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Consolidated statements of cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 83,814 $ 80,236 $ 52,398
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 5,176 4,334 4,316
Amortization of core deposit and other intangibles 4,339 3,185 1,995
Capitalization of mortgage servicing rights (42,151) (54,913) (58,984)
Net change in fair value of mortgage servicing rights 26,299 2,763 4,023
Stock-based compensation expense 7,089 7,207 6,760
Provision for loan losses 7,053 5,398 (950)
Provision for mortgage loan repurchases 362 174 810
Accretion of yield on purchased loans (8,556) (7,608) (5,419)
Accretion of discounts and amortization of premiums on securities, net 3,026 2,768 2,693
(Gain) loss from securities, net (57) 116 (285)
Originations of loans held for sale (4,540,652) (5,958,066) (6,331,458)
Repurchases of loans held for sale (9,919) (12,232) 0
Proceeds from sale of loans held for sale 4,662,728 6,260,532 6,408,198
Gain on sale and change in fair value of loans held for sale (100,228) (88,743) (107,189)
Loss on sale of mortgage servicing rights 0 0 249
Net (gain) loss or write-downs of other real estate owned (545) 99 (774)
Loss (gain) on other assets 104 (328) 664
Relief of goodwill 100 0 0
Provision for deferred income taxes (1,916) 6,359 6,458
Changes in:      
Other assets and interest receivable (45,180) (22,966) 6,478
Accrued expenses and other liabilities 13,019 (16,107) 47,627
Net cash provided by operating activities 63,905 212,208 37,610
Activity in available-for-sale securities:      
Sales 24,498 2,742 94,743
Maturities, prepayments and calls 113,018 73,066 83,344
Purchases (151,425) (203,844) (81,353)
Net increase in loans (364,975) (491,774) (241,379)
Purchases of FHLB stock (2,544) (2,020) 0
Proceeds from sale of mortgage servicing rights 29,160 39,428 11,686
Purchases of premises and equipment (6,812) (10,144) (4,545)
Proceeds from the sale of premises and equipment 1,275 357 39
Proceeds from the sale of other real estate owned 3,860 4,819 5,438
Proceeds from the sale of other assets 0 869 0
Net cash received (paid) in business combination (See Note 2) 171,032 0 (135,141)
Net cash used in investing activities (182,913) (586,501) (267,168)
Cash flows from financing activities:      
Net increase in demand deposits 249,348 75,906 14,682
Net (decrease) increase in time deposits (75,004) 431,416 (1,367)
Net increase in securities sold under agreements to repurchase and federal funds purchased (908) 788 (7,268)
Net increase (decrease) in FHLB advances 68,235 (120,607) 53,579
Share based compensation witholding payment (6,097) (2,664) 0
Net proceeds from sale of common stock 804 1,196 153,356
Dividends paid (10,045) (6,137) 0
Net cash provided by financing activities 226,333 379,898 212,982
Net change in cash and cash equivalents 107,325 5,605 (16,576)
Cash and cash equivalents at beginning of the period 125,356 119,751 136,327
Cash and cash equivalents at end of the period 232,681 125,356 119,751
Supplemental cash flow information:      
Interest paid 55,051 31,992 15,470
Taxes paid 25,920 24,387 22,292
Supplemental noncash disclosures:      
Transfers from loans to other real estate owned 5,487 2,138 3,605
Transfers from premises and equipment to other real estate owned at fair value 4,290 0 3,466
Loans provided for sales of other real estate owned 166 1,019 256
Transfers from loans to loans held for sale 7,891 11,888 0
Transfers from loans held for sale to loans 12,259 14,732 11,706
Stock consideration paid in business combination 0 0 52,284
Trade date payable - securities 0 2,120 348
Dividends declared not paid on restricted stock units 149 226 0
Decrease to retained earnings for adoption of new accounting standards (See Note 1) 1,309 109 0
Right-of-use assets obtained in exchange for operating lease liabilities 37,916 0 0
Fair value election of mortgage servicing rights 0 0 1,011
GNMA      
Supplemental noncash disclosures:      
Transfers from loans held for sale to loans 0 0 43,035
Derecognition of rebooked GNMA delinquent loans $ 0 $ 43,035 $ 0