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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 77,245 $ 55,305
Adjustments to net income:    
Depreciation and amortization expense 4,636 3,717
Provision for credit losses 1,860 4,014
Share-based compensation expense 5,313 3,917
(Gain) loss on sale and disposal of premises and equipment (170) 52
(Gain) loss on sale of or write down of other real estate owned (75) 21
Net amortization on securities 2,573 3,622
Net accretion of deferred loan fees/costs and discounts/premiums for loans acquired 12,271 8,444
Gain on sale of investment securities available-for-sale (639) (336)
Originations of loans held for sale (59,801) (53,064)
Proceeds from the sales of and principal payments from loans held for sale 61,356 72,667
Gain on sale of loans (2,631) (6,801)
Deferred income tax expense 1,988 1,699
Change in accrued expenses and other liabilities, net (11,315) 9,709
Income from bank owned life insurance, net (1,367) (961)
Amortization of core deposit intangible 8,717 4,269
Change in accrued interest receivable and other assets, net (462) 8,299
Net cash provided by operating activities 99,499 114,573
Cash flows from investing activities:    
Net decrease in interest-bearing time deposits with financial institutions 3,187 0
Proceeds from sale of other real estate owned 390 108
Loan originations and payments, net 21,562 (115,696)
Proceeds from loans held for sale previously classified as portfolio loans 74,070 21,556
Purchase of loans held for investment (48,903) 0
Purchase of held-to-maturity securities 0 (14,036)
Principal payments on held-to-maturity securities 2,214 318
Purchase of securities available-for-sale (400,409) (181,536)
Principal payments on securities available-for-sale 55,549 47,743
Proceeds from sale or maturity of securities available-for-sale 227,138 20,323
Proceeds from the sale of premises and equipment 11,108 0
Proceeds from bank owned life insurance death benefit 405 0
Purchases of premises and equipment (5,101) (4,663)
Change in FHLB, FRB, and other stock, at cost 2,416 (7,883)
Funding of CRA investments (5,338) (11,807)
Net cash used in investing activities (61,712) (245,573)
Cash flows from financing activities:    
Net increase in deposit accounts 203,571 222,464
Net change in short-term borrowings (86,075) (146,677)
Repayment of long-term FHLB borrowings (10,000) (10,500)
Proceeds from issuance of subordinated debt, net 122,453 0
Cash dividends paid (27,541) 0
Repurchase and retirement of common stock (65,969) 0
Proceeds from exercise of stock options 381 1,596
Restricted stock surrendered and canceled (2,629) (1,579)
Net cash provided by financing activities 134,191 65,304
Net increase (decrease) in cash and cash equivalents 171,978 (65,696)
Cash and cash equivalents, beginning of period 203,406 197,164
Cash and cash equivalents, end of period 375,384 131,468
Supplemental cash flow disclosures:    
Interest paid 39,469 20,053
Income taxes paid 26,634 17,491
Noncash investing activities during the period:    
Transfers from portfolio loans to loans held for sale 75,175 24,811
Transfers from loans to other real estate owned 203 0
Recognition of operating lease right-of-use assets (48,685) 0
Recognition of operating lease liabilities 48,685 0
Receivable on unsettled security sales $ 0 $ 5,033