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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities:      
Net income $ 27,582 $ 23,303 $ 13,378
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 2,762 4,681 2,673
Depreciation and amortization 2,384 1,858 1,350
Stock–based compensation expense 1,838 899 613
Deferred tax expense 4,511 1,337 (1,866)
Amortization of core deposit intangible 394 239 180
Amortization of mortgage servicing rights 555 184 2
Amortization of premiums on purchased loans - net (586) (1,200) (612)
Gain on sale of REO (104)    
Gain on sale of loans (7,029) (7,812) (2,935)
Gain on sale of securities   (1,307)  
Increase in other assets (1,541) (2,089) (3,655)
Increase (decrease) in accounts payable and other liabilities 7,106 (323) 4,741
Net cash provided by operating activities 37,872 19,770 13,869
Cash Flows from Investing Activities:      
Net increase in loans (1,238,225) (1,348,286) (626,245)
Proceeds from sale of loans 457,498 311,709 106,251
Purchases of AFS securities (29,338) (145,614) (446,652)
Proceeds from sale of securities 62,174 104,146  
Maturities of AFS securities 73,593 91,128 22,826
Proceeds from sale of REO 438 4,652  
Purchase of REO property (404)    
Cash in from merger 91,018   38,081
Sale (purchase) of FHLB stock, net 16,500 (12,258) (8,979)
Purchase of premises and equipment (2,235) (5,935) (1,753)
Net cash used in investing activities (568,981) (1,000,458) (916,471)
Cash Flows from Financing Activities:      
Increase in deposits 605,171 904,619 439,381
Net (decrease) increase in FHLB advances (622,000) 454,000 533,000
Term note - borrowings     10,114
Term note - payments     (30,000)
Borrowings on line of credit 50,000    
Payoff of acquired debt (8,000)    
Proceeds from the sale and issuance of stock, net 28,386 4,267 136,163
Net cash provided by financing activities 53,557 1,362,886 1,088,658
Increase (decrease) in cash and cash equivalents (477,552) 382,198 186,056
Cash and cash equivalents at beginning of year 597,946 215,748 29,692
Cash and cash equivalents at end of year 120,394 597,946 215,748
Supplemental disclosures of cash flow information:      
Interest 21,704 10,695 6,082
Income taxes 14,655 17,156 10,050
Noncash transactions:      
Transfer of loans to loans held for sale 357,462 519,721 102,026
Chargeoffs (recoveries) against allowance for loans losses (238) (119) $ 2,223
Transfer from loans to REO $ 1,520 $ 2,350