XML 21 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 201,608 $ 66,956 $ 93,229
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 15,026 16,424 17,649
Amortization of intangible assets 3,593 4,403 4,896
Provision for loan and lease losses 59,253 144,254 86,733
Deferred income tax (benefit) expense (25,043) (13,152) 23,879
Stock-based compensation 5,825 7,296 6,876
Loss (gain) on sale of investments 34 (371) (6,104)
OTTI on debt securities 50 12,231 6,687
Gain from recovery of investments previously written off 0 0 (1,547)
Unrealized (gain) loss on derivative instruments (46) (187) 78
Gain on extinguishment of debt (2,316) (1,391) (4,217)
Net gain on sales of premises and equipment and other assets (1,366) (149) (700)
Gain fom insurance proceeds (537) 0 0
Net gain on sale of loans (2,639) (6,291) (10,273)
Net amortization/accretion of premiums, discounts, and deferred loan fees and costs (8,397) (8,757) (8,819)
Originations and purchases of loans held for sale (319,770) (316,258) (488,833)
Sales and repayments of loans held for sale 344,935 329,554 493,821
Amortization of broker placement fees 1,163 1,900 2,881
Net amortization/accretion of premiums and discounts on investment securities 2,407 2,764 6,890
Decrease (increase) in accrued interest receivable 6,649 (12,755) 2,934
Decrease (increase) in other assets 8,906 (202) 17,716
Increase (decrease) in accrued interest payable 236 1,390 (29,200)
(Decrease) increase in other liabilities (1,248) 8,305 (15,144)
Net cash provided by operating activities 288,323 235,964 199,432
Cash flows from investing activities:      
Principal collected on loans 2,722,311 2,504,629 2,830,830
Loans originated and purchased (3,000,174) (2,655,401) (2,813,253)
Proceeds from sale of loans held for investment 82,526 53,245 31,852
Proceeds from sale of repossessed assets 51,799 35,239 56,369
Proceeds from sale of available-for-sale securities 47,805 23,408 219,780
Purchases of available-for-sale securities (509,884) (265,415) (619,636)
Proceeds from principal repayments and maturities of securities available for sale 387,817 232,977 390,286
Proceeds from principal repayments of held-to-maturity securities 5,828 5,563 5,293
Proceeds From Recovery Of Investments Previously Written Off 0 0 1,547
Additions to premises and equipment (20,514) (9,417) (10,370)
Proceeds from sale of premises and equipment and other assets 2,548 2,043 2,279
Net purchases/sales of other investment securities (993) (127) (10,823)
Proceeds from the settlement of insurance claims 7,673 0 0
Net cash outflows from purchase/sale of insurance contracts 0 0 (960)
Net cash (used in) provided by investing activities (223,258) (73,256) 83,194
Cash flows from financing activities:      
Net (decrease) increase in deposits (36,889) 220,105 (542,019)
Change in securities sold under agreements to repurchase (149,914) 0 (400,000)
Net FHLB advances proceeds 25,000 45,000 215,000
Repayments of junior subordinated debentures (21,434) (5,930) (7,025)
Repurchase of outstanding common stock (2,827) (2,497) (1,132)
Dividends paid on common stock (6,517) 0 0
Dividends paid preferred stock (2,676) (2,676) (223)
Net cash provided by (used in) financing activities (195,257) 254,002 (735,399)
Net (decrease) increase in cash and cash equivalents (130,192) 416,710 (452,773)
Cash and cash equivalents at beginning of year 716,395 299,685 752,458
Cash and cash equivalents at end of year 586,203 716,395 299,685
Cash and cash equivalents include:      
Cash and Cash Equivalents, at Carrying Value, Total $ 716,395 $ 716,395 $ 752,458