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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Operating Activities          
Net income $ 20,158 $ 21,557 $ 64,398 $ 53,923  
Adjustments reconciling net income to net cash provided by operating activities:          
Depreciation     6,918 7,041  
Net losses on sale or disposal of premises and equipment     956 112  
Provision for loan losses 1,787 811 5,828 2,381 $ 4,091
Net losses on sale of other real estate owned including write-downs     501 1,844  
Share-based compensation expense     2,419 1,586  
Amortization of intangible assets 941 993 2,990 3,332  
Provision for deferred taxes     (962) (6,369)  
Net amortization of investment securities available for sale     4,815 5,086  
Net gains on securities available for sale 0 0 (37) (94)  
Accretion of discount on purchased loans     (9,023) (12,926)  
Amortization of premium on purchased loan pools     2,943 4,149  
Net accretion (amortization) on other borrowings     62 (57)  
Amortization of subordinated deferrable interest debentures     992 1,123  
Originations of mortgage loans held for sale     (1,113,188) (1,051,812)  
Payments received on mortgage loans held for sale     799 1,167  
Proceeds from sales of mortgage loans held for sale     961,831 982,898  
Net gains on sale of mortgage loans held for sale     (36,451) (41,935)  
Originations of SBA loans     (25,720) (57,462)  
Proceeds from sales of SBA loans     23,952 21,656  
Net gains on sale of SBA loans     (3,423) (3,054)  
Increase in cash surrender value of BOLI     (1,188) (1,318)  
Changes in FDIC loss-share receivable/payable, net of cash payments received     1,974 10,277  
Change attributable to other operating activities     12,931 16,202  
Net cash used in operating activities     (95,683) (62,250)  
Investing Activities, net of effects of business combinations          
Purchase of securities available for sale     (83,090) (134,786)  
Proceeds from prepayments and maturities of securities available for sale     85,036 93,513  
Proceeds from sales of securities available for sale     3,090 53,026  
Net increase in other investments     (12,669) (13,050)  
Net increase in loans, excluding purchased loans     (786,548) (556,182)  
Payments received on purchased loans     155,033 186,319  
Purchases of loan pools     0 (151,481)  
Payments received on purchased loan pools     95,533 115,409  
Purchases of premises and equipment     (3,016) (8,250)  
Proceeds from sales of premises and equipment     16 207  
Proceeds from sales of other real estate owned     11,989 18,329  
Payments received from (payments to) FDIC under loss-share agreements     (97) 4,770  
Net cash proceeds paid in acquisitions     0 (7,205)  
Net cash used in investing activities     (534,723) (399,381)  
Financing Activities, net of effects of business combinations          
Net increase in deposits     320,341 25,448  
Net decrease in securities sold under agreements to repurchase     (39,349) (20,938)  
Proceeds from other borrowings     1,687,692 339,500  
Repayment of other borrowings     (1,371,503) (53,513)  
Issuance of common stock     88,656 0  
Proceeds from exercise of stock options     1,912 963  
Dividends paid - common stock     (10,927) (5,096)  
Purchase of treasury shares     (886) (1,225)  
Net cash provided by financing activities     675,936 285,139  
Net increase (decrease) in cash and cash equivalents     45,530 (176,492)  
Cash and cash equivalents at beginning of period     198,385 390,563 390,563
Cash and cash equivalents at end of period $ 243,915 $ 214,071 243,915 214,071 $ 198,385
Cash paid during the period for:          
Interest     23,369 13,791  
Income taxes     28,212 30,969  
Loans (excluding purchased loans) transferred to other real estate owned     4,043 2,101  
Purchased loans transferred to other real estate owned     4,294 6,262  
Loans transferred from loans held for sale to loans held for investment     165,352 94,601  
Loans provided for the sales of other real estate owned     1,334 1,471  
Assets acquired in business acquisitions     0 561,440  
Liabilities assumed in business acquisitions     0 465,048  
Issuance of common stock in acquisitions     0 72,455  
Issuance of common stock in exchange for equity investment in US Premium Finance Holding Company     5,844 0  
Change in unrealized gain (loss) on securities available for sale, net of tax     4,337 7,724  
Change in unrealized gain (loss) on cash flow hedge, net of tax     $ (38) $ (567)