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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 8,558 $ 17,201
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Provision for loan and lease losses 19,499 2,583
Provision for unfunded loan commitments 577 833
Reversal of provision for loan repurchases (1,788) (325)
Depreciation on premises and equipment 2,575 3,324
Amortization of intangible assets 843 1,090
Amortization of debt issuance cost 25 42
Net amortization of premium and discount on securities 73 218
Net accretion of deferred loan cost and fees (122) (708)
Accretion of discounts on purchased loans 0 (2,070)
Deferred income tax benefit (4,956) (8,214)
Bank owned life insurance income (533) (581)
Share-based compensation expense 2,087 2,893
(Gain) loss on investments in alternative energy partnerships (34) 8,682
Impairment on intangible assets 0 336
Net revenue on mortgage banking activities (232) (29,434)
Net gain (loss) on sale of loans 41 (4,019)
Net gain on sale of securities available for sale (5,241) (3,356)
Loss from change of fair value on mortgage servicing rights 920 1,903
Loss on sale or disposal of property and equipment 16 255
Loss on sale of mortgage servicing rights 2,295 0
Net gain on disposal of discontinued operations (1,003) (13,302)
Repurchase of mortgage loans (9,670) (13,630)
Originations of loans held-for-sale from mortgage banking 0 (935,428)
Originations of other loans held-for-sale (773) (63,101)
Proceeds from sales of and principal collected on loans held-for-sale from mortgage banking 10,629 958,529
Proceeds from sales of and principal collected on other loans held-for-sale 5 127,629
Change in accrued interest receivable and other assets 1,847 (12,536)
Change in accrued interest payable and other liabilities (11,294) (54,805)
Net cash provided by (used in) operating activities 14,344 (15,991)
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 190,917 378,539
Proceeds from maturities and calls of securities available-for-sale 96,600 32,465
Proceeds from principal repayments of securities available-for-sale 9,351 10,746
Proceeds from maturities and calls of securities held-to-maturity 0 21,020
Purchases of securities available-for-sale (100,754) (472,850)
Net cash provided by disposal of discontinued operations 0 55,629
Loan and lease originations and principal collections, net (291,593) (309,961)
Redemption of Federal Home Loan Bank stock 0 4,813
Purchase of Federal Home Loan Bank and other bank stock (7,061) (209)
Proceeds from sale of loans 6,506 249,695
Proceeds from sale of other real estate owned 553 320
Proceeds from sale of mortgage servicing rights 27,347 0
Proceeds from sale of premises and equipment 0 172
Additions to premises and equipment (2,090) (10,317)
Payments of capital lease obligations (125) (271)
Funding of equity investment (275) 0
Investments in alternative energy partnerships 0 (30,927)
Net cash used in investing activities (70,624) (71,136)
Cash flows from financing activities:    
Net decrease in deposits (182,738) (544,457)
Net increase in short-term Federal Home Loan Bank advances 30,000 540,000
Repayment of long-term Federal Home Loan Bank advances 0 (50,000)
Proceeds from long-term Federal Home Loan Bank advances 180,000 100,000
Net increase in securities sold under repurchase agreements 0 26,320
Payment of junior subordinated amortizing notes 0 (1,330)
Restricted stock surrendered due to employee tax liability (97) (2,135)
Dividend equivalents paid on stock appreciation rights (202) (202)
Dividends paid on preferred stock (5,113) (5,113)
Dividends paid on common stock (6,565) (6,185)
Net cash provided by financing activities 15,285 56,898
Net change in cash and cash equivalents (40,995) (30,229)
Cash and cash equivalents at beginning of period 387,699 439,510
Cash and cash equivalents at end of period 346,704 409,281
Supplemental cash flow information    
Interest paid on deposits and borrowed funds 25,430 15,888
Income taxes paid 31 6,574
Income taxes refunds received (22) 0
Supplemental disclosure of non-cash activities    
Transfer from loans to other real estate owned, net 0 1,171
Transfer of loans held-for-investment to loans held-for-sale 6,546 242,288
Equipment acquired under capital leases 0 70
Reclassification of stranded tax effects to retained earnings 496 0
Due on unsettled securities purchases 59,000 0
Loans sold to Ginnie Mae that are subject to a repurchase option $ 6,774 $ 20,024