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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities    
Net income $ 40,797 $ 30,036
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 14,393 12,288
Provision for depreciation and amortization 3,034 2,782
Share-based compensation 4,112 4,048
Deferred taxes (7,580) 117
Net amortization of investment securities premiums and discounts 623 574
Loss (gain) on sale of investment securities 85 (3,191)
Gain on sale of mortgages and other loans (3,135) (3,401)
Origination of loans held for sale (23,148,641) (12,298,823)
Proceeds from the sale of loans held for sale 22,804,119 11,817,512
Increase in FDIC loss sharing receivable net of clawback liability (530) (2,713)
Amortization (accretion) of fair value discounts (794) (231)
Net loss on sales of other real estate owned 509 728
Valuation and other adjustments to other real estate owned, net of FDIC receivable 917 641
Earnings on investment in bank-owned life insurance (3,407) (2,646)
Increase in accrued interest receivable and other assets (9,860) (8,874)
Increase in accrued interest payable and other liabilities 5,087 5,550
Net Cash Used In Operating Activities (300,271) (445,603)
Cash Flows from Investing Activities    
Proceeds from maturities, calls and principal repayments of securities available for sale 60,966 35,716
Proceeds from sales of investment securities available for sale 806 213,249
Purchases of investment securities available for sale (69,358) (149,940)
Net increase in loans (606,168) (1,625,024)
Purchase of loan portfolios 0 (308,242)
Proceeds from sales of loans 192,275 109,913
Purchases of bank-owned life insurance (15,000) (30,465)
Net proceeds from (purchases of) FHLB, Federal Reserve Bank, and other restricted stock 18,488 (42,218)
Reimbursements from the FDIC on loss sharing agreements 1,940 3,329
Purchases of bank premises and equipment (2,439) (1,321)
Proceeds from sales of other real estate owned 5,572 6,509
Net Cash Used In Investing Activities (412,918) (1,788,494)
Cash Flows from Financing Activities    
Net increase in deposits 1,252,674 1,324,193
Net (decrease) increase in short-term borrowed funds from the FHLB (657,100) 610,000
Net increase in federal funds purchased 50,000 0
Proceeds from long-term FHLB borrowings 25,000 265,000
Net proceeds from issuance of long-term debt 0 133,142
Net proceeds from issuance of preferred stock 55,569 0
Preferred stock dividends paid (1,308) 0
Proceeds from issuance of common stock 730 0
Net Cash Provided by Financing Activities 725,565 2,332,335
Net Increase in Cash and Cash Equivalents 12,376 98,238
Cash and Cash Equivalents – Beginning 371,023 233,068
Cash and Cash Equivalents – Ending 383,399 331,306
Supplementary Cash Flows Information    
Interest paid 36,128 23,840
Income taxes paid 30,159 18,375
Non-cash items:    
Transfer of loans to other real estate owned 3,198 13,368
Transfer of loans held for investment to held for sale 0 164,681
Transfer of loans held for sale to held for investment $ 30,365 $ 0