XML 20 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 31,517 $ (3,516)
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Amortization and accretion of premiums and discounts on securities, net 1,126 610
Accretion of loan discounts, net (3,752) (6,768)
Amortization of deposit premiums (781) (1,947)
Amortization of core deposit intangibles 1,140 1,206
Amortization and accretion of borrowing and debt valuation allowance, net 315 184
Amortization of issuance costs for subordinated notes 109  
Provision for loan losses 9,955 55,200
Depreciation 1,558 1,832
Net loss on sale of available-for-sale securities 38  
Net loss on sale of real estate acquired by foreclosure 147 566
Net loss (gain) on loans held-for-sale 1,210 (41)
Net gain on sale of guaranteed portion of loans (4,107) (2,964)
Originations of loans held for sale   (1,094)
Proceeds from sales of and principal collected on loans held for sale 15,136 7,772
Writedown of real estate acquired by foreclosure 304 1,048
Stock-based compensation expense 1,700 951
Deferred tax benefit (2,062) (878)
Decrease (increase) in accrued interest receivable and other assets, net 17,340 (16,434)
Increase in accrued interest payable and other liabilities, net 2,281 4,880
Net cash provided by operating activities 73,174 40,607
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the maturities or calls and paydowns of available-for-sale securities 55,811 96,108
Proceeds from the sale of available-for-sale securities 349,374  
Purchases of available-for-sale securities (811,919) (100,335)
Proceeds from the maturities or calls and paydowns of held-to-maturity securities 5,833 6,306
Purchases of held-to-maturity securities   (1,963)
Proceeds from sale of guaranteed portion of loans 45,957 35,482
Proceeds from sale of real estate acquired by foreclosure 3,967 8,127
Purchases of Federal Home Loan Bank of Dallas stock, net of redemptions (3,399) 6,103
Purchases of Federal Reserve Bank stock (395) (3,738)
Net increase in loans held for investment (29,778) (40,542)
Investment in construction of premises and purchases of other fixed assets (347) (260)
Net cash provided by (used in) investing activities (384,896) 5,288
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposit accounts 34,334 217,098
Net decrease (increase) in securities sold under agreements to repurchase 2,374 (218)
Net proceeds (repayments) of other short-term borrowed funds 65,000 (64,250)
Proceeds from other long-term borrowed funds   50,000
Repayment of other long-term borrowed funds   (58,884)
Proceeds from issuance of common stock due to exercise of stock options 470 72
Purchase of treasury stock   (1,253)
Net cash provided by financing activities 102,178 142,565
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (209,544) 188,460
CASH AND CASH EQUIVALENTS:    
Beginning of year 389,007 124,906
End of year 179,463 313,366
NONCASH ACTIVITIES:    
Noncash investing and financing activities - acquisition of real estate through foreclosure of collateral 5,270 420
Transfer of loans to held-for-sale 10,030 45,187
Transfer of securities to available-for-sale 15,883  
SUPPLEMENTAL INFORMATION:    
Interest paid 29,498 17,379
Income taxes paid $ 11,700 $ 11,700