XML 20 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 33,386 $ 18,341
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net 24,843 17,569
Provision for loan losses 9,492 1,959
(Recovery) for deferred taxes (2,172) (703)
(Gain) loss on other assets (14) 10
(Gain) on foreclosed real estate (7) 0
(Gain) loss on sale of securities available for sale, net 1,378 (50)
Capital lease obligations interest expense 61 (63)
Net change in accrued interest receivable (3,703) (2,431)
Originations of loans held for sale (685,934) 0
Proceeds from sales of loans held for sale 685,934 0
Change in bank-owned life insurance value (892) (754)
Net change in other assets (40,079) (6,092)
Net change in accrued interest payable (153) (105)
Net change in accrued expenses and other liabilities 47,872 14,454
Net cash provided by (used in) operating activities 70,012 42,135
Cash flows from investing activities:    
Purchase of securities available-for-sale (577,967) (454,450)
Proceeds from sales of securities available-for-sale 113,647 100,298
Proceeds from maturities and principal repayments of securities available-for-sale 59,383 52,991
Purchase of securities held to maturity (931) (147,906)
Proceeds from maturities and principal repayments of securities held to maturity 21,112 6,059
Purchase of bank owned life insurance 0 (10,000)
Purchase of student loan portfolio (136,172) 0
Proceeds from loan sales 11,205 88
Net change in loans receivable (102,576) (73,243)
Proceeds from sales of foreclosed real estate 83 0
Net cash paid for acquisitions (29,425) 0
Federal Home Loan Bank stock purchases (243,971) (403,981)
Federal Home Loan Bank stock redemptions 266,440 405,960
Proceeds from the sale of premises and equipment 58 13
Purchase of premises and equipment (4,210) (3,663)
Net cash provided by (used in) investing activities (623,324) (527,834)
Cash flows from financing activities:    
Net change in checking, savings, and money market deposits 485,048 602,597
Net change in time deposits (64,822) (39,370)
Net change in wholesale deposits 21,923 0
Net change in FHLB and other borrowings (100,000) 0
Net change in federal funds (499,000) (75,000)
Net change in securities sold under agreements to repurchase (1,191) (2,381)
Principal payments on capital lease obligations (38) (62)
Cash dividends paid (2,409) (2,174)
Stock compensation 493 666
Proceeds from issuance of common stock 6,771 13,245
Net cash provided by (used in) financing activities (153,225) 497,521
Net change in cash and cash equivalents (706,537) 11,822
Cash and cash equivalents at beginning of period 773,830 27,658
Cash and cash equivalents at end of period 67,293 39,480
Cash paid during the period for:    
Interest 6,341 1,516
Income taxes 2,371 1,789
Franchise taxes 95 39
Other taxes 260 58
Supplemental schedule of non-cash investing activities:    
Stock issued for acquisitions (37,296) 0
Contingent consideration - cash (17,252) 0
Contingent consideration - equity (24,142) 0
Sale of available-for-sale securities accrued $ 0 $ 10,499