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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Operating Activities          
Net income $ 21,384 $ 41,444 $ 100,193 $ 77,491  
Adjustments reconciling net income to net cash provided by (used in) operating activities:          
Depreciation     9,077 7,359  
Net losses on sale or disposal of premises and equipment including write-downs     159 78  
Net write-downs on other assets     4,359 0  
Provision for loan losses 5,989 2,095 14,065 13,006 $ 16,667
Net losses on sale of other real estate owned including write-downs     158 947  
Share-based compensation expense     2,450 5,433  
Amortization of intangible assets 5,719 2,676 11,972 5,862  
Amortization of operating lease right-of-use assets     7,145 0  
Provision for deferred taxes     12,084 1,023  
Net amortization of investment securities available for sale     3,069 3,909  
Net (gain) loss on securities (4) (48) (139) 38  
Accretion of discount on purchased loans     (10,503) (8,083)  
Amortization of premium on purchased loan pools     977 1,473  
Accretion on other borrowings     33 98  
Accretion on subordinated deferrable interest debentures     1,170 1,001  
Originations of mortgage loans held for sale     (2,376,070) (1,361,509)  
Payments received on mortgage loans held for sale     4,438 840  
Proceeds from sales of mortgage loans held for sale     1,660,599 1,188,493  
Net gains on sale of mortgage loans held for sale     (52,605) (28,236)  
Originations of SBA loans     (22,121) (18,032)  
Proceeds from sales of SBA loans     42,647 27,275  
Net gains on sale of SBA loans     (4,220) (2,246)  
Increase in cash surrender value of bank owned life insurance     (1,861) (1,311)  
Gain on bank owned life insurance proceeds     (4,335) 0  
Loss on sale of loans     1,954 0  
Changes in FDIC loss-share payable, net of cash payments     3,695 1,823  
Change attributable to other operating activities     4,307 (10,268)  
Net cash used in operating activities     (587,303) (93,536)  
Investing Activities, net of effects of business combinations          
Proceeds from maturities of time deposits in other banks     10,313 0  
Purchases of securities available for sale     (219,352) (234,711)  
Proceeds from prepayments and maturities of securities available for sale     176,760 112,119  
Proceeds from sales of securities available for sale     64,995 68,727  
Net (increase) decrease in other investments     (44,936) 12,040  
Net increase in loans, excluding purchased loans     (1,571,033) (437,513)  
Payments received on purchased loans     619,024 208,910  
Payments received on purchased loan pools     32,516 60,042  
Purchases of premises and equipment     (5,924) (7,335)  
Proceeds from sales of premises and equipment     5,330 576  
Proceeds from sales of other real estate owned     7,448 7,461  
Payments paid to FDIC under loss-share agreements     (3,692) (1,205)  
Proceeds from bank owned life insurance     8,178 0  
Proceeds from sales of loans     96,162 0  
Net cash and cash equivalents received in acquisitions     244,181 51,495  
Net cash used in investing activities     (580,030) (159,394)  
Financing Activities, net of effects of business combinations          
Net (decrease) increase in deposits     (33,042) 389,884  
Net decrease in securities sold under agreements to repurchase     (24,985) (16,567)  
Proceeds from other borrowings     2,969,000 1,530,000  
Repayment of other borrowings     (1,921,267) (1,338,917)  
Proceeds from exercise of stock options     3,587 846  
Dividends paid - common stock     (14,237) (11,655)  
Purchase of treasury shares     (11,561) (2,062)  
Net cash provided by financing activities     967,495 551,529  
Net (decrease) increase in cash and cash equivalents     (199,838) 298,599  
Cash and cash equivalents at beginning of period     679,527 330,658 330,658
Cash and cash equivalents at end of period $ 479,689 $ 629,257 479,689 629,257 $ 679,527
Cash paid during the period for:          
Interest     87,066 45,535  
Income taxes     32,096 10,252  
Loans (excluding purchased loans) transferred to other real estate owned     503 3,764  
Purchased loans transferred to other real estate owned     3,908 2,434  
Loans transferred from loans held for sale to loans held for investment     0 10,817  
Loans transferred from loans held for investment to loans held for sale     1,554 8,831  
Loans provided for the sales of other real estate owned     144 53  
Initial recognition of operating lease right-of-use assets     27,286 0  
Initial recognition of operating lease liabilities     29,651 0  
Right-of-use assets obtained in exchange for new operating lease liabilities     262 0  
Assets acquired in business acquisitions     5,186,974 3,059,856  
Liabilities assumed in business acquisitions     4,317,661 2,410,453  
Issuance of common stock in acquisitions     869,294 547,127  
Change in unrealized gain (loss) on securities available for sale, net of tax     20,778 (15,590)  
Change in unrealized gain (loss) on cash flow hedge, net of tax     $ (470) $ 294