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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 24,698 $ 13,069
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for loan losses 9,700 22,369
Depreciation and amortization 9,862 10,864
Current income tax receivable 570 3,310
Deferred income taxes 2,116 6,846
Net excess tax (benefit) deficit on stock-based compensation (3,442) 86
Discount accretion, net of premium amortization 1,953 2,352
Loan Accretion (18,936) (27,939)
Gain on sale of mortgage loans, net (1,716) (2,251)
Origination of loans held for sale, net of repayments (66,333) (79,747)
Proceeds from sales of loans held for sale 75,619 71,756
Bank-owned life insurance income (1,417) (1,378)
Gain on the sale of other real estate owned, net (2,254) (4,120)
Impairment on other real estate owned 766 262
Loss (gain) on sale of fixed assets 33 (1,840)
Gain on banking center divestitures (2,886)  
Stock-based compensation 2,771 2,692
(Increase) decrease in other assets (2,299) (6,892)
(Decrease) increase in other liabilities 9,917 17,747
Net cash provided by (used in) operating activities 38,722 27,186
Cash flows from investing activities:    
Purchase of FHLB stock (7,377) (1,859)
Proceeds from redemption of FHLB stock 6,789 7,051
Proceeds from redemption of FRB stock   4,964
Proceeds from maturities of investment securities held-to-maturity 55,083 69,218
Proceeds from maturities of investment securities available-for-sale 171,326 207,413
Purchase of investment securities available-for-sale (98,503) (4,872)
Net increase in loans (273,127) (239,203)
Sales (purchases) of premises and equipment, net (1,769) 1,328
Purchase of bank-owned life insurance   (10,344)
Proceeds from sales of loans 33,813 9,231
Proceeds from sales of other real estate owned 5,580 8,227
Net cash provided by (used in) investing activities (108,185) 51,154
Cash flows from financing activities:    
Net increase (decrease) in deposits 80,579 (15,670)
Increase (decrease) in repurchase agreements 803 (23,216)
Advances from FHLB 263,129 71,359
FHLB payoffs (172,679) (60,000)
Issuance of stock under purchase and equity compensation plans (7,125) (322)
Proceeds from exercise of stock options 78  
Payment of dividends (6,898) (4,296)
Repurchase of shares   (87,310)
Net cash proivded by (used in) financing activities 157,887 (119,455)
Increase (decrease) in cash and cash equivalents 88,424 (41,115)
Cash and cash equivalents at beginning of the year 152,736 166,092
Cash and cash equivalents at end of year 241,160 124,977
Supplemental disclosure of cash flow information during the period:    
Cash paid for interest 11,437 9,336
Net tax (refunds) payments 33 (2,152)
Supplemental schedule of non-cash investing activities:    
Loans transferred to other real estate owned at fair value 760 4,755
Loans purchased but not settled 6,554 $ 11,537
Transfer of Loans Held-for-sale to Portfolio Loans $ 4,406