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Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities of Continuing Operations    
Net income from continuing operations $ 55,876 $ 41,082
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for loan losses, net of change to FDIC receivable and clawback liability 3,585 2,766
Provision for depreciation and amortization 2,393 1,728
Share-based compensation 3,153 3,294
Deferred taxes (2,588) (2,563)
Net amortization of investment securities premiums and discounts 232 424
Gain on sale of investment securities (3,183) (26)
Impairment loss on investment securities 4,585 0
Gain on sale of mortgages and other loans (2,183) (1,189)
Origination of loans held for sale (14,714,280) (17,142,862)
Proceeds from the sale of loans held for sale 14,727,734 16,626,639
Decrease in FDIC loss sharing receivable net of clawback liability 0 255
Amortization of fair value discounts and premiums 98 235
Net (gain) loss on sales of other real estate owned (163) 80
Valuation and other adjustments to other real estate owned, net of FDIC receivable 231 193
Earnings on investment in bank-owned life insurance (3,624) (2,243)
Increase in accrued interest receivable and other assets (10,618) (31,604)
(Decrease) increase in accrued interest payable and other liabilities (9,186) 13,148
Net Cash Provided By (Used In) Operating Activities of Continuing Operations 52,062 (490,643)
Cash Flows from Investing Activities of Continuing Operations    
Proceeds from maturities, calls and principal repayments of securities available for sale 22,843 28,973
Proceeds from sales of investment securities available for sale 115,982 2,848
Purchases of investment securities available for sale (644,011) (5,000)
Net increase in loans (582,571) (667,584)
Proceeds from sales of loans 112,927 17,527
Purchase of loans (262,641) 0
Purchases of bank-owned life insurance (50,000) 0
Proceeds from bank-owned life insurance 1,418 0
Net purchases of FHLB, Federal Reserve Bank, and other restricted stock (61,281) (20,577)
Payments to the FDIC on loss sharing agreements 0 (668)
Purchases of bank premises and equipment (1,274) (1,950)
Proceeds from sales of other real estate owned 682 310
Net Cash Used In Investing Activities of Continuing Operations (1,347,926) (646,121)
Cash Flows from Financing Activities of Continuing Operations    
Net increase in deposits 174,942 848,808
Net increase in short-term borrowed funds from the FHLB 1,130,800 206,600
Net increase (decrease) in federal funds purchased 67,000 (9,000)
Proceeds from long-term FHLB borrowings 0 75,000
Net proceeds from issuance of long-term debt 98,574 0
Net proceeds from issuance of preferred stock 0 79,701
Preferred stock dividends paid (7,229) (3,110)
Exercise and redemption of warrants 420 1,071
Payments of employee taxes withheld from share-based awards (3,961) (702)
Proceeds from issuance of common stock 1,900 1,553
Net Cash Provided By Financing Activities of Continuing Operations 1,462,446 1,199,921
Net Increase in Cash and Cash Equivalents of Continuing Operations 166,582 63,157
Discontinued Operations:    
Net cash used in operating activities (16,106) (20,851)
Net cash provided by (used in) investing activities 9,860 (17,054)
Net cash used in financing activities (3,355) (7,048)
Net Cash Used in Discontinued Operations (9,601) (44,953)
Net Increase in Cash and Cash Equivalents 156,981 18,204
Cash and Cash Equivalents – Beginning 244,709 264,593
Cash and Cash Equivalents – Ending 401,690 282,797
Supplementary Cash Flows Information    
Interest paid 44,983 33,137
Income taxes paid 21,715 23,539
Non-cash items:    
Transfer of loans to other real estate owned 0 592
Transfer of loans held for investment to loans held for sale $ 150,758 $ 0