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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net income $ 121,027 $ 73,548 $ 72,100
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation 10,014 9,196 9,519
Net losses (gains) on sale or disposal of premises and equipment 133 1,264 992
Provision for loan losses 16,667 8,364 4,091
Net write-downs and losses on sale of other real estate owned 1,301 500 1,953
Share-based compensation expense 6,241 3,316 2,261
Amortization of intangible assets 9,512 3,932 4,376
Provision for deferred taxes 1,374 12,430 847
Net amortization of investment securities available for sale 4,891 6,384 7,057
Net loss (gain) on securities 37 (37) (94)
Accretion of discount on purchased loans (11,918) (11,308) (16,637)
Amortization of premium on purchased loan pools 1,825 3,543 5,653
Net amortization (accretion) on other borrowings 96 95 (76)
Amortization of subordinated deferrable interest debentures 1,345 1,322 1,453
Originations of mortgage loans held for sale (1,768,934) (1,502,314) (1,403,954)
Payments received on mortgage loans held for sale 986 1,238 1,390
Proceeds from sales of mortgage loans held for sale 1,542,755 1,370,008 1,340,668
Net gains on mortgage loans held for sale (37,336) (46,913) (52,198)
Originations of SBA loans (27,820) (33,104) (69,512)
Proceeds from sales of SBA loans 33,675 30,696 28,268
Net gains on sales of SBA loans (2,728) (4,590) (3,974)
Increase in cash surrender value of bank owned life insurance (1,819) (1,588) (1,734)
Changes in FDIC loss-share receivable/payable, net of cash payments received 5,156 3,005 11,798
Increase in interest receivable (10,965) (3,728) (1,004)
Increase decrease in interest payable 2,411 1,757 446
Increase (decrease) in taxes payable 4,032 (473) (8,328)
Change attributable to other operating activities (10,761) 10,895 (5,128)
Net cash used in operating activities (108,803) (62,562) (69,767)
Investing Activities, net of effects of business combinations      
Proceeds from maturities of time deposits in other banks 746 0 0
Purchases of securities available for sale (290,649) (113,261) (200,823)
Proceeds from prepayments and maturities of securities available for sale 152,393 115,166 131,390
Proceeds from sale of securities available for sale 68,727 3,090 75,990
Net decrease (increase) in other investments 33,515 11,046 (17,936)
Net increase in loans, excluding purchased loans (470,156) (1,016,409) (1,063,345)
Payments received on purchased loans 330,226 210,470 247,452
Purchases of purchased loan pools 0 0 (152,091)
Payments received on purchased loan pools 71,817 112,330 171,087
Purchases of premises and equipment (10,009) (3,760) (10,977)
Proceeds from sale of premises and equipment 588 16 295
Proceeds from sales of other real estate owned 11,784 14,920 22,483
Payments received from (paid to) FDIC under loss-sharing agreements (3,791) (515)  
Payments received from (paid to) FDIC under loss-sharing agreements     816
Net cash proceeds received from (paid in) acquisitions 51,495 0 (7,206)
Net cash used in investing activities (53,314) (666,907) (802,865)
Financing Activities, net of effects of business combinations      
Net increase in deposits 853,051 1,050,682 294,513
Net decrease in securities sold under agreements to repurchase (10,254) (22,867) (10,080)
Proceeds from other borrowings 1,530,000 1,837,692 635,886
Repayment of other borrowings (1,844,258) (2,079,554) (231,020)
Issuance of common stock 0 88,656 0
Proceeds from exercise of stock options 914 2,669 964
Dividends paid - common stock (16,405) (14,650) (8,584)
Purchase of treasury shares (2,062) (886) (1,225)
Net cash provided by financing activities 510,986 861,742 680,454
Net increase (decrease) in cash and cash equivalents 348,869 132,273 (192,178)
Cash and cash equivalents at beginning of period 330,658 198,385 390,563
Cash and cash equivalents at end of period 679,527 330,658 198,385
Cash paid during the year for:      
Interest 67,523 32,465 19,248
Income taxes 20,026 38,939 40,575
Loans (excluding purchased loans) transferred to other real estate owned 4,124 4,372 3,203
Purchased loans transferred to other real estate owned 6,393 5,023 7,229
Loans transferred from loans held for sale to loans held for investment 10,817 212,850 119,352
Loans transferred from loans held for investment to loans held for sale 8,831 119,389 0
Loans provided for the sales of other real estate owned 931 1,334 1,942
Assets acquired in business combinations 3,064,615 0 561,440
Liabilities assumed in business combinations 2,415,212 0 465,048
Issuance of common stock in acquisitions 547,127 0 72,455
Issuance of common stock in exchange for equity investment in US Premium Finance Holding Company 0 5,844 0
Change in unrealized gain (loss) on securities available for sale, net of tax (3,266) (338) (4,435)
Change in unrealized gain on cash flow hedge, net of tax $ 112 $ 116 $ 24