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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income from continuing operations $ 81,477 $ 30,670
Net income from discontinued operations 81 3,438
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization 4,160 4,538
Provision for loan and lease losses 2,660 2,150
Net amortization of investment securities discounts/premiums 11,390 6,955
Stock-based compensation expense 3,017 2,400
Loans originated for sale (485,198) (398,410)
Sale of commercial loans originated for resale 635,964 429,365
Gain on sales of loans originated for resale (20,733) (12,581)
Gain on sale of IRA portfolio (65,000)  
Loss on sale of fixed assets 15 28
Loss on sale of other real estate owned   19
Fair value adjustment on investment in unconsolidated entity 2,981 20
Writedown of other real estate owned 45  
Change in fair value of loans held for sale 2,255 1,946
Change in fair value of derivatives (1,797) (2,484)
Gain on sales of investment securities (41) (1,595)
(Increase) decrease in accrued interest receivable (721) 458
(Increase) decrease in other assets (8,419) 872
Change in fair value of discontinued loans held for sale 1,387 1,776
Change in discontinued assets held for sale 5,822 1,123
Decrease (increase) in other liabilities 2,602 (18,794)
Net cash provided by operating activities 171,947 51,894
Investing activities    
Purchase of investment securities available-for-sale (134,758) (213,259)
Cash from call of investment securities held-to-maturity 2,000  
Proceeds from sale of investment securities available-for-sale 3,529 83,918
Proceeds from redemptions of securities held-to-maturity   7,000
Proceeds from redemptions and prepayments of securities available-for-sale 163,784 234,163
Proceeds from sale of other real estate owned   85
Net increase in loans (106,368) (152,484)
Net decrease in discontinued loans held for sale 71,078 42,818
Proceeds from sale of fixed assets   366
Purchases of premises and equipment (647) (625)
Change in receivable from investment in unconsolidated entity 33,530  
Return of investment in unconsolidated entity 7,280 19,199
Net cash provided by investing activities 39,428 21,181
Financing activities    
Net decrease in deposits (402,784) (672,909)
Net decrease in securities sold under agreements to repurchase (59) (94)
Common stock issuance expense   (200)
Proceeds from the issuance of common stock 112  
Proceeds from the sale of IRA portfolio 60,000  
Net cash used in financing activities (342,731) (673,203)
Net decrease in cash and cash equivalents (131,356) (600,128)
Cash and cash equivalents, beginning of period 908,935 999,059
Cash and cash equivalents, end of period 777,579 398,931
Supplemental disclosure:    
Interest paid 18,977 11,176
Taxes paid 1,899 1,051
Investment securities transferred in securitization $ 62,076 $ 46,359