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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Interest received $ 85,115 $ 54,993
Fees and commissions received 23,833 17,237
Interest paid (5,091) (3,828)
Cash paid to suppliers and employees (71,573) (56,851)
Origination of loans held for sale (159,662) (135,511)
Proceeds from loans held for sale 155,002 130,859
Net change in other assets (578) (231)
Net cash provided by operating activities 27,046 6,668
Cash flows from investing activities    
Maturity of securities available for sale 93,830 66,683
Maturity of securities held for investment 23,115 9,339
Proceeds from sale of securities available for sale 60,314 16,444
Purchase of securities available for sale (87,468) (194,951)
Purchase of securities held for investment (24,366) (27,332)
Net new loans and principal repayments (172,858) (87,534)
Proceeds from the sale of other real estate owned 4,688 3,276
Proceeds from sale of Federal Home Loan Bank (FHLB) and Federal Reserve Bank stock 7,427 600
Purchase of FHLB and Federal Reserve Stock (6,798) (3,600)
Net cash from bank acquisition (net of $1,481 paid for preferred stock) 32,927 0
Additions to bank premises and equipment (8,466) (2,701)
Net cash (used in) provided by investing activities (77,655) (219,776)
Cash flows from financing activities    
Net increase in deposits 137,307 2,505
Net increase (decrease) in federal funds purchased and repurchase agreements (86,690) 53,126
Issuance of common stock, net of related expense 0 24,637
Stock based employee benefit plans 94 112
Net cash provided by financing activities 50,711 80,380
Net decrease in cash and cash equivalents 102 (132,728)
Cash and cash equivalents at beginning of period 100,539 191,624
Cash and cash equivalents at end of period 100,641 58,896
Reconciliation of net income to cash provided by operating activities    
NET INCOME 16,105 7,213
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,722 2,396
Amortization of premiums and discounts on securities, net 3,061 1,494
Other amortization and accretion, net (1,895) 804
Change in loans held for sale, net (4,660) (4,652)
Provision (recapture) for loan losses 2,275 (3,604)
Gain on sale of securities (160) (361)
Gain on sale of loans (658) (624)
Losses on sale and write-downs of other real estate owned 397 301
Losses (gains) on disposition of fixed assets 120 1
Change in interest receivable (527) (707)
Change in interest payable 24 (13)
Change in prepaid expenses (1,097) (551)
Change in accrued taxes 10,326 5,534
Change in other assets (578) (231)
Change in other liabilities 1,591 (332)
Net cash provided by operating activities 27,046 6,668
Supplemental disclosure of non cash investing activities:    
Fair value adjustment to securities 3,711 11,198
Transfer from loans to other real estate owned 4,937 1,672
Matured securities recorded as a receivable 96 416
Transfer from securities available for sale to securities held for investment $ 0 $ 158,781