XML 20 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 5,470 $ 8,787
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Amortization and accretion of premiums and discounts on securities, net 427 544
Accretion of loan discounts, net (4,579) (1,310)
Amortization of deposit premiums (1,532) (407)
Amortization of core deposit intangibles 804 296
Accretion of borrowing valuation allowance 79 (12)
Provision for loan losses 27,000 2,310
Depreciation 1,251 820
Net loss (gain) on sale of real estate acquired by foreclosure 61  
Net gain on sale of mortgage loans HFS (41) (232)
Net gain on sale of guaranteed portion of loans (1,996) (1,605)
Originations of loans held for sale (1,094) (9,645)
Proceeds from sales of and principal collected on loans held for sale 1,519 9,163
Writedown of real estate acquired by foreclosure   375
Stock-based compensation expense 509 567
Deferred tax benefit (6,397) (59)
Increase in accrued interest receivable and other assets, net (1,288) (737)
Increase in accrued interest payable and other liabilities, net 2,250 (1,331)
Net cash provided by operating activities 22,443 7,524
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the maturities or calls and paydowns of available-for-sale securities 79,210 23,860
Purchases of available-for-sale securities   (48,036)
Proceeds from the maturities or calls and paydowns of held-to-maturity securities 4,419 4,986
Purchases of held-to-maturity securities (1,963) (1,788)
Proceeds from sale of guaranteed portion of loans 22,375 16,705
Proceeds from sale of real estate acquired by foreclosure 6,265  
Purchases of Federal Home Loan Bank of Dallas stock, net of redemptions 6,129 554
Purchases of Federal Reserve Bank stock (3,729) (20)
Net increase in loans held for investment (93,767) (109,000)
Investment in construction of premises and purchases of other fixed assets (221) (393)
Net cash used in investing activities 18,718 (113,132)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposit accounts 108,045 179,225
Net increase (decrease) in securities sold under agreements to repurchase 154 5,253
Net proceeds of other short-term borrowed funds (64,250) 20,000
Proceeds of other long-term borrowed funds 50,000  
Net repayment of other short-term borrowed funds (58,884) (265)
Proceeds from issuance of common stock due to exercise of stock options 71 888
Purchase of treasury stock (1,253)  
Net cash provided by (used in) financing activities 33,883 205,101
NET INCREASE IN CASH AND CASH EQUIVALENTS 75,044 99,493
CASH AND CASH EQUIVALENTS:    
Beginning of year 124,906 68,923
End of year 199,950 168,416
NONCASH ACTIVITIES:    
Noncash investing and financing activities - acquisition of real estate through foreclosure of collateral 420  
Transfer of loans to held-for-sale 6,253  
SUPPLEMENTAL INFORMATION:    
Interest paid 11,139 4,443
Income taxes paid $ 7,500 $ 5,100