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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 12,706 $ 1,249
Adjustments to reconcile net income to net cash from operating activities:    
PROVISION FOR LOAN AND LEASE LOSSES 5,406 3,665
Impairment loss on assets held for sale   408
Depreciation and amortization of premises and equipment 2,608 2,638
Net amortization of securities 2,361 3,998
Net gains on sales of securities available-for-sale (8) (2,429)
Net gains on sales of assets held for sale (162) (733)
Net gains on sales of loans (16,527) (21)
Originations of mortgage loans held for sale   (2,348)
Proceeds from mortgage loans sold 151 2,016
Originations of government guaranteed loans (134,333)  
Proceeds from government guaranteed loans sold 150,688  
Accretion of premiums and discounts on acquired loans, net (16,634) (17,198)
Net change in servicing assets (333)  
Net valuation adjustments on other real estate owned 320 606
Net gains on sales of other real estate owned (1,464) (439)
Other intangible assets amortization expense 1,538 1,495
Amortization of time deposit premium (680) (46)
Amortization of Federal Home Loan Bank advances premium (52)  
Accretion of junior subordinated debentures discount 383 442
Share-based compensation expense 571 361
Deferred tax provision 7,547  
Increase in cash surrender value of bank owned life insurance (172) (155)
Gain on death benefit of bank owned life insurance (313)  
Changes in assets and liabilities:    
Accrued interest receivable (127) (544)
Other assets 996 (942)
Accrued interest payable (865) (531)
Accrued expenses and other liabilities 755 6,392
Net cash provided by (used in) operating activities 14,360 (2,116)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of securities available-for-sale (17,499) (333,035)
Proceeds from maturities and calls of securities available-for-sale 1,182 29,215
Proceeds from paydowns of securities available-for-sale 34,562 54,782
Proceeds from sales of securities available-for-sale 8 399,356
Purchases of securities held-to-maturity   (53,784)
Proceeds from paydowns of securities held-to-maturity 10,112 13,526
Purchases of Federal Home Loan Bank stock (5,760) (2,742)
Federal Home Loan Bank stock repurchases 8,775 1,000
Proceeds from other loans sold 9,984  
Net change in loans and leases 498 (248,992)
Purchases of premises and equipment (1,435) (3,213)
Proceeds from sales of premises and equipment   88
Proceeds from sales of assets held for sale 2,752 1,194
Proceeds from sales of other real estate owned 7,520 9,399
Net cash provided by (used in) investing activities 50,699 (133,206)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits 50,884 (35,223)
Proceeds from Federal Home Loan Bank advances 1,290,000 3,875,000
Repayments of Federal Home Loan Bank advances (1,384,000) (3,723,000)
Repayments of line of credit (4,500)  
Net increase (decrease) in other borrowings 15,180 (1,123)
Dividends paid on preferred stock (385)  
Proceeds from issuance of common stock   35,018
Proceeds from issuance of preferred stock 1,050  
Net cash provided by (used in) financing activities (31,771) 150,672
NET INCREASE IN CASH AND CASH EQUIVALENTS 33,288 15,350
CASH AND CASH EQUIVALENTS, beginning of period 46,533 44,884
CASH AND CASH EQUIVALENTS, end of period 79,821 60,234
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 7,720 3,544
Cash payments (refunds) during the period for taxes 1,100 (250)
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in fair value of available-for-sale securities, net of tax 1,549 10,989
Change in fair value of cash flow hedges, net of tax (693) (191)
Delayed payments of mortgage-backed securities 834  
Transfers of loans to loans held for sale 10,061 1,477
Transfers of loans to other real estate owned 2,490 2,442
Internally financed sale of other real estate owned   697
Transfers of land and premises to assets held for sale 1,508 $ 9,818
Transfers of premises and equipment to other assets 502  
Due from carrier for payment of life insurance death benefit 1,399  
Due from counterparty 17,114  
Due from broker for issuance of common stock, net of underwriters' discount 82,699  
Change in due to broker 81  
Series A    
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Due to preferred stockholders for repurchase of Series A preferred stock $ (25,504)