purchase of treasury stock 0 (280) (5,005)
Proceeds from exercise of stock options 501 993 540
Dividends paid on stock appreciation rights (699) (471) 0
Dividends paid on preferred stock (9,446) (3,652) (2,185)
Dividends paid on common stock (16,955) (10,669) (6,736)
Net cash provided by financing activities 2,226,718 1,211,751 1,740,446
Net change in cash and cash equivalents (75,075) 121,081 1,475
Cash and cash equivalents at beginning of year 231,199 110,118 108,643
Cash and cash equivalents at end of year 156,124 231,199 110,118
Supplemental cash flow information      
Interest paid on deposits and borrowed funds 44,810 32,592 23,277
Income taxes paid 33,429 9,855 0
Income taxes refunds received 19 263 0
Supplemental disclosure of non-cash activities      
Transfer from loans to other real estate owned, net 1,598 653 0
Transfer of loans receivable to loans held for sale, net of transfer of $0, $613 and $1,443 from allowance for loan and lease losses for the year ended December 31, 2015, 2014 and 2013, respectively 0 66,334 181,360
Transfer of loans held-for-sale to loans held-for-investment 482,851 117,116 0
Equipment acquired under capital leases 112 1,313 2,675
Conversion of stock appreciation rights to stock options $ 0 $ 0 $ 1,433