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CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 25,309 $ 16,786
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,862 2,881
Stock–based compensation expense 912 712
Depreciation and amortization 1,765 1,338
Deferred tax expense 23 758
Accretion of discounts on purchased loans, net (430) (755)
Gain on sale of loans (4,312) (7,238)
Gain on sale of capital market activities   (1,307)
Gain on sale of REO (104)  
Increase in other assets (3,934) (1,429)
Increase in accounts payable and other liabilities 6,538 1,970
Net cash provided by operating activities 27,629 13,716
Cash Flows from Investing Activities:    
Net increase in loans (including changes in loans held for sale) (889,326) (1,008,136)
Proceeds from sale of loans 288,724 270,005
Proceeds from sale of REO 438 4,442
Purchases of premises and equipment (1,767) (4,027)
Purchases of securities AFS (10,338) (130,829)
Proceeds from sale of securities AFS   104,146
Maturities/payments – securities AFS 53,168 60,715
Purchases (net of redemptions) of FHLB stock 16,500 (4,185)
Net cash used in investing activities (542,601) (707,869)
Cash Flows from Financing Activities:    
Increase in deposits 841,931 816,561
FHLB Advances – net (decrease) increase (844,000) 155,000
Proceeds – term note 15,000 0
Proceeds from sale of stock, net 27,305 3,657
Net cash provided by financing activities 40,236 975,218
Increase (decrease) in cash and cash equivalents (474,736) 281,065
Cash and cash equivalents at beginning of year 597,946 215,748
Cash and cash equivalents at end of period 123,210 496,813
Supplemental disclosures of cash flow information:    
Interest 15,353 7,334
Income taxes 11,135 10,050
Noncash transactions:    
Transfer of loans to loans held for sale 189,928 468,743
Mortgage servicing rights created from loan sales 1,954 1,945
Chargeoffs (recoveries) against allowance for loans losses $ 238 119
Transfer of loans to REO   $ 950