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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 28,002 $ 9,521
Adjustments to net income:    
Depreciation and amortization expense 1,657 825
Provision for loan losses 2,253 2,502
Share-based compensation expense 1,712 1,154
Loss on sale and disposal of premises and equipment 0 45
Loss on sale of or write down of other real estate owned 12 0
Net amortization on securities available-for-sale, net 1,830 1,039
Net accretion of discounts/premiums for loans acquired and deferred loan fees/costs (1,323) (249)
Gain on sale of investment securities available-for-sale (6) 0
Originations of loans held for sale (29,229) (35,149)
Proceeds from the sales of and principal payments from loans held for sale 38,814 33,037
Gain on sale of loans (2,958) (2,811)
Deferred income tax expense 3,183 3,350
Change in accrued expenses and other liabilities, net (11,305) (8,178)
Income from bank owned life insurance, net (478) (287)
Amortization of core deposit intangible 2,274 511
Change in accrued interest receivable and other assets, net 1,089 2,714
Net cash provided by operating activities 35,527 8,024
Cash flows from investing activities:    
Proceeds from sale of real estate owned 108 0
Increase in loans, net (44,508) (144,347)
Principal payments on securities available-for-sale 21,846 10,535
Purchase of securities available-for-sale (123,774) (65,771)
Proceeds from sale or maturity of securities available-for-sale (184) 1,770
Proceeds from the sale of premises and equipment 5,000 0
Purchases of premises and equipment (1,647) (655)
Change in FHLB, FRB, and other stock, at cost (16,234) (507)
Change in cash acquired in acquisitions, net (456) 0
Net cash used in investing activities (159,849) (198,975)
Cash flows from financing activities:    
Net increase in deposit accounts 106,405 151,588
Net change in short-term borrowings (42,279) (16,608)
Repayment of long-term borrowings (10,418) 30
Proceeds from exercise of stock options and warrants 1,084 501
Repurchase of common stock (1,538) (904)
Net cash provided by financing activities 53,254 134,607
Net decrease in cash and cash equivalents (71,068) (56,344)
Cash and cash equivalents, beginning of period 200,064 156,857
Cash and cash equivalents, end of period 128,996 100,513
Supplemental cash flow disclosures:    
Interest paid 9,974 4,565
Income taxes paid $ 95 $ 36