XML 19 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 59,666 $ 35,573
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Amortization of deferred loan origination fees, net of costs 3,433 2,531
Amortization of investment securities premiums, net of accretion of discounts 4,426 6,108
Amortization of core deposit and customer relationship intangibles 989 1,105
FDIC Loss Share Benefit 0 (1,403)
Depreciation and amortization of premises and equipment 6,642 6,654
Deferred income taxes, net 6,827 (2,619)
Provision for loan and lease losses, net 44,808 88,232
Stock-based compensation 978 811
Stock-based compensation excess tax benefit recognized in income (140) (99)
(Gain) loss on:    
Sale of securities 0 (6,896)
Sale of mortgage loans held for sale (275) (792)
Derivatives 1 (103)
Early extinguishment of debt 0 80
Foreclosed real estate 2,828 5,084
Sale of premises and equipment (107) (539)
Originations of loans held-for-sale (72,512) (103,194)
Proceeds from sale of loans held-for-sale 21,593 68,758
Net (increase) decrease in:    
Trading securities (214) 63
Accrued interest receivable 16,517 (2,509)
Servicing Assets 1,045 (40)
Other assets 2,405 14,260
Net increase (decrease) in:    
Accrued interest on deposits and borrowings 643 (345)
Net increase (decrease) in accrued expenses and other liabilities (23,836) (4,745)
Net cash provided by operating activities 73,627 106,055
Purchases of:    
Investment securities available-for-sale (271,062) (128,969)
FHLB stock (113,506) (26,730)
Maturities and Redemptions of [Abstract]    
Maturities and redemptions of investment securities available-for-sale 89,753 83,669
Investments securities held-to-maturity 58,477 65,877
FHLB Stock 115,040 23,507
Proceeds from sale of:    
Investment securities available for sale 14,746 256,996
Foreclosed real estate and other repossessed assets, including write-offs 38,816 31,829
Gain (Loss) on Sale of Property Plant Equipment (1,670) (569)
Origination and purchase of loans, excluding loans held-for-sale (1,015,960) (546,616)
Principal repayment of loans, including covered loans 632,333 571,098
(Repayment to) reimbursement to the FDIC for the termination of shared-loss agreements 0 (10,125)
Additions to premises and equipment (8,107) (4,271)
Net cash provided by investing activities (457,800) 316,834
Net increase (decrease) in:    
Deposits 301,195 180,958
Securities sold under agreements to repurchase 185,308 (369,816)
FHLB advances, federal funds purchased, and other borrowings (25,904) (5,436)
Exercise of stock options and restricted unit lapsed, net 436 0
Dividends paid on preferred stock (10,397) (10,396)
Dividends paid on common stock (7,918) (7,912)
Net cash used in financing activities 442,720 (212,602)
Net change in cash and cash equivalents 58,547 210,287
Cash, Restricted Cash And Cash Equivalents, beginng balance 488,233 513,469
Cash, Restricted Cash And Cash Equivalents, ending balance 546,780 723,756
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid net 29,523 30,777
Income Taxes Paid 13,446 23
Mortgage loans securitized into mortgage-backed securities 59,050 69,148
Transfer from loans to foreclosed real estate and other repossessed assets 36,848 37,852
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 5,795 33,647
Reclassification of loans held-for-sale portfolio to investment portfolio 1,247 112
Financed sales of foreclosed real estate 912 579
Loans booked under GNMA buy-back option $ 13,325 $ 12,999