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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities      
Net income $ 58,583 $ 43,214 $ 32,694
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Provision for loan losses, net of change to FDIC receivable and clawback liability 20,566 14,747 2,236
Loss contingency 0 0 2,000
Provision for depreciation and amortization 3,998 3,604 3,129
Share-based compensation expense 5,661 5,237 3,368
Deferred taxes (10,092) (6,187) 2,210
Net amortization of investment securities premiums and discounts 858 821 475
Loss (gain) on sale of investment securities 85 (3,191) (1,274)
Gain on sale of mortgages and other loans (4,479) (5,344) (852)
Origination of loans held for sale (29,925,763) (18,138,339) (20,670,866)
Proceeds from the sale of loans held for sale 29,504,104 17,553,196 21,360,465
Increase in FDIC loss sharing receivable net of clawback liability (2,430) (2,409) (1,610)
Amortization (accretion) of fair value discounts 832 (273) (912)
Net loss on sales of other real estate owned 761 966 732
Valuation and other adjustments to other real estate owned, net of FDIC receivable 992 1,979 839
Earnings on investment in bank-owned life insurance (7,006) (3,702) (2,482)
Increase in accrued interest receivable and other assets (12,024) (16,423) (15,091)
Increase in accrued interest payable and other liabilities 8,706 9,606 6,974
Net Cash (Used in) Provided by Operating Activities (356,648) (542,498) 722,035
Cash Flows from Investing Activities      
Purchases of investment securities available for sale (231,703) (164,940) (542,110)
Proceeds from maturities, calls and principal repayments on investment securities available for sale 76,331 49,195 25,109
Proceeds from sales of investment securities available for sale 806 213,249 135,193
Net increase in loans (1,341,133) (1,814,196) (1,008,410)
Purchase of loan portfolios 0 (309,927) (164,033)
Proceeds from sale of loans held for investment 248,060 162,724 11,624
Net purchases of bank-owned life insurance (15,000) (30,465) (45,465)
Proceeds from bank-owned life insurance 3,384 0 0
Net purchases of FHLB, Federal Reserve Bank, and other restricted stock (8,839) (39,578) (12,261)
Reimbursements from the FDIC on loss sharing agreements 3,917 5,446 6,726
Purchases of bank premises and equipment (2,939) (1,419) (3,894)
Proceeds from sales of other real estate owned 8,890 7,991 9,506
Net Cash Used in Investing Activities (1,258,226) (1,921,920) (1,588,015)
Cash Flows from Financing Activities      
Net increase in deposits 1,376,985 1,572,648 519,179
Net increase in short-term borrowed funds from the FHLB (17,700) 633,500 208,500
Net increase in federal funds purchased 70,000 0 0
Proceeds from long-term FHLB borrowings 25,000 265,000 35,000
Proceeds from issuance of long-term debt, net 0 133,142 60,336
Repayment of subordinated debt 0 (2,000) 0
Net proceeds from issuance of preferred stock 55,569 0 0
Preferred stock dividends paid (2,314) 0 0
Exercise and redemption of warrants 98 6 264
Purchase of treasury stock 0 0 (7,754)
Net proceeds from issuance of common stock 806 77 97,507
Net Cash Provided by Financing Activities 1,508,444 2,602,373 913,032
Net (Decrease) Increase in Cash and Cash Equivalents (106,430) 137,955 47,052
Cash and Cash Equivalents – Beginning 371,023 233,068 186,016
Cash and Cash Equivalents – Ending 264,593 371,023 233,068
Supplementary Cash Flow Information      
Interest paid 51,313 37,580 24,157
Income taxes paid 38,734 29,843 9,815
Non-cash Items:      
Transfer of loans to other real estate owned 3,467 14,042 15,003
Transfer of loans from held for investment to held for sale 0 164,681 0
Transfer of loans from held for sale to held for investment $ 30,365 $ 18,826 $ 0