XML 20 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
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 $ 166,261 $ 102,353 $ 65,774
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and amortization 20,366 13,635 13,250
Deferred income tax expense 4,464 44,388 5,980
Provision for loan losses 12,700 9,735 49,348
Loss (gain) on sale of securities, net 1,853 146 (3,736)
Gain on sale of loans, net (1,422) (2,670) (2,904)
Loss on foreclosed property, net 338 1,073 2,114
Increase in interest receivable (8,985) (7,904) (4,155)
Proceeds from sales of loans held for sale 290,733 195,130 137,351
Origination of loans held for sale (271,680) (237,404) (136,774)
(Increase) decrease in other assets (21,644) 4,079 (11,685)
Increase in other liabilities 1,610 18,078 1,011
Gain on sale of insurance subsidiary assets (4,871)    
Other, net 1,446 4,059 2,439
Net cash flows provided by operating activities 191,169 144,698 118,013
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of securities available-for-sale (342,500) (369,786) (1,120,250)
Proceeds from sales of securities available-for-sale 268,799 161,401 538,960
Proceeds from maturities, calls and paydowns of securities available-for-sale 111,801 96,728 134,501
Proceeds from sale of loans transferred to held for sale 20,894 17,613 328,381
Increase in loans, net (1,848,463) (847,428) (913,069)
Proceeds from sale of insurance subsidiary assets 15,876    
Purchase of premises and equipment (10,698) (6,428) (5,356)
Proceeds from disposition of foreclosed property 7,947 17,220 28,489
Other, net 4,395 (20,423) 14,986
Net cash used in investing activities (1,771,949) (951,103) (993,358)
CASH FLOWS FROM FINANCING ACTIVITIES      
Increase in deposits, net 1,697,174 994,778 1,029,487
Net change in securities sold under agreements to repurchase 80 (2,468) (2,346)
Net change in FHLB advances   150,000 (370,000)
Purchase of senior debt   (9,600) (78)
Repurchase of common stock (22,010)    
Cash dividends paid on common stock (45,995)    
Proceeds from issuance of common stock   155,581  
Net cash provided by financing activities 1,629,249 1,288,291 657,063
Net increase (decrease) in cash and cash equivalents 48,469 481,886 (218,282)
Cash and cash equivalents at beginning of period 730,811 248,925 467,207
Cash and cash equivalents at end of period $ 779,280 $ 730,811 $ 248,925