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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 20,901 $ 8,776
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums and accretion of discounts on investment securities, net 1,136 941
Depreciation and amortization 1,616 428
Provision for loan losses 3,375 909
Stock-based compensation 726 34
Gains on sales of investment securities, net (726) (1,989)
Net loss on sale of other real estate owned 112  
Loans originated for resale (13,602) (2,821)
Proceeds from sale of loans held for sale 13,691 2,417
Gains on sale of loans held for sale (213) (79)
(Increase) decrease in accrued interest receivable (355) 388
Increase in cash surrender value of bank-owned life insurance (774) (511)
(Increase) decrease in other assets (2,010) 2,545
Decrease in other liabilities (1,600) (645)
Net cash provided by operating activities 22,277 10,393
Investment securities available-for-sale:    
Purchases (10,909) (10,487)
Sales 12,271 66,738
Maturities, calls and principal repayments 22,074 14,486
Investment securities held-to-maturity:    
Purchases (14,497) (8,310)
Maturities and principal repayments 6,308 5,068
Net purchases of restricted investment in bank stocks (3,543) (2,303)
Net increase in loans (227,396) (45,730)
Purchases of premises and equipment (1,733) (747)
Proceeds from sale of other real estate owned 126  
Net cash (used in) provided by investing activities (217,299) 18,715
Cash flows from financing activities:    
Net increase (decrease) in deposits 93,624 (67,385)
Increase in subordinated debt 50,000  
Advances in FHLB borrowings 500,000 50,000
Repayments of FHLB borrowings (430,795)  
Net decrease in repurchase agreements (16,000)  
Cash dividends on preferred stock (56) (56)
Cash dividends paid on common stock (4,494) (2,456)
Issuance cost of common stock   (7)
Tax benefit from options exercised   241
Proceeds from exercise of stock options 1,379 480
Net cash provided (used in) by financing activities 193,658 (19,183)
Net change in cash and cash equivalents (1,364) 9,925
Cash and cash equivalents at beginning of period 126,847 82,692
Cash and cash equivalents at end of period 125,483 992,617
Cash payments for:    
Interest paid on deposits and borrowings 10,149 5,425
Income taxes 12,545 2,553
Supplemental disclosures of non-cash investing activities:    
Transfer of loans to other real estate owned 694  
Dividends declared, not paid $ 23 $ 1,063