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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES      
NET INCOME $ 40,103 $ 25,515 $ 16,616
Adjustments to net income:      
Depreciation and amortization expense 2,854 2,432 2,198
Provision for loan losses 8,776 6,425 4,684
Share-based compensation expense 2,729 1,165 514
Loss on sale and disposal of premises and equipment 656 0 23
Loss on sale of or write down of other real estate owned 321 92 17
Net amortization on securities available-for-sale 9,157 3,822 2,641
Net accretion of discounts/premiums for loans acquired and deferred loan fees/costs 1,832 (2,967) (2,179)
Gain on sale of investment securities available-for-sale (1,797) (290) (1,547)
Other-than-temporary impairment recovery on investment securities, net (205) 0 (29)
Originations of loans held for sale (103,883) (87,900) 0
Proceeds from the sales of and principal payments from loans held for sale 115,877 86,604 31
Gain on sale of loans (9,539) (7,970) (6,120)
Deferred income tax benefit 3,887 (1,395) (2,375)
Change in accrued expenses and other liabilities, net (4,428) 6,786 2,764
Income from bank owned life insurance, net (1,164) (1,147) (771)
Amortization of core deposit intangible 2,039 1,350 1,014
Change in accrued interest receivable and other assets, net (3,768) (8,853) (4,293)
Net cash provided by (used in) operating activities 63,447 23,669 13,188
Cash flows from investing activities:      
Net increase in interest-bearing time deposits with financial institutions 0 (1,972) 0
Increase in loans, net (263,075) (247,000) (226,345)
Purchase of loans held for investment (271,159) (43,440) (73,055)
Change in other real estate owned from sales and write-downs 380 (216) 777
Purchase of held-to-maturity securities 0 (9,642) 0
Principal payments on securities available-for-sale 38,935 33,751 26,815
Purchase of securities available-for-sale (190,140) (90,127) (133,689)
Proceeds from sale of securities available-for-sale 223,365 22,032 163,241
Proceeds from maturity of securities available-for-sale 7,580 5,610 3,100
Proceeds from the sale of premises and equipment 10,049 1,506 0
Investment in bank owned life insurance 0 0 (2,000)
Purchases of premises and equipment (11,970) (1,887) (1,448)
Change in FHLB, FRB, and other stock, at cost (15,012) (2,856) (1,617)
Cash acquired (paid) in acquisitions 40,132 2,961 (7,793)
Net cash used in investing activities (430,915) (331,280) (252,014)
Cash flows from financing activities:      
Net increase in deposit accounts 313,770 228,279 324,540
Proceeds from issuance of subordinated debt 0 0 58,834
Change in FHLB advances and other borrowings, net 130,919 46,182 (155,065)
Proceeds from exercise of stock options and warrants 1,345 758 267
Repurchase of common stock (126) (116) (5,638)
Net cash provided financing activities 445,908 275,103 222,938
Net increase (decrease) in cash and cash equivalents 78,440 (32,508) (15,888)
Cash and cash equivalents, beginning of year 78,417 110,925 126,813
Cash and cash equivalents, end of year 156,857 78,417 110,925
Supplemental cash flow disclosures:      
Interest paid 13,564 12,081 6,500
Income taxes paid 13,139 12,127 14,700
Assets acquired (liabilities assumed) in acquisitions (See Note 23):      
Investment securities 186,583 53,752 0
FHLB, FRB and other stock 3,671 2,369 0
Loans 456,158 332,893 78,833
Core deposit intangible 4,319 2,903 0
Deferred income tax 6,748 4,794 0
Bank owned life insurance 0 11,276 0
Goodwill 51,658 27,882 5,522
Fixed assets 4,190 2,134 74
Other assets 9,362 2,402 702
Deposits (636,591) (336,018) 0
Other borrowings 0 (33,300) (67,617)
Other liabilities (8,843) (1,796) (709)
NONCASH INVESTING ACTIVITIES DURING THE PERIOD      
Transfers from loans to other real estate owned 197 450 645
Loans held for sale transfer to loans held for investment $ 0 $ 0 $ 2,936