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Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities    
Net income $ 57,222 $ 58,875
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 5,937 2,854
Depreciation and amortization 7,476 4,138
Share-based compensation expense 5,377 5,213
Deferred taxes 286 (4,846)
Net amortization of investment securities premiums and discounts 520 664
Gain on sale of investment securities (8,532) (25)
Impairment loss on investment securities 12,934 0
Gain on sale of SBA and other loans (3,553) (2,674)
Origination of loans held for sale (22,770,726) (27,092,862)
Proceeds from the sale of loans held for sale 22,925,668 26,473,789
Decrease in FDIC loss sharing receivable net of clawback liability 0 255
Amortization of fair value discounts and premiums 93 312
Net loss on sales of other real estate owned 154 85
Valuation and other adjustments to other real estate owned, net of FDIC receivable 298 1,261
Earnings on investment in bank-owned life insurance (5,297) (3,629)
Increase in accrued interest receivable and other assets (27,862) (38,672)
(Decrease) increase in accrued interest payable and other liabilities (14,106) 66,577
Net Cash Provided By (Used In) Operating Activities 185,889 (528,685)
Cash Flows from Investing Activities    
Proceeds from maturities, calls and principal repayments of securities available for sale 36,461 46,097
Proceeds from sales of investment securities available for sale 698,451 2,853
Purchases of investment securities available for sale (796,594) (5,000)
Net increase in loans (921,049) (641,093)
Proceeds from sales of loans 124,703 91,868
Purchase of loans (262,641) 0
Purchases of bank-owned life insurance (90,000) 0
Proceeds from bank-owned life insurance 1,418 619
Net (purchases of) proceeds from FHLB, Federal Reserve Bank, and other restricted stock (30,203) 19,220
Payments to the FDIC on loss sharing agreements 0 (2,049)
Purchases of bank premises and equipment (1,725) (3,343)
Proceeds from sales of other real estate owned 1,680 419
Acquisition of Disbursements business, net 0 (17,000)
Net Cash Used In Investing Activities (1,267,428) (507,409)
Cash Flows from Financing Activities    
Net increase in deposits 293,301 1,479,471
Net increase (decrease) in short-term borrowed funds from the FHLB 593,543 (663,600)
Net increase (decrease) in federal funds purchased 64,000 (18,000)
Proceeds from long-term FHLB borrowings 0 75,000
Net proceeds from issuance of long-term debt 98,564 0
Net proceeds from issuance of preferred stock 0 161,980
Preferred stock dividends paid (10,844) (5,450)
Exercise of warrants 557 1,121
Payments of employee taxes withheld from share-based awards (4,923) (702)
Proceeds from issuance of common stock 2,112 7,269
Net Cash Provided By Financing Activities 1,036,310 1,037,089
Net (Decrease) Increase in Cash and Cash Equivalents (45,229) 995
Cash and Cash Equivalents – Beginning 264,709 264,593
Cash and Cash Equivalents – Ending 219,480 265,588
Supplementary Cash Flows Information    
Interest paid 70,706 50,410
Income taxes paid 31,545 40,966
Non-cash items:    
Transfer of loans to other real estate owned 83 605
Transfer of loans held for investment to loans held for sale $ 150,638 $ 0