XML 18 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows (Unudited) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net (loss) income $ 14,171,000 $ (2,988,000)
Adjustments to reconcile net income to net cash provied by (used in) operating activities [Abstract]    
Amortization of deferred loan origination fees, net of costs 888,000 860,000
Amortization of discount to fair value of acquired loan 39,000 2,295,000
Amortization of investment securities premiums, net of accretion of discounts 2,129,000 2,500,000
Amortization of core deposit and customer relationship intangibles 419,000 476,000
Amortization of fair value premium of acquired deposits 97,000 346,000
FDIC Loss Share (Expense) Income 4,029,000 13,084,000
Depreciation and amortization of premises and equipment 2,487,000 2,714,000
Deferred income taxes, net 2,033,000 (613,000)
Provision for loan and lease losses, net 13,789,000 42,193,000
Stock-based compensation 364,000 347,000
(Gain) loss on:    
Sale of securities (11,996,000) (2,572,000)
Sale of mortgage loans held for sale (344,000) (1,258,000)
Gain on sale of derivatives 61,000 (18,000)
Early extinguishment of debt 12,000,000 0
Foreclosed real estate 2,483,000 (567,000)
Sale of other repossessed asset (723,000) 2,148,000
Sale of premises and equipment 14,000 4,000
Originations of loans held-for-sale (39,513,000) (54,615,000)
Proceeds from sale of loans held-for-sale 13,303,000 22,613,000
Net (increase) decrease in:    
Trading securities (26,000) 630,000
Accrued interest receivable 2,245,000 1,751,000
Servicing Assets (364,000) 1,828,000
Other assets (949,000) (801,000)
Net increase (decrease) in:    
Accrued interest on deposits and borrowings (397,000) (765,000)
Net increase (decrease) in accrued expenses and other liabilities 7,239,000 4,573,000
Net cash provided by (used in) operating activities 23,478,000 34,165,000
Purchases of:    
Investment securities available-for-sale (107,000) (948,000)
Investment securities held-to-maturity (32,552,000) (14,221,000)
Maturities and Redemptions of [Abstract]    
Maturities and redemptions of investment securities available-for-sale 40,778,000 55,605,000
Investments securities held-to-maturity 14,704,000 3,925,000
FHLB Stock 22,000 21,000
Proceeds from sale of:    
Investment securities available for sale 295,172,000 67,075,000
Foreclosed real estate and other repossessed assets 12,248,000 15,635,000
Proceeds From Sale Of Loans Held For Investment 478,000 0
Premises and equipment 36,000 0
Origination and purchase of loans, excluding loans held-for-sale (186,640,000) (184,834,000)
Principal repayment of loans, including covered loans 236,787,000 228,993,000
Reimbursements from the FDIC on shared-loss agreements (406,000) (15,462,000)
Additions to premises and equipment (1,922,000) (864,000)
Net change in restricted cash 0 6,999,000
Net cash provided by investing activities 379,410,000 178,850,000
Net increase (decrease) in:    
Deposits 54,635,000 (44,468,000)
Securities sold under agreements to repurchase (310,000,000) (52,816,000)
FHLB advances, federal funds purchased, and other borrowings (460,000) (2,728,000)
Subordinated capital notes 175,000 262,000
Proceeds from (payments to) exercise of stock options and lapsed restricted units, net 0 139,000
Dividends paid on preferred stock (3,465,000) (3,465,000)
Dividends paid on common stock (2,633,000) (4,464,000)
Net cash used in financing activities (261,748,000) (107,540,000)
Net change in cash and cash equivalents 141,140,000 105,475,000
Cash and cash equivalents at beginning of period 536,709,000 573,427,000
Cash and cash equivalents at end of period 677,849,000 678,902,000
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid 16,310,000 17,893,000
Income Taxes Paid 3,642,000 0
Mortgage loans securitized into mortgage-backed securities 23,003,000 25,820,000
Transfer from loans to foreclosed real estate and other repossessed assets 11,629,000 13,618,000
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 0 1,485,000
Reclassification of loans held-for-sale portfolio to investment portfolio $ 0 $ 0