XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 47,449 $ 36,566
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred loan origination fees and fair value premiums on acquired loans 1,951 2,296
Amortization of investment securities premiums, net of accretion of discounts 2,602 3,045
Amortization of core deposit and customer relationship intangibles 585 659
Net change in operating leases 12 0
Depreciation and amortization of premises and equipment 4,209 4,454
Deferred income tax expense, net 1,689 4,001
Provision for loan losses, net 29,954 30,207
Stock-based compensation 987 635
Stock-based compensation excess tax benefit recognized in income 0 (140)
(Gain) loss on:    
Sale of securities 4,776 0
Sale of loans 256 185
Derivatives (1) 0
Early extinguishment of repurchase agreements (7) 0
Foreclosed real estate and other repossessed assets 1,821 1,436
Sale of other repossesed assets 55 9
Sale of other assets 29 44
Originations of loans held-for-sale (38,290) (47,929)
Proceeds from sale of loans held-for-sale 9,735 11,306
Net (increase) decrease in:    
Trading securities 52 227
Accrued interest receivable 345 15,493
Servicing assets 582 (1,008)
Other assets 958 6,683
Net (decrease) in:    
Accrued interest on deposits and borrowings (1,034) (359)
Accrued expenses and other liabilities (24,027) (18,419)
Net cash provided by operating activities 34,368 48,461
Purchases of:    
Investment securities available-for-sale (784) (259,665)
FHLB stock (1,167) (99,365)
Maturities and redemptions of:    
Investment securities available-for-sale 92,634 54,727
Investments securities held-to-maturity 0 38,640
FHLB stock 990 98,441
Proceeds from sales of:    
Investment securities available-for-sale 354,501 0
Foreclosed real estate and other repossessed assets, including write-offs 24,452 25,059
Premises and equipment 42 873
Origination and purchase of loans, excluding loans held-for-sale (564,647) (693,586)
Principal repayment of loans 463,287 382,191
Additions to premises and equipment (6,331) (3,597)
Net cash provided by (used in) investing activities 362,977 (456,282)
Net increase (decrease) in:    
Deposits 52,745 86,293
Securities sold under agreements to repurchase (214,730) 194,879
FHLB advances, federal funds purchased, and other borrowings 1,585 28,816
Restricted units lapsed 462 172
Dividends paid on preferred stock (2,855) (6,930)
Dividends paid on common stock (7,185) (5,277)
Net cash (used in) provided by financing activities (169,978) 297,953
Net change in cash, cash equivalents and restricted cash 227,367 (109,868)
Cash, cash equivalents and restricted cash at beginning of period 450,063 488,233
Cash, cash equivalents and restricted cash at end of period 677,430 378,365
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Total cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 450,063 488,233
Interest paid net 26,324 19,095
Income taxes paid 29,371 8,890
Operating lease liabilities paid 3,329 0
Mortgage loans securitized into mortgage-backed securities 25,837 37,618
Transfer from held-to-maturity securities to available-for-sale securities 424,740 0
Transfer from loans to foreclosed real estate and other repossessed assets 22,183 25,465
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 1,383 0
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio 49 1,247
Financed sales of foreclosed real estate 703 667
Loans booked under the GNMA buy-back option 11,675 14,521
Initial recognition of operating lease right-of-use assets 21,930 0
Initial recognition of operating lease liabilities $ 23,689 $ 0