XML 17 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 33,623,000 $ 29,915,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 3,880,000 2,892,000
Net accretion on loans (6,884,000) (5,374,000)
Amortization of subordinated notes issuance costs 75,000 70,000
Amortization of junior subordinated debentures 343,000 307,000
Net amortization on securities 639,000 823,000
Amortization of intangible assets 4,542,000 2,892,000
Deferred taxes 1,329,000 4,405,000
Provision for loan losses 14,257,000 9,697,000
Stock based compensation 1,966,000 1,484,000
Net (gains) losses on sale of securities 272,000 (35,000)
Net (gain) loss on loans transferred to loans held for sale   46,000
Net OREO (gains) losses and valuation adjustments 551,000 86,000
Gain on sale of subsidiary or division (1,071,000) (20,860,000)
Income from CLO warehouse investments   (1,954,000)
Origination of loans held for sale (185,000)  
Proceeds from sale of loans originated for sale 740,000  
(Increase) decrease in other assets (7,084,000) 1,857,000
Increase (decrease) in other liabilities 6,107,000 6,741,000
Net cash provided by (used in) operating activities 53,100,000 32,992,000
Cash flows from investing activities:    
Purchases of securities available for sale   (5,042,000)
Proceeds from sales of securities available for sale 123,016,000 2,936,000
Proceeds from maturities, calls, and pay downs of securities available for sale 38,389,000 66,253,000
Purchases of securities held to maturity   (5,092,000)
Proceeds from maturities, calls, and pay downs of securities held to maturity 898,000 17,993,000
Proceeds from sale of loans 0 1,919,000
Net change in loans (281,518,000) (394,859,000)
Purchases of premises and equipment, net (16,479,000) (1,390,000)
Net proceeds from sale of OREO 7,771,000 1,708,000
Proceeds from surrender of BOLI 4,562,000  
Net proceeds from CLO warehouse investments   20,000,000
(Purchases) redemptions of FHLB stock, net (6,188,000) (7,646,000)
Cash paid for acquisitions, net of cash acquired (141,872,000)  
Proceeds from sale of subsidiary, net 73,849,000 10,269,000
Net cash provided by (used in) investing activities (197,572,000) (292,951,000)
Cash flows from financing activities:    
Net increase (decrease) in deposits 135,654,000 (3,240,000)
Increase (decrease) in customer repurchase agreements 1,760,000 9,379,000
Increase (decrease) in Federal Home Loan Bank advances (35,737,000) 155,000,000
Issuance of common stock, net of expenses 192,053,000 65,528,000
Stock option exercises (4,000) 281,000
Purchase of treasury stock (396,000) (366,000)
Dividends on preferred stock (578,000) (580,000)
Net cash provided by (used in) financing activities 292,752,000 226,002,000
Net increase (decrease) in cash and cash equivalents 148,280,000 (33,957,000)
Cash and cash equivalents at beginning of period 134,129,000 114,514,000
Cash and cash equivalents at end of period 282,409,000 80,557,000
Supplemental cash flow information:    
Interest paid 21,790,000 13,609,000
Income taxes paid, net 8,567,000 7,676,000
Supplemental noncash disclosures:    
Loans transferred to OREO 221,000 6,194,000
Premises transferred to OREO $ 1,139,000 276,000
Loans transferred to loans held for sale   1,965,000
Consideration received from sale of subsidiary or division   $ 12,123,000