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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES      
Net income $ 40,847 $ 38,723 $ 20,018
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 8,058 6,642 4,938
Amortization of intangible assets 3,741 2,330 1,414
Net amortization of investment securities available for sale 5,881 3,666 3,191
Net gains on securities available for sale (137) (138) (171)
Stock based compensation expense 1,485 2,057 1,041
Net (gains) losses on sale or disposal of premises and equipment 184 (516) (55)
Net write-downs and losses on sale of other real estate owned 15,696 4,950 9,162
Provision for loan losses 5,264 5,648 11,486
Accretion of discount on covered loans (9,658) (22,188) (42,208)
Accretion of discount on purchased non-covered loans (10,590) (9,745) 0
Changes in FDIC loss-share receivable, net of cash payments received 5,777 11,596 25,461
Increase in cash surrender value of BOLI (1,384) (1,623) (1,223)
Provision for deferred taxes (344) 6,516 3,543
(Increase)/decrease in interest receivable (4,251) (1,952) (1,395)
Increase/(decrease) in interest payable (327) (49) 199
Increase/(decrease) in taxes payable 9,033 (7,221) (1,420)
Originations of mortgage loans held for sale (1,038,691) (687,090) (525,376)
Proceeds from sales of mortgage loans held for sale 991,310 695,429 524,559
Net gains on mortgage loans held for sale (40,389) (28,532) (17,675)
Originations of SBA loans (54,594) (58,089) (12,486)
Proceeds from sales of SBA loans 39,484 32,782 15,754
Net gains on sale of SBA loans (4,522) (3,896) (1,500)
Decrease in prepaid FDIC assessments 0 0 2,843
Change attributable to other operating activities 12,904 5,104 1,749
Net cash provided by (used in) operating activities (25,223) (5,596) 21,849
INVESTING ACTIVITIES, net of effects of business combinations      
Purchases of securities available for sale (249,115) (126,909) (90,033)
Proceeds from maturities of securities available for sale 89,030 51,215 50,490
Proceeds from sale of securities available for sale 72,528 94,051 36,669
(Increase)/decrease in restricted equity securities, net 1,824 8,028 (1,269)
Net increase in loans, excluding purchased non-covered and covered loans (413,775) (251,955) (183,731)
Purchase of loan pools (622,533) 0 0
Payments received on purchased non-covered loans 154,666 74,931 943
Payments received on covered loans 79,372 102,996 120,155
Purchase of premises and equipment (12,576) (5,709) (5,634)
Proceeds from sale of premises and equipment 244 1,213 2,114
Purchase of bank owned life insurance (4,000) 0 (30,000)
Proceeds from sale of other real estate owned 43,269 43,793 68,917
Payments received from FDIC under loss-sharing agreements 19,273 22,494 68,822
Net cash proceeds received from acquisitions 673,933 17,022 25,810
Net cash provided by (used in) investing activities (167,860) 31,170 63,253
FINANCING ACTIVITIES, net of effects of business combinations      
Net increase (decrease) in deposits 353,984 62,894 (99,115)
Net increase (decrease) in securities sold under agreements to repurchase (9,725) (15,634) 11,866
Repayment of other borrowings (39,881) (257,060) (177,741)
Proceeds from other borrowings 0 118,963 175,000
Dividends paid - preferred stock 0 (286) (1,400)
Dividends paid - common stock (6,439) (4,016) 0
Redemption of preferred stock 0 (28,000) 0
Issuance of common stock 114,889 0 0
Proceeds from exercise of stock options 1,191 459 410
Purchase of treasury shares (732) (474) (116)
Net cash provided by (used in) financing activities 413,287 (123,154) (91,096)
Net increase (decrease) in cash and due from banks 220,204 (97,580) (5,994)
Cash and cash equivalents at beginning of period 170,359 267,939 273,933
Cash and cash equivalents at end of period 390,563 170,359 267,939
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid during the year for: Interest 15,183 14,667 9,938
Cash paid during the year for: Income taxes 5,828 19,281 16,925
Loans (excluding purchased non-covered and covered loans) transferred to other real estate owned 11,261 11,972 9,137
Purchased non-covered loans transferred to other real estate owned 4,473 4,160 0
Covered loans transferred to other real estate owned 7,910 13,650 31,833
Loans transferred from mortgage loans available for sale to loans 71,347 0 0
Loans provided for the sales of other real estate owned 4,826 1,109 2,416
Assets acquired in business combinations 1,169,990 448,971 745,027
Liabilities assumed in business combinations 1,099,988 411,701 720,236
Issuance of common stock in acquisitions 0 34,474 24,629
Change in unrealized gain (loss) on securities available for sale, net (2,389) 7,281 (8,321)
Change in unrealized gain on cash flow hedge (interest rate swap), net $ (356) $ (889) $ 1,420