XML 23 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows
$ in Thousands
9 Months Ended
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Cash flows from operating activities:    
Net income $ 40,661 $ 35,209
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 2,426 1,628
Provision for loan losses 7,223 2,984
Deferred income taxes 1,239 3,881
Net amortization of debt securities 2,064 2,350
Amortization of intangible assets 1,920 718
Gain on sale of investment securities (22) (86)
Mortgage loans originated for sale (115,365) (117,975)
Proceeds from mortgage loans sold 118,798 117,639
Gain on sale of other real estate (17) (602)
Gain on state tax credits, net (332) (899)
Excess tax benefit of share-based compensation 0 (744)
Share-based Compensation 2,514 2,410
Net accretion of loan discount (3,796) (8,165)
Changes in:    
Accrued interest receivable (302) (127)
Accrued interest payable 249 19
Other assets 755 (2,100)
Other liabilities (44,398) (8,057)
Net cash provided by operating activities 13,617 28,083
Cash flows from investing activities:    
Proceeds from Previous Acquisition 4,456 0
Net increase in loans (201,715) (256,706)
Proceeds from the sale of securities, available for sale 144,076 2,493
Proceeds from the paydown or maturity of securities, available for sale 126,073 46,017
Proceeds from the paydown or maturity of securities, held to maturity 4,145 2,592
Proceeds from the redemption of other investments 29,159 44,968
Proceeds from the sale of state tax credits held for sale 4,391 4,918
Proceeds from the sale of other real estate 2,513 8,072
Payments for the purchase/origination of:    
Available for sale debt and equity securities (263,453) (71,309)
Other investments (45,224) (48,283)
State tax credits held for sale (145) (2,349)
Fixed assets (1,864) (1,284)
Net cash used in investing activities (197,588) (270,871)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposit accounts 20,684 44,695
Net increase in interest-bearing deposit accounts 39,998 295,539
Proceeds from Federal Home Loan Bank advances 1,394,181 1,309,000
Repayments of Federal Home Loan Bank advances (1,145,681) (1,290,000)
Proceeds from Issuance of Long-term Debt 10,000 0
Net decrease in other borrowings (123,987) (80,304)
Cash dividends paid on common stock (7,709) (6,005)
Excess tax benefit of share-based compensation 0 744
Payments for Repurchase of Common Stock 16,636 4,889
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures (2,573) (1,650)
Net cash provided by financing activities 168,277 267,130
Net increase (decrease) in cash and cash equivalents (15,694) 24,342
Cash and cash equivalents, beginning of period 198,802 94,157
Cash and cash equivalents, end of period 183,108 118,499
Supplemental Cash Flow Information [Abstract]    
Cash paid during the period for interest 16,948 9,726
Cash paid during the period for income taxes 9,382 19,868
Noncash transactions:    
Transfer to other real estate owned in settlement of loans 289 2,683
Sales of other real estate financed $ 0 $ 140
Common shares issued related to acquisition 141,729 0