XML 19 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 36,210 $ 23,623
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation, amortization, net of discount accretion (504) (798)
Stock-based compensation expense 746 22
Provision for loan losses 5,600 500
Valuation adjustment of OREO 592 695
Change in deferred income taxes, net 7,182 6,794
Proceeds from sales of loans held for sale 70,254 25,900
Originations of loans held for sale (53,903) (29,593)
Net gains on sales of SBA and other loans (3,670) (1,825)
Originations of servicing assets (1,296) (777)
Earnings on BOLI (394) (274)
Derivative, Gain (Loss) on Derivative, Net 33 0
Loss on disposal of equipment 147 0
Net loss (gain) on sales of OREO 3 (132)
Net change in accrued interest receivable 1,197 (465)
Loss on investments in affordable housing partnership 2,077 405
Net change in other assets 6,981 (18,978)
Net change in accrued interest payable (271) 739
Net change in other liabilities (850) (981)
Net cash provided by operating activities 71,218 4,855
CASH FLOWS FROM INVESTING ACTIVITIES    
Net change in loans receivable (17,288) (120,570)
Proceeds from sales of OREO 194 2,617
Purchase of premises and equipment (2,491) (2,303)
Purchase of securities available for sale (94,890) (99,566)
Purchases of other investments 0 (1,470)
Redemption of FHLB stock 761 0
Proceeds from matured, called, or paid-down of securities available for sale 68,124 36,435
Investments in affordable housing partnerships 1,379 0
Net cash used in investing activities (46,725) (184,857)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 65,218 126,459
Cash dividends paid on Common Stock (16,229) (8,752)
Proceeds from FHLB advances 50,000 150,000
Repayment of FHLB advances 100,000 150,000
Issuance of additional stock pursuant to various stock plans 252 7
Tax effects of issuance of shares from various stock plans 73  
Net cash (used in) provided by financing activities (759) 117,714
NET CHANGE IN CASH AND CASH EQUIVALENTS 23,734 (62,288)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 437,334 298,389
CASH AND CASH EQUIVALENTS, END OF PERIOD 461,068 236,101
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 21,767 11,115
Income taxes paid 1,161 20,862
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES    
Transfer from loans receivable to OREO 137 1,895
Transfer from loans receivable to loans held for sale 9,451 450
Loans transferred to loans receivable from held for sale 159 0
Transfer of premises and equipment to premises held for sale 3,300 0
New commitments to fund affordable housing partnership investments 8,500 0
Payments for (Proceeds from) Other Investing Activities 244 0
Impairment of property, plant, and equipment held for sale $ 1,084 $ 0