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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities      
Net income $ 78,837 $ 78,702 $ 58,583
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses, net of change to FDIC receivable and clawback liability 6,768 3,041 20,566
Depreciation and amortization 10,801 5,897 3,998
Share-based compensation expense 7,167 7,069 5,661
Deferred taxes 14,820 (2,579) (10,092)
Net amortization of investment securities premiums and discounts 702 891 858
(Gain) loss on sale of investment securities (8,800) (25) 85
Impairment loss on investment securities 12,934 7,262 0
Gain on sale of SBA and other loans (4,898) (3,685) (4,479)
Origination of loans held for sale (41,172) (39,750) (39,257)
Proceeds from the sale of loans held for sale 40,656 42,772 40,815
Decrease (increase) in FDIC loss sharing receivable net of clawback liability 0 255 (2,430)
Amortization of fair value discounts and premiums 88 405 832
Net loss on sales of other real estate owned 154 130 761
Valuation and other adjustments to other real estate owned, net of FDIC receivable 298 1,473 992
Earnings on investment in bank-owned life insurance (7,219) (4,736) (7,006)
Increase in accrued interest receivable and other assets (32,256) (11,538) (12,024)
(Decrease) increase in accrued interest payable and other liabilities (16,687) 5,819 8,706
Net Cash Provided by Operating Activities 62,193 91,403 66,569
Cash Flows from Investing Activities      
Purchases of investment securities available for sale (796,594) (5,000) (231,703)
Proceeds from maturities, calls and principal repayments on investment securities available for sale 48,124 64,701 76,331
Proceeds from sales of investment securities available for sale 769,203 2,852 806
Origination of mortgage warehouse loans (30,084,255) (36,091,174) (29,886,506)
Proceeds from repayments of mortgage warehouse loans 30,407,662 35,729,309 29,463,289
Net increase in loans (960,372) (794,954) (1,341,133)
Purchase of loans (262,641) 0 0
Proceeds from sale of loans 462,518 133,104 248,060
Purchases of bank-owned life insurance (90,000) 0 (15,000)
Proceeds from bank-owned life insurance 1,418 619 3,384
Net (purchases of) proceeds from FHLB, Federal Reserve Bank, and other restricted stock (37,510) 22,433 (8,839)
(Payments to) reimbursements from the FDIC on loss sharing agreements 0 (2,049) 3,917
Purchases of leased assets under operating leases (22,223) 0 0
Purchases of bank premises and equipment (2,135) (5,426) (2,939)
Proceeds from sales of other real estate owned 1,680 1,051 8,890
Acquisition of Disbursements business, net 0 (17,000) 0
Net Cash Used in Investing Activities (565,125) (961,534) (1,681,443)
Cash Flows from Financing Activities      
Net (decrease) increase in deposits (503,633) 1,394,276 1,376,985
Net increase (decrease) in short-term borrowed funds from the FHLB 743,060 (831,500) (17,700)
Net increase in federal funds purchased 72,000 13,000 70,000
Proceeds from long-term FHLB borrowings 0 75,000 25,000
Proceeds from issuance of long-term debt 98,564 0 0
Net proceeds from issuance of preferred stock 0 161,902 55,569
Preferred stock dividends paid (14,459) (9,051) (2,314)
Exercise and redemption of warrants 1,059 1,532 98
Payment of employee taxes withheld from share-based awards (14,761) (5,897) 0
Net proceeds from issuance of common stock 2,716 70,985 806
Net Cash Provided by Financing Activities 384,546 870,247 1,508,444
Net (Decrease) Increase in Cash and Cash Equivalents (118,386) 116 (106,430)
Cash and Cash Equivalents – Beginning 264,709 264,593 371,023
Cash and Cash Equivalents – Ending 146,323 264,709 264,593
Supplementary Cash Flow Information      
Interest paid 101,575 71,216 51,313
Income taxes paid 40,282 57,251 38,734
Non-cash Items:      
Transfer of loans to other real estate owned 750 703 3,467
Transfer of loans from held for investment to held for sale 150,638 0 0
Transfer of loans from held for sale to held for investment $ 0 $ 25,118 $ 30,365