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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Interest received $ 108,041 $ 85,115
Fees and commissions received 26,761 23,833
Interest paid (5,693) (5,091)
Cash paid to suppliers and employees (86,824) (71,573)
Origination of loans designated held for sale (132,482) (159,662)
Sale of loans designated held for sale 136,337 155,002
Net change in other assets (5,274) (578)
Net cash provided by operating activities 40,866 27,046
Cash flows from investing activities    
Maturity of securities available for sale 93,538 93,830
Maturity of securities held for investment 29,582 23,115
Proceeds from sale of securities available for sale 39,408 60,314
Purchases of securities available for sale (159,576) (87,468)
Purchases of securities held for investment (218,654) (24,366)
Net new loans and principal repayments (280,915) (172,858)
Proceeds from the sale of other real estate owned 4,987 4,688
(FHLB) and Federal Reserve Bank stock 1,700 7,427
Purchase of FHLB and Federal Reserve Stock (16,213) (6,798)
Net cash from bank acquisition 235,546 32,927
Additions to bank premises and equipment (5,099) (8,466)
Net cash (used in) provided by investing activities (275,696) (77,655)
Cash flows from financing activities    
Net increase in deposits 14,598 137,307
Net decrease in federal funds purchased and repurchase agreements (4,312) (6,690)
Net increase (decrease) in FHLB borrowings 255,000 (80,000)
Stock based employee benefit plans 860 94
Dividends paid 0 0
Net cash provided by financing activities 266,146 50,711
Net decrease in cash and cash equivalents 31,316 102
Cash and cash equivalents at beginning of period 136,067 100,539
Cash and cash equivalents at end of period 167,383 100,641
Reconciliation of net income to cash provided by operating activities    
Net income 18,431 16,105
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,774 2,722
Amortization of premiums and discounts on securities, net 6,381 3,061
Other amortization and accretion, net (1,862) (1,895)
Change in loans held for sale, net 3,855 (4,660)
Provision for loan losses 1,411 2,275
Gain on sale of securities (361) (160)
Gain on sale of loans (935) (658)
Losses (gains) on sale and write-downs of other real estate owned (348) 397
Losses on disposition of fixed assets 2,440 120
Change in interest receivable (2,866) (527)
Change in interest payable 297 24
Change in prepaid expenses (889) (1,097)
Change in accrued taxes 10,184 10,326
Change in other assets (5,274) (578)
Change in other liabilities 6,628 1,591
Net cash provided by operating activities 40,866 27,046
Supplemental disclosure of non cash investing activities:    
Fair value adjustment to securities 15,985 3,711
Transfer from loans to other real estate owned 2,996 4,937
Transfer from bank premises to other real estate owned 7,708
Securities principal recorded as a receivable $ 647 $ 96