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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities    
Net income $ 17,699 $ 13,952
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 1,980 2,964
Provision for depreciation and amortization 970 1,033
Share-based compensation 1,689 1,416
Deferred taxes 573 (1,540)
Net amortization of investment securities premiums and discounts 205 211
Loss (gain) on sale of investment securities (26) 0
Gain on sale of mortgages and other loans (810) (1,266)
Origination of loans held for sale (6,876,748) (6,627,070)
Proceeds from the sale of loans held for sale 6,693,763 6,285,952
Increase in FDIC loss sharing receivable net of clawback liability 304 (134)
Amortization (accretion) of fair value discounts (114) 32
Net loss on sales of other real estate owned 15 441
Valuation and other adjustments to other real estate owned, net of FDIC receivable 170 343
Earnings on investment in bank-owned life insurance (1,123) (1,061)
Increase in accrued interest receivable and other assets (21,304) (3,259)
Increase in accrued interest payable and other liabilities 4,254 3,574
Net Cash Used In Operating Activities (178,503) (324,412)
Cash Flows from Investing Activities    
Proceeds from maturities, calls and principal repayments of securities available for sale 12,902 20,739
Proceeds from sales of investment securities available for sale 2,848 0
Purchases of investment securities available for sale (5,000) 0
Net increase in loans (448,956) (148,554)
Proceeds from sales of loans 6,946 141,437
Purchases of bank-owned life insurance 0 (15,000)
Net proceeds from (purchases of) FHLB, Federal Reserve Bank, and other restricted stock (1,428) 204
Reimbursements from the FDIC on loss sharing agreements (320) (302)
Purchases of bank premises and equipment (1,665) (829)
Proceeds from sales of other real estate owned 86 1,619
Net Cash Used In Investing Activities (434,587) (686)
Cash Flows from Financing Activities    
Net increase in deposits 569,116 360,789
Net (decrease) increase in short-term borrowed funds from the FHLB (16,600) (98,000)
Net increase in federal funds purchased 10,000 0
Proceeds from long-term FHLB borrowings 25,000 25,000
Net proceeds from issuance of preferred stock 24,108 0
Preferred stock dividends paid (1,214) 0
Exercise and redemption of warrants 118 0
Proceeds from issuance of common stock 607 109
Net Cash Provided by Financing Activities 611,135 287,898
Net Decrease in Cash and Cash Equivalents (1,955) (37,200)
Cash and Cash Equivalents – Beginning 264,593 371,023
Cash and Cash Equivalents – Ending 262,638 333,823
Supplementary Cash Flows Information    
Interest paid 13,018 10,550
Income taxes paid 15,789 2,762
Non-cash items:    
Transfer of loans to other real estate owned $ 320 $ 159