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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 41,380 $ 31,517
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Amortization and accretion of premiums and discounts on securities, net 2,286 1,126
Accretion of loan discounts, net (3,363) (3,752)
Amortization of deposit premiums (578) (781)
Amortization of core deposit intangibles 919 1,140
Amortization and accretion of borrowing and debt valuation allowance, net 315 315
Amortization of issuance costs of subordinated notes 109 109
Provision for loan losses 11,880 9,955
Depreciation 1,378 1,558
Net gain on sale of available-for-sale securities (66) 38
Net loss on sale of real estate acquired by foreclosure 0 147
Net gain on loans held-for-sale 0 1,210
Net gain on sale of guaranteed portion of loans (2,758) (4,107)
Net market value loss on equity investments 345 0
Originations of government guaranteed loans held-for-sale (31,083) 0
Proceeds from sales of and principal collected on loans held-for-sale 33,370 15,136
Writedown of real estate acquired by foreclosure 0 304
Stock-based compensation expense 2,853 1,700
Deferred tax benefit (3,942) (2,062)
Net change in accrued interest receivable and other assets, net (3,606) 17,340
Net change in accrued interest payable and other liabilities, net 3,317 2,281
Net cash provided by operating activities 52,756 73,174
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the maturities or calls and paydowns of available-for-sale securities 65,197 55,811
Proceeds from the sale of available-for-sale securities 24,424 349,374
Purchases of available-for-sale securities (74,191) (811,919)
Proceeds from the maturities or calls and paydowns of held-to-maturity securities 4,392 5,833
Purchases of held-to-maturity securities (3,627) 0
Proceeds from sales of guaranteed portion of loans 0 45,957
Proceeds from sales of real estate acquired by foreclosure 0 3,967
Purchases of Federal Home Loan Bank of Dallas stock, net of redemptions (6,656) (3,399)
Purchases of Federal Reserve Bank stock (143) (395)
Net increase in loans held for investment (185,113) (29,778)
Investment in construction of premises and purchases of other fixed assets (286) (347)
Net cash used in investing activities (176,003) (384,896)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposit accounts 17,907 34,334
Net (decrease) increase in securities sold under agreements to repurchase (1,671) 2,374
Net proceeds from other short-term borrowed funds 112,000 65,000
Proceeds from other long-term borrowed funds 50,000 0
Repayment of other long-term borrowed funds 50,000 0
Proceeds from issuance of common stock due to exercise of stock options 2,884 470
Payments of cash dividends (7,464) 0
Net cash provided by financing activities 123,656 102,178
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 409 (209,544)
CASH AND CASH EQUIVALENTS:    
Beginning of period 140,681 389,007
End of period 141,090 179,463
NONCASH ACTIVITIES:    
Noncash investing and financing activities - acquisition of real estate through foreclosure of collateral 7,693 5,270
Transfer of loans to held-for-sale 0 10,030
Transfer of securities to available-for-sale 0 15,883
SUPPLEMENTAL INFORMATION:    
Interest paid 29,442 29,498
Income taxes paid $ 12,000 $ 11,700