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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 12,574 $ 23,759 $ 45,472
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 29,719 35,829 31,121
Reversal of provision for loan repurchases (697) (660) (2,488)
Depreciation and amortization on premises, equipment and operating lease right-of-use assets 16,298 16,427 10,878
Amortization of intangible assets 1,518 2,195 3,007
Amortization of debt issuance cost 972 247 233
Net amortization of premium and discount on securities 1,145 783 1,213
Impairment loss on investment securities 0 731 3,252
Net (accretion) amortization of deferred loans cost and fees (2,938) 916 (612)
Accretion of discounts on purchased loans (517) (365) (637)
Write-off of other assets related to naming rights termination, net 6,669 0 0
Debt extinguishment fee 2,515 0 0
Deferred income tax benefit (9,259) (622) (5,911)
Bank owned life insurance income (2,489) (2,292) (2,176)
Share-based compensation expense 5,781 5,039 6,565
Loss on interest rate swaps 200 8,964 0
Loss on investments in alternative energy partnerships and affordable housing investments 4,888 5,214 5,044
Impairment on capitalized software projects 512 1,481 1,975
Net revenue on mortgage banking activities 0 0 (428)
Fair value adjustment for loans held-for-sale 1,501 (106) 0
Net gain on sale of loans (245) (7,766) (1,932)
Net (gain) loss on sale of securities available for sale (2,011) 4,852 (5,532)
Loss from change of fair value on mortgage servicing rights 0 0 1,533
Loss (gain) on sale or disposal of property and equipment 188 67 (1,741)
Loss on sale of mortgage servicing rights 0 0 2,260
Net gain on disposal of discontinued operations 0 0 (1,439)
Repurchase of mortgage loans 0 (1,929) (12,666)
Originations of other loans held-for-sale 0 0 (5,839)
Proceeds from sales of and principal collected on loans held-for-sale from mortgage 19,325 6,210 25,216
Proceeds from sales of and principal collected on other loans held-for-sale 0 426 7,037
Change in accrued interest receivable and other assets 17,217 (15,447) 24,860
Change in accrued interest payable and other liabilities (28,004) (3,698) (5,262)
Net cash provided by operating activities 74,862 80,255 123,003
Cash flows from investing activities:      
Proceeds from sales of securities available-for-sale 22,729 1,196,498 417,870
Proceeds from maturities and calls of securities available-for-sale 46,100 53,090 607,601
Proceeds from principal repayments of securities available-for-sale 12,132 36,541 43,378
Purchases of securities available-for-sale (371,092) (195,258) (521,575)
Purchases of bank owned life insurance 0 (500) 0
Loan originations and principal collections, net 327,554 573,490 (1,374,702)
Purchases of loans (285,337) 0 (59,481)
Redemption of Federal Home Loan Bank stock 24,296 82,835 66,710
Purchases of Federal Home Loan Bank and other bank stocks (9,382) (74,161) (59,150)
Proceeds from sale of loans held-for-sale/held-for-investment 0 1,146,562 376,837
Proceeds from sale of other real estate owned 1,078 843 1,795
Proceeds from sale of mortgage servicing rights 0 0 30,056
Proceeds from sale of premises and equipment 0 0 4,193
Additions to premises and equipment (5,092) (10,478) (9,001)
Payments of capital lease obligations (532) (574) (463)
Funding of equity investment (27,832) (14,800) (6,361)
Net (increase) decrease in investments in alternative energy partnerships (1,537) 1,219 12,547
Net cash (used in) provided by investing activities (266,915) 2,795,307 (469,746)
Cash flows from financing activities:      
Net increase (decrease) in deposits 658,633 (2,489,477) 623,741
Net decrease in short-term Federal Home Loan Bank advances (425,000) (200,000) (430,000)
Repayment of long-term Federal Home Loan Bank advances (335,000) (125,000) (125,000)
Proceeds from long-term Federal Home Loan Bank advances 111,000 0 380,000
Debt extinguishment and financing fees paid (9,368) 0 0
Net proceeds from issuance of long-term debt 82,570 0 0
Redemption of preferred stock (4,379) (46,396) (40,250)
Purchase of common stock (12,041) 0 0
Restricted stock surrendered to pay employee tax liability (923) (1,023) (2,366)
Dividend equivalents paid on stock appreciation rights (376) (483) (810)
Dividends paid on preferred stock (13,869) (15,559) (21,954)
Dividends paid on common stock (11,847) (15,744) (32,725)
Net cash provided by (used in) financing activities 39,400 (2,893,682) 350,636
Net change in cash and cash equivalents (152,653) (18,120) 3,893
Cash and cash equivalents at beginning of year 373,472 391,592 387,699
Cash and cash equivalents at end of year 220,819 373,472 391,592
Supplemental cash flow information      
Interest paid on deposits and borrowed funds 66,014 151,508 130,793
Income taxes paid 762 2,924 8,324
Income taxes refunds received 0 202 4,532
Supplemental disclosure of non-cash activities      
Transfer from loans to other real estate owned, net 1,116 276 672
Transfer of loans held-for-investment to loans held-for-sale 0 1,139,597 376,995
Equipment acquired under capital leases 30 76 82
Reclassification of stranded tax effects to retained earnings 0 0 $ 496
Operating lease right of use assets received in exchange for lease liabilities 3,289 28,664  
Operating lease liabilities recognized $ 3,289 $ 30,065