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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 123,340 $ 60,100 $ 40,103
Adjustments to net income:      
Depreciation and amortization expense 7,773 4,888 2,854
Provision for credit losses 8,253 8,432 9,296
Share-based compensation expense 9,033 5,809 2,729
Loss on sale and disposal of premises and equipment 108 234 656
(Gain) loss on sale of or write down of other real estate owned (355) (46) 321
Net amortization on securities 6,900 7,601 9,157
Net accretion of discounts/premiums for loans acquired and deferred loan fees/costs 4,224 1,627 1,832
Gain on sale of investment securities available-for-sale (1,399) (2,737) (1,797)
Other-than-temporary impairment recovery on investment securities, net 0 0 (205)
Originations of loans held for sale (174,718) (142,104) (103,883)
Proceeds from the sales of and principal payments from loans held for sale 309,706 140,012 115,877
Gain on sale of loans (10,759) (12,468) (9,539)
Deferred income tax expense 9,275 16,866 3,887
Change in accrued expenses and other liabilities, net 1,388 5,193 (4,948)
Income from bank owned life insurance, net (2,774) (1,842) (1,164)
Amortization of core deposit intangible 13,594 6,144 2,039
Change in accrued interest receivable and other assets, net (4,901) (13,932) (3,768)
Net cash (used in) provided by operating activities 298,688 83,777 63,447
Cash flows from investing activities:      
Net increase in interest-bearing time deposits with financial institutions 490 (2,689) 0
Increase in loans, net (338,671) (519,163) (263,075)
Purchase of loans held for investment (61,562) (13,582) (271,159)
Proceeds from sale of other real estate owned 1,058 507 380
Purchase of held-to-maturity securities (29,002) (10,914) 0
Principal payments on held-to-maturity securities 1,785 1,166 1,060
Purchase of securities available-for-sale (462,534) (306,527) (190,140)
Principal payments on securities available for sale 131,268 74,891 37,875
Proceeds from sale of securities available-for-sale 407,004 268,596 230,945
Proceeds from the sale of premises and equipment 0 0 10,049
Proceeds from bank owned insurance death benefit 1,284 198 0
Purchases of premises and equipment (10,295) (4,165) (11,970)
Change in FHLB, FRB, and other stock, at cost (27,086) (12,838) (15,012)
Cash acquired in acquisitions, net 146,571 225,945 40,132
Net cash used in investing activities (239,690) (298,575) (430,915)
Cash flows from financing activities:      
Net increase in deposit accounts 65,553 187,901 313,770
Net change in short-term borrowings (108,064) 61,120 181,846
Proceeds from long-term borrowings 0 12,012 0
Repayment of long-term borrowings (10,500) (9,262) (50,927)
Proceeds from exercise of stock options and warrants 1,924 4,592 1,345
Restricted stock surrendered and canceled (1,669) (1,258) (126)
Net cash (used in) provided by financing activities (52,756) 255,105 445,908
Net change in cash and cash equivalents 6,242 40,307 78,440
Cash and cash equivalents, beginning of year 197,164 156,857 78,417
Cash and cash equivalents, end of year 203,406 197,164 156,857
Supplemental cash flow disclosures:      
Interest paid 53,960 21,777 13,564
Income taxes paid 32,296 18,846 13,139
NONCASH INVESTING ACTIVITIES DURING THE PERIOD      
Transfers from loans to other real estate owned 15 121 197
Loans held for sale transfer to loans held for investment 337 949 1,274
Assets acquired (liabilities assumed) in acquisitions (See Note 26):      
Interest-bearing deposits with financial institutions 0 0 1,972
Investment securities 392,858 442,923 190,254
Loans 2,352,717 2,427,589 456,158
Core deposit intangible 71,943 39,703 4,319
Deferred income tax 4,383 14,959 6,748
Goodwill 313,043 391,070 51,658
Fixed assets 9,122 42,097 4,190
Other assets 97,246 74,379 9,362
Deposits (2,506,929) (2,752,501) (636,591)
Other borrowings (254,923) (180,186) 0
Other liabilities (24,859) (16,395) (8,843)
Common Stock and additional paid-in capital $ (601,172) $ (716,421) $ (120,174)