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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities      
Net income $ 89,289 $ 45,972 $ 27,509
Reconciliation of net income to net cash provided by operating activities:      
Provision (reversal) for loan losses (3,589) 723 (23)
Net security premium amortization 2,749 2,908 3,341
Loan discount accretion (7,812) (7,076) (4,451)
Purchase accounting accretion and amortization, net (190) (236)
FDIC indemnification asset expense, net 10,255
Foreclosed property losses and write-downs, net 565 531 625
Loss (gain) on securities available for sale 235 (3)
Other (gains) losses (723) (383) 29
Decrease (increase) in net deferred loan costs (2,285) 975 922
Depreciation of premises and equipment 6,077 5,493 4,602
Stock-based compensation expense 1,569 1,095 714
Amortization of intangible assets 6,763 4,240 1,211
Fees/gains from sale of presold mortgage and SBA loans (13,101) (11,174) (3,466)
Originations of presold mortgage loans in process of settlement (118,791) (228,871) (76,912)
Proceeds from sales of presold mortgage loans in process of settlement 129,519 235,493 81,127
Origination of SBA loans for sale (196,784) (95,436) (24,784)
Proceeds from sales of SBA loans 157,427 77,034 20,021
Gain on sale of branches (1,466)
Increase in accrued interest receivable (1,910) (1,072) (120)
Decrease (increase) in other assets 3,525 6,724 (724)
Increase (decrease) in accrued interest payable 741 392 (4)
Increase (decrease) in other liabilities (6,629) (10,729) 2,868
Net cash provided by operating activities 46,410 26,838 41,271
Cash Flows From Investing Activities      
Purchases of securities available for sale (230,794) (191,260) (114,396)
Purchases of securities held to maturity (291)
Proceeds from maturities/issuer calls of securities available for sale 60,871 37,974 76,939
Proceeds from maturities/issuer calls of securities held to maturity 16,183 22,344 23,368
Proceeds from sales of securities available for sale 140,621 8
Purchases of Federal Reserve and Federal Home Loan Bank stock, net (6,129) (9,947) (3,933)
Net increase in loans (152,972) (204,631) (192,393)
Payments related to FDIC loss share agreements (1,554)
Payment to FDIC for termination of loss share agreements (2,012)
Proceeds from sales of foreclosed real estate 7,532 8,647 7,954
Purchases of premises and equipment (10,723) (4,659) (8,689)
Proceeds from sales of premises and equipment 2,753 151 2,025
Proceeds from branch sale 26,211
Net cash received (paid) in acquisitions 72,519 (53,640)
Net cash used by investing activities (313,279) (128,532) (240,112)
Cash Flows From Financing Activities      
Net increase in deposits 252,756 195,468 158,989
Net increase (decrease) in borrowings (1,116) 97,263 85,000
Cash dividends paid - common stock (11,281) (7,596) (6,399)
Cash dividends paid - preferred stock (233)
Proceeds from stock option exercises 324 287 375
Stock withheld for payment of taxes (406) (231) (166)
Net cash provided by financing activities 240,277 285,191 237,566
Increase (decrease) in Cash and Cash Equivalents (26,592) 183,497 38,725
Cash and Cash Equivalents, Beginning of Year 489,490 305,993 267,268
Cash and Cash Equivalents, End of Year 462,898 489,490 305,993
Supplemental Disclosures of Cash Flow Information:      
Cash paid during the period for interest 23,036 12,239 7,653
Cash paid during the period for income taxes 21,162 19,537 11,791
Non-cash: Foreclosed loans transferred to foreclosed real estate 4,148 5,452 8,117
Non-cash: Unrealized gain (loss) on securities available for sale, net of taxes $ (7,800) $ 553 $ (1,238)