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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 19,687 $ 12,574
Adjustments to reconcile net income to net cash used in operating activities    
Provision for loan and lease losses 321 0
Provision (reversal) for loan repurchases (359) 845
Net revenue on mortgage banking activities (33,684) (37,933)
Net gain on sale of loans (2,195) (4,472)
Net amortization of securities 389 224
Depreciation on premises and equipment 2,830 2,182
Amortization of intangibles 1,322 1,544
Amortization of debt issuance cost 245 245
Stock option compensation expense 138 123
Stock award compensation expense 3,653 1,528
Stock appreciation right expense 13 42
Bank owned life insurance income (563) (59)
Net (gain) loss on sale of securities available-for-sale (16,789) 2
Gain on sale of mortgage servicing rights (2) 0
Gain on sale of other real estate owned (37) (17)
Deferred income tax (benefit) expense (98) 1,191
Loss on sale or disposal of property and equipment 1 0
Loss from change of fair value and runoff on mortgage servicing rights 10,151 2,468
Increase in valuation allowances on other real estate owned 0 22
Repurchase of mortgage loans (8,035) (2,663)
Originations of loans held-for-sale from mortgage banking (1,024,307) (1,007,720)
Originations of other loans held-for-sale (201,195) (257,460)
Proceeds from sales of and principal collected on loans held-for-sale from mortgage banking 1,009,532 948,675
Proceeds from sales of and principal collected on other loans held-for-sale 67,846 282,091
Change in deferred loan (costs) fees (85) 56
Amortization of premiums and discounts on purchased loans (10,617) (6,811)
Change in accrued interest receivable (4,167) 143
Change in other assets (22,349) (4,373)
Change in accrued interest payable and other liabilities 12,845 (2,436)
Net cash used in operating activities (195,509) (69,989)
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 2,247,421 174
Proceeds from principal repayments of securities available-for-sale 19,326 20,093
Purchases of securities available-for-sale (2,975,271) (65,051)
Loan originations and principal collections, net (293,744) 11,316
Purchase of loans (31,048) (16,901)
Redemption of Federal Home Loan Bank stock 5,690 6,810
Purchase of Federal Home Loan Bank and other bank stock (7,767) (4,413)
Proceeds from sale of loans 51,826 39,642
Proceeds from sale of other real estate owned 956 454
Proceeds from sale of mortgage servicing rights 5 3,089
Additions to premises and equipment (6,202) (1,782)
Payments of capital lease obligations (243) (229)
Net cash used in investing activities (989,051) (6,798)
Cash flows from financing activities:    
Net increase in deposits 534,516 190,161
Net increase in short-term Federal Home Loan Bank advances 265,000 (223,000)
Repayment of long-term Federal Home Loan Bank advances 0 (15,000)
Proceeds from long-term Federal Home Loan Bank advances 0 150,000
Net increase in securities sold under repurchase agreements 257,100 0
Net increase in other borrowings 0 15,000
Net proceeds from issuance of common stock 75,531 0
Net proceeds from issuance of preferred stock 120,258 0
Payment of amortizing debt (1,234) (1,146)
Dividend equivalents paid on stock appreciation rights (184) (171)
Dividends paid on preferred stock (3,030) (910)
Dividends paid on common stock (4,509) (3,944)
Net cash provided by financing activities 1,243,448 110,990
Net change in cash and cash equivalents 58,888 34,203
Cash and cash equivalents at beginning of period 156,124 231,199
Cash and cash equivalents at end of period 215,012 265,402
Supplemental cash flow information    
Interest paid on deposits and borrowed funds 16,306 8,754
Income taxes paid 1,597 3,944
Income taxes refunds received 1 17
Supplemental disclosure of non-cash activities    
Transfer from loans to other real estate owned, net 147 534
Transfer of loans held-for-investment to loans held-for-sale, net of transfer of $0 from allowance for loan and lease losses for the three months ended March 31, 2016 and 2015 61,410 0
Transfer of loans held-for-sale to loans held-for-investment 4,746 0
Equipment acquired under capital leases $ 0 $ 34