XML 18 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES:    
Net income $ 17,774 $ 12,134
Adjustments to reconcile net income to net cash provided from operating activities:    
Depreciation 2,859 2,002
Deferred income and expense, net of amortization 1,158 885
Amortization of core deposit intangibles 1,808 616
(Gain) loss on sale of securities (21) 510
Net change in valuation of financial instruments carried at fair value (29) (1,050)
Purchases of securities—trading (1,725) 0
Proceeds from sales of securities—trading 0 2,290
Principal repayments and maturities of securities—trading 1,946 679
Decrease in deferred taxes (8,745) (1,344)
Increase (decrease) in current taxes payable 2,540 (3,555)
Equity-based compensation 876 539
Increase in cash surrender value of BOLI (1,169) (432)
Gain on sale of loans, net of capitalized servicing rights (3,873) (2,692)
Loss (gain) on disposal of real estate held for sale and property and equipment 427 (122)
Provision for losses on real estate held for sale 205 0
Origination of loans held for sale (202,471) (137,290)
Proceeds from sales of loans held for sale 205,023 133,349
Net change in:    
Other assets (15,571) (4,703)
Other liabilities 2,894 776
Net cash provided from operating activities 21,396 5,280
INVESTING ACTIVITIES:    
Purchases of securities—available-for-sale (123,197) (22,622)
Principal repayments and maturities of securities—available-for-sale 41,376 29,255
Proceeds from sales of securities—available-for-sale 30,566 22,310
Purchases of securities—held-to-maturity (26,991) (7,664)
Principal repayments and maturities of securities—held-to-maturity 843 4,972
Loan originations, net of principal repayments 57,558 (1,805)
Purchases of loans and participating interest in loans (70,551) (41,684)
Proceeds from sales of other loans 144,499 15,000
Net cash received from acquisitions 0 78,599
Purchases of property and equipment (4,331) (1,418)
Proceeds from sale of real estate held for sale, net 4,666 1,738
Proceeds from FHLB stock repurchase program 19,624 2,029
Purchase of FHLB stock (16,914) 0
Other 1,276 37
Net cash provided from investing activities 58,424 78,747
FINANCING ACTIVITIES:    
Increase (decrease) in deposits, net (25,206) 104,061
Repayment of FHLB advances 422,200 222,500
Payments for Federal Home Loan Bank Advances 479,802 254,502
Increase in other borrowings, net 7,807 19,835
Cash dividends paid (6,166) (3,512)
Cash proceeds from issuance of common stock for shareholder reinvestment plan 0 34
Net cash provided from (used by) financing activities (81,167) 88,416
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,347) 172,443
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 261,917 126,072
CASH AND CASH EQUIVALENTS, END OF PERIOD 260,570 298,515
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid in cash 4,349 2,576
Taxes paid, net of refunds received in cash 2,581 8,935
NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Loans, net of discounts, specific loss allowances and unearned income, transferred to real estate owned and other repossessed assets 135 690
ACQUISITIONS (Note 3):    
Assets acquired 0 370,306
Liabilities assumed $ 0 $ 327,548