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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 $ 23,060 $ 4,881 $ 9,176
Adjustments to reconcile net income to net cash used in operating activities:      
Provision for loan losses 23,651 12,444 6,209
Depreciation and amortization 14,203 15,502 15,930
Current income tax receivable 4,176 (7,328) 10,807
Deferred income tax asset (176) (4,241) (15,776)
Net excess tax (benefit) deficit on stock-based compensation (2,078) 3,677 15
Discount accretion, net of premium amortization on securities 3,067 4,124 5,010
Loan accretion (35,073) (50,687) (63,881)
Gain on sale of mortgage loans, net (2,881) (1,963) (1,000)
Origination of loans held for sale, net of repayments (114,397) (99,246) (44,490)
Proceeds from sales of loans held for sale 101,098 92,845 45,584
Bank-owned life insurance income (1,861) (1,614) (442)
Amortization of indemnification asset   15,878 27,741
Gain on the sale of other real estate owned, net (4,383) (2,776) (13,126)
Impairment on other real estate owned 298 1,580 2,103
Impairment on fixed assets related to banking center consolidations   1,411  
Gain on sale of fixed assets (1,981) (28) (123)
Bargain purchase gain   (1,048)  
Stock-based compensation 3,492 3,349 3,572
Decrease in due to FDIC, net   (37,138) 129
(Increase) decrease in other assets (4,721) 4,871 3,179
(Decrease) increase in other liabilities (9,430) 7,879 6,628
Net cash used in operating activities (3,936) (37,628) (2,755)
Cash flows from investing activities:      
Purchase of FHLB stock (5,544)   (952)
Proceeds from redemption of FHLB stock 7,670 493  
Proceeds from redemption of FRB stock 4,964 5,320 5,570
Proceeds from maturities of investment securities held-to-maturity 91,376 104,683 105,594
Proceeds from maturities of investment securities available-for-sale 275,448 314,271 327,368
Proceeds from sales of investment securities available-for-sale   29,747  
Proceeds from maturities of non-marketable securities 490    
Purchase of investment securities available-for-sale (4,872)    
Purchase of investment securities held-to-maturity   (6,225)  
Net increase in loans (270,585) (334,798) (253,102)
Sales (purchases) of premises and equipment, net 690 (5,081) (1,585)
Purchase of bank-owned life insurance (10,344)   (43,800)
Proceeds from sales of loans 9,231 17,204 3,607
Proceeds from sales of other real estate owned 16,105 15,566 56,519
Decrease (increase) in FDIC indemnification asset   18,331 (2,376)
Net cash activity from acquisitions   22,832  
Net cash provided by investing activities 114,629 182,343 196,843
Cash flows from financing activities:      
Net increase (decrease) in deposits 27,972 (55,654) (72,121)
(Decrease) increase in repurchase agreements (44,512) 2,971 34,005
Advances from FHLB 218,629   40,000
FHLB payoffs (219,964)    
Issuance of stock under purchase and equity compensation plans (6,201) (952) (576)
Proceeds from exercise of stock options   160  
Settlement of warrants   (368)  
Payment of dividends (6,400) (6,711) (8,507)
Repurchase of shares (93,573) (175,048) (119,370)
Net cash used in financing activities (124,049) (235,602) (126,569)
(Decrease) increase in cash and cash equivalents (13,356) (90,887) 67,519
Cash and cash equivalents at beginning of the year 166,092 256,979 189,460
Cash and cash equivalents at end of year 152,736 166,092 256,979
Supplemental disclosure of cash flow information during the period:      
Cash paid for interest 14,154 13,751 13,863
Net tax refunds (payments) 2,193 (7,420) (8,119)
Supplemental schedule of non-cash investing activities:      
Loans transferred to other real estate owned at fair value 6,868 4,576 4,491
FDIC submissions transferred to other liabilities     (5,673)
Loans purchased but not settled $ 5,285 $ 9,936 $ 10,038