XML 19 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 16,917 $ 15,150
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Amortization of deferred loan origination fees, net of costs 1,118 618
Amortization of investment securities premiums, net of accretion of discounts 1,614 2,336
Amortization of core deposit and customer relationship intangibles 330 369
FDIC Loss Share Benefit 0 (1,403)
Depreciation and amortization of premises and equipment 2,277 2,110
Deferred income taxes, net 586 2,443
Provision for loan and lease losses, net 15,460 17,654
Stock-based compensation 291 218
Stock-based compensation excess tax benefit recognized in income (127) 0
(Gain) loss on:    
Sale of securities 0 0
Sale of mortgage loans held for sale (87) (207)
Derivatives 0 (81)
Early extinguishment of debt 0 0
Foreclosed real estate 1,284 1,570
Sale of other repossessed asset 217 (160)
Originations of loans held-for-sale (23,292) (38,945)
Proceeds from sale of loans held-for-sale 5,945 10,893
Net (increase) decrease in:    
Trading securities (102) 33
Accrued interest receivable 14,828 1,672
Servicing Assets 712 (170)
Other assets 10,448 11,615
Net increase (decrease) in:    
Accrued interest on deposits and borrowings (359) (1,031)
Net increase (decrease) in accrued expenses and other liabilities (11,235) (25)
Net cash provided by operating activities 35,401 24,999
Purchases of:    
Investment securities available-for-sale (173,162) (51,430)
FHLB stock (35,775) (7,065)
Maturities and Redemptions of [Abstract]    
Maturities and redemptions of investment securities available-for-sale 23,408 28,659
Investments securities held-to-maturity 19,844 20,551
FHLB Stock 38,271 697
Proceeds from sale of:    
Foreclosed real estate and other repossessed assets, including write-offs (619) (127)
Origination and purchase of loans, excluding loans held-for-sale (286,129) (171,153)
Principal repayment of loans, including covered loans 197,622 213,135
(Repayment to) reimbursement to the FDIC for the termination of shared-loss agreements 0 (10,125)
Additions to premises and equipment (1,580) (1,489)
Net cash provided by investing activities (218,120) 21,653
Net increase (decrease) in:    
Deposits 40,198 51,853
Securities sold under agreements to repurchase 81,000 (121,792)
FHLB advances, federal funds purchased, and other borrowings (55,221) (378)
Exercise of stock options and restricted unit lapsed, net 0 (1)
Dividends paid on preferred stock (3,465) (3,465)
Dividends paid on common stock (2,638) (3,037)
Net cash used in financing activities 59,874 (76,820)
Net change in cash and cash equivalents (122,845) (30,168)
Cash, Restricted Cash And Cash Equivalents, beginng balance 488,233 513,469
Cash, Restricted Cash And Cash Equivalents, ending balance 365,388 483,301
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid net 9,103 12,131
Mortgage loans securitized into mortgage-backed securities 17,954 24,921
Transfer from loans to foreclosed real estate and other repossessed assets 11,179 1,601
Reclassification of loans held-for-sale portfolio to investment portfolio 1,247 0
Financed sales of foreclosed real estate 369 242
Loans booked under GNMA buy-back option $ 12,515 $ 9,973