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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows from Operating Activities    
Net income $ 47,398 $ 7,788
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses (1,465) 3,834
Mortgage banking income (1,600) (3,927)
Net losses on real estate owned and other repossessed assets sold 628 1,966
Net gain on available for sale securities sold (362) (2,578)
Net loss (gain) on other assets sold 7 (10)
Amortization of premiums and accretion of discounts 662 2,394
Depreciation and amortization 1,484 1,406
Net change in interest receivable 438 1,038
Net change in interest payable (170) 29
Net change in prepaid and other assets 2,379 2,371
Net change in other liabilities (451) (1,811)
Stock based compensation 274 275
Net principal disbursed on loans originated for sale (111,149) (188,167)
Proceeds from sale of loans held for sale 107,020 202,231
Net change in deferred tax assets (39,050)  
Cash surrender value of life insurance (1,076)  
Net change in interest rate caps 278 (463)
Net cash from operating activities 5,245 26,376
Cash Flows from Investing Activities    
Proceeds from the principal repayments and maturities of securities available for sale 20,193 41,057
Proceeds from the sale of securities available for sale 5,470 97,127
Proceeds from the sale of real estate owned and other repossessed assets 2,742 8,627
Proceeds from the sale of loans held for investment 38 13,709
Proceeds from the sale of premises and equipment 30 20
Purchases of securities available for sale   (144,992)
Purchase of bank-owned life insurance   (15,000)
Principal disbursed on loans, net of repayments (90,650) 37,861
Loans purchased   (50)
Redemption of FHLB stock 8,396  
Purchases of premises and equipment (710) (780)
Net cash from investing activities (54,491) 37,579
Cash Flows from Financing Activities    
Net increase in checking, savings and money market accounts 122 (2,332)
Net decrease in certificates of deposit (45,497) (49,132)
Net decrease in advance payments by borrowers for taxes and insurance (6,710) (11,464)
Net change in overnight Federal Home Loan Bank advances 88,000  
Net change in repurchase agreements and other borrowed funds (30,015) (15)
Proceeds from the exercise of stock options 173 155
Dividend payments (504)  
Purchase of treasury stock (4,064)  
Issuance of preferred stock, net of issuance costs   20,509
Issuance of common stock, net of issuance costs   21,841
Net cash from financing activities 1,505 (20,438)
Change in cash and cash equivalents (47,741) 43,517
Cash and cash equivalents, beginning of period 77,331 42,613
Cash and cash equivalents, end of period $ 29,590 $ 86,130