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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities    
Net income $ 25,508 $ 18,374
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for loan losses, net of change to FDIC receivable and clawback liability 12,299 7,253
Provision for depreciation and amortization 2,068 1,807
Share-based compensation 2,755 2,853
Deferred taxes (3,476) 2,216
Net amortization of investment securities premiums and discounts 404 370
Loss (gain) on sale of investment securities 69 (3,191)
Gain on sale of mortgages and other loans (2,094) (2,424)
Origination of loans held for sale (15,090,554) (6,893,530)
Proceeds from the sale of loans held for sale 14,476,771 6,581,581
Increase in FDIC loss sharing receivable net of clawback liability (1,924) (1,972)
Amortization (accretion) of fair value discounts 632 (203)
Net loss on sales of other real estate owned 334 555
Valuation and other adjustments to other real estate owned (308) 442
Earnings on investment in bank-owned life insurance (2,230) (1,670)
Decrease (increase) in accrued interest receivable and other assets 1,158 (5,064)
Decrease (increase) in accrued interest payable and other liabilities (4,314) 6,500
Net Cash Used In Operating Activities (582,902) (286,103)
Cash Flows from Investing Activities    
Proceeds from maturities, calls and principal repayments of securities available for sale 43,872 22,055
Proceeds from sales of investment securities available for sale 492 213,249
Purchases of investment securities available for sale (7,000) (149,940)
Net increase in loans (345,630) (897,928)
Purchase of loan portfolios 0 (294,615)
Proceeds from sales of loans 148,916 5,967
Purchases of bank-owned life insurance (15,000) (465)
Net proceeds from (purchases of) FHLB, Federal Reserve Bank, and other restricted stock 3,854 (32,044)
Reimbursements from the FDIC on loss sharing agreements 503 1,477
Purchases of bank premises and equipment (1,799) (644)
Proceeds from sales of other real estate owned 4,431 5,281
Net Cash Used In Investing Activities (167,361) (1,127,607)
Cash Flows from Financing Activities    
Net increase in deposits 944,632 730,954
Net (decrease) increase in short-term borrowed funds from the FHLB (255,000) 382,000
Proceeds from long-term FHLB borrowings 25,000 200,000
Net proceeds from issuance of long-term debt 0 133,222
Net proceeds from issuance of preferred stock 55,569 0
Proceeds from issuance of common stock 628 0
Net Cash Provided by Financing Activities 770,829 1,446,176
Net Increase in Cash and Cash Equivalents 20,566 32,466
Cash and Cash Equivalents – Beginning 371,023 233,068
Cash and Cash Equivalents – Ending 391,589 265,534
Supplementary Cash Flows Information    
Interest paid 25,302 15,084
Income taxes paid 17,387 11,038
Non-cash items:    
Transfer of loans to other real estate owned $ 2,405 $ 6,898