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Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities    
Net income $ 24,142 $ 25,747
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for loan losses 2,117 3,050
Depreciation and amortization 3,344 1,475
Share-based compensation expense 2,218 1,829
Deferred taxes 2,684 (284)
Net amortization of investment securities premiums and discounts 375 111
Unrealized gain recognized on equity securities (10) 0
Impairment loss on investment securities 0 1,703
Gain on sale of SBA and other loans (1,477) (1,421)
Origination of loans held for sale (6,808,457) (6,401,005)
Proceeds from the sale of loans held for sale 6,728,331 6,834,060
Amortization of fair value discounts and premiums 76 27
Net loss on sales of other real estate owned 0 (103)
Valuation and other adjustments to other real estate owned 41 23
Earnings on investment in bank-owned life insurance (2,031) (1,367)
Increase in accrued interest receivable and other assets (6,806) (10,827)
(Decrease) increase in accrued interest payable and other liabilities 7,347 (844)
Net Cash Provided By (Used In) Operating Activities (48,106) 452,174
Cash Flows from Investing Activities    
Proceeds from maturities, calls and principal repayments of securities available for sale 11,489 11,781
Purchases of investment securities available for sale (756,242) (538,544)
Net increase in loans (46,969) (377,517)
Proceeds from sales of loans 16,468 105,448
Purchase of loans 0 (171,839)
Purchases of bank-owned life insurance 0 (50,000)
Proceeds from bank-owned life insurance 529 0
Net (purchases of) proceeds from FHLB, Federal Reserve Bank, and other restricted stock (24,384) (16,810)
Purchases of bank premises and equipment (268) (366)
Proceeds from sales of other real estate owned 0 450
Purchase of leased assets under operating leases (2,755) 0
Net Cash Used In Investing Activities (802,132) (1,037,397)
Cash Flows from Financing Activities    
Net increase in deposits 242,317 31,705
Net increase in short-term borrowed funds from the FHLB 640,755 337,750
Net increase in federal funds purchased 40,000 132,000
Preferred stock dividends paid (3,615) (3,615)
Exercise of warrants 112 420
Payments of employee taxes withheld from share-based awards (587) (2,172)
Proceeds from issuance of common stock 344 1,716
Net Cash Provided By Financing Activities 919,326 497,804
Net Increase (Decrease) in Cash and Cash Equivalents 69,088 (87,419)
Cash and Cash Equivalents – Beginning 146,323 264,709
Cash and Cash Equivalents – Ending 215,411 177,290
Supplementary Cash Flows Information    
Interest paid 29,746 17,015
Income taxes paid 4,174 2,348
Non-cash items:    
Transfer of loans to other real estate owned 57 0
Transfer of loans held for sale to held for investment 129,691 0
Transfer of Portfolio Loans and Leases to Held-for-sale 129,700  
University relationship intangible purchased not settled $ 1,502 $ 0