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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities:      
Net income $ 23,303 $ 13,378 $ 8,394
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 4,681 2,673 235
Depreciation and amortization 1,858 1,350 1,231
Stock–based compensation expense 899 613 451
Deferred tax expense (benefit) 1,337 (1,866) 576
Amortization of (discounts) premiums on purchased loans - net (1,200) (612) (2,310)
Gain on sale of REO     (1,038)
Gain on sale of loans (7,812) (2,935)  
Gain on sale of securities (1,307)    
Increase in other assets (1,666) (3,473) (1,244)
Increase in accounts payable and other liabilities (323) 4,741 3,060
Net cash provided by operating activities 19,770 13,869 9,355
Cash Flows from Investing Activities:      
Net increase in loans (1,348,286) (626,245) (262,271)
Proceeds from sale of loans 311,709 106,251  
Purchases of AFS securities (145,614) (446,652) (83,527)
Proceeds from sale of securities 104,146    
Maturities of AFS securities 91,128 22,826 8,388
Proceeds from sale of REO 4,652   4,198
Purchase of note on REO property     (1,285)
Cash in from merger   38,081  
Sale (purchase) of FHLB stock, net (12,258) (8,979) (5,640)
Purchase of premises and equipment (5,935) (1,753) (169)
Net cash used in investing activities (1,000,458) (916,471) (340,306)
Cash Flows from Financing Activities:      
Increase in deposits 904,619 439,381 160,917
Net increase in FHLB advances 454,000 533,000 129,000
Term note - borrowings   10,114 15,000
Term note - payments   (30,000) (2,177)
Proceeds from the sale of stock, net 4,267 136,163 949
Net cash provided by financing activities 1,362,886 1,088,658 303,689
Increase (decrease) in cash and cash equivalents 382,198 186,056 (27,262)
Cash and cash equivalents at beginning of year 215,748 29,692 56,954
Cash and cash equivalents at end of year 597,946 215,748 29,692
Supplemental disclosures of cash flow information:      
Interest 10,695 6,082 4,585
Income taxes 17,156 10,050 5,394
Noncash transactions:      
Transfer of loans to loans held for sale 519,721 102,026  
Chargeoffs (recoveries) against allowance for loans losses (119) $ 2,223  
Transfer from loans to REO $ 2,350   $ 1,834