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Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
9 Months Ended
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
Cash flows from operating activities:    
Net income $ 63,196 $ 29,380
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 3,251 3,090
Amortization of core deposits and other intangibles 2,432 1,073
Capitalization of mortgage servicing rights (41,555) (45,624)
Net change in fair value of mortgage servicing rights (1,656) 3,724
Stock-based compensation expense 5,327 4,808
Provision for loan losses 3,198 (1,906)
Provision for mortgage loan repurchases 598 794
Accretion of discounts on purchased loans (5,745) (3,545)
Accretion of discounts and amortization of premiums on securities, net 2,108 1,948
Loss (gain) from securities, net 116 (284)
Originations of loans held for sale (4,777,814) (4,612,745)
Repurchases of loans held for sale (7,892)  
Proceeds from sale of loans held for sale 5,003,669 4,711,364
Gain on sale and change in fair value of loans held for sale (71,883) (80,929)
Gain on sale of mortgage servicing rights   (17)
Net loss (gain) or write-downs of other real estate owned 43 (846)
(Gain) loss from other assets (239) 350
Provision for deferred income taxes 4,416 8,226
Changes in:    
Other assets and interest receivable (28,473) 4,912
Accrued expenses and other liabilities (12,350) 20,068
Net cash provided by operating activities 140,747 43,841
Activity in available-for-sale securities:    
Sales 221 94,743
Maturities, prepayments and calls 54,576 63,167
Purchases (137,891) (57,441)
Net increase in loans (352,776) (191,033)
Purchases of FHLB stock (2,020)  
Proceeds from sale of mortgage servicing rights 39,428 11,952
Purchases of premises and equipment (8,608) (2,898)
Proceeds from the sale of premises and equipment 341 39
Proceeds from the sale of other real estate owned 3,666 4,082
Proceeds from the sale of other assets 869  
Net cash paid in business combination   (135,141)
Net cash used in investing activities (402,194) (212,530)
Cash flows from financing activities:    
Net increase in demand deposits 100,724 90,247
Net increase in time deposits 364,354 (22,789)
Net decrease in borrowings (136,627) (90,429)
Share based compensation withholding obligation (2,637) (858)
Net proceeds from sale of common stock 1,196 153,356
Dividends paid (3,684)  
Net cash provided by financing activities 323,326 129,527
Net change in cash and cash equivalents 61,879 (39,162)
Cash and cash equivalents at beginning of the period 119,751 136,327
Cash and cash equivalents at end of the period 181,630 97,165
Supplemental cash flow information:    
Interest paid 21,690 9,652
Taxes paid 19,137 21,130
Supplemental noncash disclosures:    
Transfers from loans to other real estate owned 1,490 2,958
Transfers from other real estate owned to loans 636 201
Transfers from loans held for sale to loans 13,584 9,808
Rebooked GNMA delinquent loans under optional repurchase program 43,035 13,575
Stock consideration paid in business combination   52,284
Trade date payable - securities 7,253  
Dividends declared not paid on restricted stock units 134  
Adoption of ASU 2016-01 (See Note 1) $ (109)  
Fair value election of mortgage servicing rights   $ 1,011