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Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities of Continuing Operations    
Net income from continuing operations $ 26,924 $ 19,308
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for loan losses, net of change to FDIC receivable and clawback liability 3,050 1,980
Provision for depreciation and amortization 1,307 846
Share-based compensation 1,641 1,689
Deferred taxes (284) 468
Net amortization of investment securities premiums and discounts 111 205
Gain on sale of investment securities 0 (26)
Impairment loss on investment securities 1,703 0
Gain on sale of mortgages and other loans (1,421) (810)
Origination of loans held for sale (6,401,005) (6,876,748)
Proceeds from the sale of loans held for sale 6,834,060 6,693,763
Decrease in FDIC loss sharing receivable net of clawback liability 0 304
Amortization (accretion) of fair value discounts and premiums 27 (114)
Net (gain) loss on sales of other real estate owned (103) 15
Valuation and other adjustments to other real estate owned, net of FDIC receivable 23 170
Earnings on investment in bank-owned life insurance (1,367) (1,123)
Increase in accrued interest receivable and other assets (7,794) (21,519)
(Decrease) increase in accrued interest payable and other liabilities (3,215) 4,288
Net Cash Provided By (Used In) Operating Activities of Continuing Operations 453,657 (177,304)
Cash Flows from Investing Activities of Continuing Operations    
Proceeds from maturities, calls and principal repayments of securities available for sale 11,781 12,902
Proceeds from sales of investment securities available for sale 0 2,848
Purchases of investment securities available for sale (538,544) (5,000)
Net increase in loans (387,069) (449,066)
Proceeds from sales of loans 105,448 6,946
Purchase of loans (171,839) 0
Purchases of bank-owned life insurance (50,000) 0
Net purchases of FHLB, Federal Reserve Bank, and other restricted stock (16,810) (1,428)
Payments to the FDIC on loss sharing agreements 0 (320)
Purchases of bank premises and equipment (195) (1,615)
Proceeds from sales of other real estate owned 450 86
Net Cash Used In Investing Activities of Continuing Operations (1,046,778) (434,647)
Cash Flows from Financing Activities of Continuing Operations    
Net (decrease) increase in deposits (219,919) 479,449
Net increase (decrease) in short-term borrowed funds from the FHLB 337,750 (16,600)
Net increase in federal funds purchased 132,000 10,000
Proceeds from long-term FHLB borrowings 0 25,000
Net proceeds from issuance of preferred stock 0 24,108
Preferred stock dividends paid (3,615) (1,214)
Exercise and redemption of warrants 420 118
Payments of employee taxes withheld from share-based awards (2,172) (702)
Proceeds from issuance of common stock 1,716 1,309
Net Cash Provided By Financing Activities of Continuing Operations 246,180 521,468
Net Decrease in Cash and Cash Equivalents of Continuing Operations (346,941) (90,483)
Discontinued Operations:    
Net cash used in operating activities (1,643) (1,201)
Net cash provided by investing activities 9,381 60
Net cash provided by financing activities 251,624 89,669
Net Cash Flows Provided by Discontinued Operations 259,362 88,528
Net Decrease in Cash and Cash Equivalents (87,579) (1,955)
Cash and Cash Equivalents – Beginning 244,709 264,593
Cash and Cash Equivalents – Ending 157,130 262,638
Supplementary Cash Flows Information    
Interest paid 17,015 13,018
Income taxes paid 2,348 15,789
Non-cash items:    
Transfer of loans to other real estate owned $ 0 $ 320