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Consolidated Statements of Cash Flows - Unaudited - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities    
Net income $ 53,833,000 $ 57,222,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 4,257,000 5,937,000
Depreciation and amortization 10,235,000 7,476,000
Share-based compensation expense 6,595,000 5,377,000
Deferred taxes 6,238,000 286,000
Net amortization of investment securities premiums and discounts 1,204,000 520,000
Unrealized loss recognized on equity securities 1,533,000 0
Loss (gain) on sale of investment securities 18,659,000 (8,532,000)
Impairment loss on investment securities 0 12,934,000
Gain on sale of SBA and other loans (3,880,000) (3,553,000)
Origination of loans held for sale (22,978,000) (32,343,000)
Proceeds from the sale of loans held for sale 23,936,000 31,718,000
Amortization of fair value discounts and premiums 164,000 93,000
Net (gain) loss on sales of other real estate owned (35,000) 154,000
Valuation and other adjustments to other real estate owned 124,000 298,000
Earnings on investment in bank-owned life insurance (5,769,000) (5,297,000)
Increase in accrued interest receivable and other assets (21,525,000) (27,862,000)
Increase (decrease) in accrued interest payable and other liabilities 25,774,000 (14,106,000)
Net Cash Provided By Operating Activities 98,365,000 30,322,000
Cash Flows from Investing Activities    
Proceeds from maturities, calls and principal repayments of securities available for sale 38,926,000 36,461,000
Proceeds from sale of available-for-sale securities 476,182,000 670,522,000
Purchases of investment securities available for sale (763,242,000) (796,594,000)
Origination of mortgage warehouse loans (21,739,744,000) (22,738,383,000)
Proceeds from repayments of mortgage warehouse loans 22,016,825,000 22,893,950,000
Net increase in loans, excluding mortgage warehouse loans (20,476,000) (921,049,000)
Proceeds from sales of loans 42,211,000 124,703,000
Purchase of loans (347,740,000) (262,641,000)
Purchases of bank-owned life insurance 0 (90,000,000)
Proceeds from bank-owned life insurance 529,000 1,418,000
Net proceeds from (purchases of) FHLB, Federal Reserve Bank, and other restricted stock 31,712,000 (30,203,000)
Purchases of bank premises and equipment (1,344,000) (1,725,000)
Proceeds from sales of other real estate owned 421,000 1,680,000
Purchase of university relationship intangible asset (1,502,000) 0
Purchase of leased assets under operating leases (21,849,000) 0
Net Cash Used In Investing Activities (289,091,000) (1,111,861,000)
Cash Flows from Financing Activities    
Net increase in deposits 1,713,572,000 293,301,000
Net (decrease) increase in short-term borrowed funds from the FHLB (776,860,000) 593,543,000
Net (decrease) increase in federal funds purchased (155,000,000) 64,000,000
(Repayments of) proceeds from issuance of long-term debt (63,250,000) 98,564,000
Preferred stock dividends paid (10,844,000) (10,844,000)
Exercise of warrants 112,000 557,000
Payments of employee taxes withheld from share-based awards (711,000) (4,923,000)
Proceeds from issuance of common stock 3,418,000 2,112,000
Net Cash Provided By Financing Activities 710,437,000 1,036,310,000
Net Increase (Decrease) in Cash and Cash Equivalents 519,711,000 (45,229,000)
Cash and Cash Equivalents – Beginning 146,323,000 264,709,000
Cash and Cash Equivalents – Ending 666,034,000 219,480,000
Supplementary Cash Flows Information:    
Interest paid 114,973,000 70,706,000
Income taxes paid 4,156,000 31,545,000
Non-cash items:    
Transfer of loans to other real estate owned 234,000 83,000
Transfer of loans held for investment to held for sale 0 150,638,000
Transfer of loans held for sale to held for investment $ 129,691,000 $ 0