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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income $ 41,490 $ 32,779
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 1,083 366
Provision for loan losses 7,170 3,531
Accretion of acquisition discount on purchased loans (21,259) (18,899)
Depreciation 6,433 4,646
Amortization of core deposit intangible 4,352 2,353
Amortization of acquisition premium on time deposits (1,353) (2,587)
Net accretion of acquisition discount on long-term debt 264 388
Gain on mortgage loan commitments (786) (298)
Gain on sales of loans held for sale (18,595) (13,380)
Originations of loans held for sale (384,829) (300,605)
Proceeds from sales of loans held for sale 420,755 296,228
Increase in cash surrender value of bank-owned life insurance (1,995) (1,407)
Deferred income taxes 13,927 19,740
Change in deferred tax valuation allowance (19) 0
Gain on sales of available for sale securities (194) (85)
Net amortization of premiums on available for sale securities 5,510 4,557
Net gain on disposal of foreclosed assets (309) (144)
Valuation adjustments on foreclosed assets 580 605
Change in assets and liabilities:    
Decrease (increase) in accrued interest receivable 1,307 (431)
Increase in other assets (6,123) (12,296)
Decrease in accrued interest payable (903) (785)
Increase in other liabilities 420 882
Net cash provided by operating activities 66,926 15,158
Cash flows from investing activities    
Purchases of investment securities available for sale (189,408) (129,623)
Proceeds from maturities and repayments of investment securities available for sale 182,760 67,770
Proceeds from sales of investment securities available for sale 180,616 19,169
Net loan (originations) principal collections (155,495) (70,109)
Net cash received in business combinations 45,143 0
Net proceeds from (purchases of) trade accounts receivables 44,781 (24,562)
Purchases of premises and equipment (2,557) (1,524)
Disposals of premises and equipment 2,894 1,727
Proceeds from disposal of foreclosed assets 4,707 5,784
Net redemptions (purchases) of Federal Home Loan Bank stock 4,728 (3,433)
Net cash provided by (used in) investing activities 118,169 (134,801)
Cash flows from financing activities    
Net increase (decrease) in deposits 10,975 2,992
Net increase in short-term borrowings 8,886 112,500
Net decrease in long-term debt (127,740) (18,193)
Proceeds from exercise of stock options 2,402 120
Repurchase of preferred stock 0 (28,405)
Dividends paid on preferred stock 0 (822)
Dividends paid on common stock (29,258) (3,159)
Net cash provided by (used in) financing activities (134,735) 65,033
Net change in cash and cash equivalents 50,360 (54,610)
Cash and cash equivalents, beginning of period 111,918 132,365
Cash and cash equivalents, end of period 162,278 77,755
SUPPLEMENTAL DISCLOSURES:    
Interest 24,219 17,557
Income taxes 10,600 0
Noncash investing activities:    
Transfers of loans to held for sale 42,347 0
Transfers of loans to foreclosed assets 13,981 5,147
Change in fair value of securities available for sale, net of tax 8,128 1,678
Change in fair value of cash flow hedge, net of tax (3,623) (3,562)
Acquisition:    
Assets acquired (excluding goodwill) 2,778,769 0
Liabilities assumed 2,534,830 0
Purchase price 431,336 0
Goodwill recorded $ 187,397 $ 0