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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 22,461 $ 2,814
Adjustments to reconcile net income to net cash from operating activities:    
PROVISION FOR LOAN AND LEASE LOSSES 9,306 5,348
Impairment loss on assets held for sale 951 408
Depreciation and amortization of premises and equipment 3,919 3,814
Net amortization of securities 3,544 5,673
Net gains on sales of securities available-for-sale (8) (3,231)
Net gains on sales of assets held for sale (167) (967)
Net (gains) losses on sales of loans (24,026) 39
Originations of mortgage loans held for sale   (4,045)
Proceeds from mortgage loans sold 151 4,512
Originations of government guaranteed loans (202,176)  
Proceeds from government guaranteed loans sold 228,852  
Accretion of premiums and discounts on acquired loans, net (24,746) (24,479)
Net change in servicing assets (578)  
Net valuation adjustments on other real estate owned 367 904
Net gains on sales of other real estate owned (1,538) (1,134)
Other intangible assets amortization expense 2,307 2,242
Amortization of time deposit premium (759) (66)
Amortization of Federal Home Loan Bank advances premium (156)  
Accretion of junior subordinated debentures discount 556 660
Share-based compensation expense 951 553
Deferred tax provision 6,196  
Increase in cash surrender value of bank owned life insurance (209) (184)
Gain on death benefit of bank owned life insurance (313)  
Changes in assets and liabilities:    
Accrued interest receivable (345) (659)
Other assets 530 (436)
Accrued interest payable (1,243) (588)
Accrued expenses and other liabilities (11,382) (3,497)
Net cash provided by (used in) operating activities 12,445 (12,319)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of securities available-for-sale (34,814) (526,084)
Proceeds from maturities and calls of securities available-for-sale 7,672 84,272
Proceeds from paydowns of securities available-for-sale 53,171 81,522
Proceeds from sales of securities available-for-sale 8 507,362
Purchases of securities held-to-maturity   (59,436)
Proceeds from maturities and calls of securities held-to-maturity 655  
Proceeds from paydowns of securities held-to-maturity 15,597 21,881
Purchases of Federal Home Loan Bank stock (9,855) (4,642)
Federal Home Loan Bank stock repurchases 14,220 1,000
Proceeds from other loans sold 9,984  
Net change in loans and leases (63,502) (357,862)
Purchases of premises and equipment (2,253) (4,515)
Proceeds from sales of premises and equipment   88
Proceeds from sales of assets held for sale 4,398 2,126
Proceeds from sales of other real estate owned 9,583 13,945
Proceeds from bank owned life insurance death benefit 1,399  
Net cash provided by (used in) investing activities 6,263 (240,343)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 31,294 62,285
Proceeds from Federal Home Loan Bank advances 1,993,000 4,967,000
Repayments of Federal Home Loan Bank advances (2,072,000) (4,822,000)
Repayments of line of credit (20,650)  
Net increase in securities sold under agreements to repurchase 13,558 1,435
Dividends paid on preferred stock (11,081)  
Cash paid in lieu of fractional shares (2)  
Proceeds from issuance of common stock 76,829 50,018
Proceeds from issuance of preferred stock 1,050  
Repurchase of preferred stock (15,003)  
Net cash provided by (used in) financing activities (3,005) 258,738
NET INCREASE IN CASH AND CASH EQUIVALENTS 15,703 6,076
CASH AND CASH EQUIVALENTS, beginning of period 46,533 44,884
CASH AND CASH EQUIVALENTS, end of period 62,236 50,960
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 11,689 5,217
Cash payments (refunds) during the period for taxes 2,121 (250)
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in fair value of available-for-sale securities, net of tax 3,325 9,234
Change in fair value of cash flow hedges, net of tax (605) 211
Delayed payments of mortgage-backed securities 389 447
Transfers of loans to loans held for sale 10,061 1,477
Transfers of loans to other real estate owned 5,701 3,721
Internally financed sale of other real estate owned   1,447
Transfers of land and premises to assets held for sale 3,372 $ 10,486
Transfers of premises and equipment to other assets 702  
Due from counterparty $ 21,084