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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 46,215 $ 28,498
Adjustments to reconcile net income to net cash used in operating activities    
Provision for loan and lease losses 2,090 5,474
Provision (reversal) for loan repurchases (500) 1,844
Net revenue on mortgage banking activities (77,479) (77,336)
Net gain on sale of loans (4,342) (12,310)
Net amortization of premiums and discounts on securities 709 618
Depreciation on premises and equipment 5,664 4,374
Amortization of intangibles 2,644 3,089
Amortization of debt issuance cost 363 546
Stock option compensation expense 297 247
Stock award compensation expense 5,394 4,038
Stock appreciation right expense 15 72
Bank owned life insurance income (1,143) (106)
Impairment on intangible assets 0 258
Debt redemption costs 2,737 0
Net (gain) loss on sale of securities available-for-sale (29,613) 2
Gain on sale of building 0 (9,919)
Gain on sale of a subsidiary (3,694) 0
Gain on sale of mortgage servicing rights (2) 0
Gain on sale of other real estate owned (44) (23)
Deferred income tax expense 1,456 4,293
Loss on sale or disposal of property and equipment 5 0
Loss from change of fair value and runoff on mortgage servicing rights 18,717 3,134
Increase in valuation allowances on other real estate owned 9 22
Repurchase of mortgage loans (18,648) (6,908)
Originations of loans held-for-sale from mortgage banking (2,301,125) (2,276,490)
Originations of other loans held-for-sale (383,841) (381,767)
Proceeds from sales of and principal collected on loans held-for-sale from mortgage banking 2,348,055 2,195,821
Proceeds from sales of and principal collected on other loans held-for-sale 206,085 452,535
Change in deferred loan fees (379) (808)
Net amortization of premiums and discounts on purchased loans (21,096) (13,967)
Change in accrued interest receivable (5,295) 238
Change in other assets (30,153) (1,515)
Change in accrued interest payable and other liabilities 922 10,868
Net cash used in operating activities (235,977) (65,178)
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 3,551,453 174
Proceeds from maturities and calls of securities available-for-sale 0 687
Proceeds from principal repayments of securities available-for-sale 47,167 54,096
Purchases of securities available-for-sale (3,949,717) (197,258)
Purchases of securities held-to-maturity 0 (53,419)
Proceeds from sale of a subsidiary 259 0
Loan and lease originations and principal collections, net (939,348) (173,082)
Purchase of loans and leases (156,258) (131,532)
Redemption of Federal Home Loan Bank stock 5,690 16,913
Purchase of Federal Home Loan Bank and other bank stock (27,774) (8,859)
Proceeds from sale of loans 62,927 313,746
Proceeds from sale of other real estate owned 1,007 908
Proceeds from sale of mortgage servicing rights 5 3,089
Proceeds from sale of premises and equipment 0 52,250
Additions to premises and equipment (15,458) (3,815)
Payments of capital lease obligations (473) (469)
Net cash used in investing activities (1,420,520) (126,571)
Cash flows from financing activities:    
Net increase in deposits 1,625,871 433,179
Net increase (decrease) in short-term Federal Home Loan Bank advances 50,000 (318,000)
Repayment of long-term Federal Home Loan Bank advances (50,000) (115,000)
Proceeds from long-term Federal Home Loan Bank advances 0 150,000
Net proceeds from issuance of common stock 175,094 0
Net proceeds from issuance of preferred stock 120,255 110,873
Redemption of preferred stock (42,000) 0
Net proceeds from issuance of long term debt 0 172,304
Payment of amortizing debt (2,492) (2,314)
Redemption of long term debt (84,750) 0
Proceeds from exercise of stock options 0 465
Cash settlement of stock options (359) 0
Dividend equivalents paid on stock appreciation rights (370) (343)
Dividends paid on preferred stock (9,405) (3,385)
Dividends paid on common stock (9,739) (8,239)
Net cash provided by financing activities 1,772,105 419,540
Net change in cash and cash equivalents 115,608 227,791
Cash and cash equivalents at beginning of period 156,124 231,199
Cash and cash equivalents at end of period 271,732 458,990
Supplemental cash flow information    
Interest paid on deposits and borrowed funds 26,457 21,686
Income taxes paid 36,404 19,502
Income taxes refunds received 1 158
Supplemental disclosure of non-cash activities    
Transfer from loans to other real estate owned, net 304 534
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 six months ended June 30, 2016 and 2015 61,410 43,667
Transfer of loans held-for-sale to loans held-for-investment 7,155 476,901
Equipment acquired under capital leases 16 34
Non-cash consideration received from sale of a subsidiary 2,896 0
Receivable on unsettled securities sales 10,049 0
Due on unsettled securities purchases $ 89,500 $ 0