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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Interest received $ 110,712 $ 78,564 $ 73,849
Fees and commissions received 32,072 24,689 24,168
Interest paid (8,086) (4,508) (5,584)
Cash paid to suppliers and employees (96,728) (81,268) (65,405)
Income taxes paid (575) (239) (157)
Origination of loans designated held for sale (206,199) (188,952) (208,998)
Sale of loans designated held for sale 194,279 190,706 231,187
Net change in other assets (2,486) 2,954 792
Net cash provided by operating activities 22,989 21,946 49,852
CASH FLOWS FROM INVESTING ACTIVITIES      
Maturity of securities available for sale 118,493 92,499 155,627
Maturity of securities held for investment 28,629 16,138 0
Proceeds from sale of securities available for sale 60,314 21,527 67,330
Purchases of securities available for sale (159,616) (280,137) (230,118)
Purchase of securities held for investment (24,366) (65,340) 0
Net new loans and principal payments (217,871) (154,772) (88,039)
Proceeds from sale of loans 525 0 379
Proceeds from the sale of other real estate owned 5,758 4,066 8,843
Proceeds from sale of Federal Home Loan Bank and Federal Reserve Bank Stock 7,427 2,423 943
Purchase of Federal Home Loan Bank and Federal Reserve Bank Stock (7,510) (6,425) (1,303)
Purchase of bank owned life insurance 0 (30,000) 0
Net cash from bank acquisition 32,927 110,996 0
Additions to bank premises and equipment (9,091) (6,083) (2,817)
Net cash (used) by investing activities (164,381) (295,108) (89,155)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposits 240,086 93,446 47,085
Net increase (decrease) in federal funds purchased and repurchase agreements (63,293) 63,852 14,507
Increase in borrowings and subordinated debt 0 0 0
Issuance of common stock, net of related expense 0 24,637 46,977
Stock based employee benefit plans 127 142 190
Redemption of preferred stock 0 0 (50,000)
Dividends paid on preferred shares 0 0 (2,819)
Net cash provided by financing activities 176,920 182,077 55,940
Net increase (decrease) in cash and cash equivalents 35,528 (91,085) 16,637
Cash and cash equivalents at beginning of year 100,539 191,624 174,987
Cash and cash equivalents at end of year $ 136,067 $ 100,539 $ 191,624