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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 42,865 $ 29,202 $ 22,141
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 5,614 5,076 3,773
Amortization of premiums and discounts on securities, net 3,977 7,559 3,920
Other amortization and accretion, net (697) (2,238) (1,601)
Stock based compensation 5,267 4,154 2,859
Origination of loans designated for sale (213,027) (175,842) (206,199)
Sale of loans designated for sale 211,091 190,843 199,425
Provision for loan losses 5,648 2,411 2,644
Deferred income taxes 35,827 14,206 12,888
Gains on sale of securities (86) (368) (161)
Gain on sale of VISA Class B stock (15,153) 0 0
Gains on sale of loans (7,038) (6,335) (5,146)
Losses (gains) on sale and write-downs of other real estate owned (711) (509) 239
Losses on disposition of fixed assets 2,270 2,442 183
Changes in operating assets and liabilities, net of effects from acquired companies:      
Net increase in other assets (5,506) (11,573) (4,828)
Net increase (decrease) in other liabilities (21,432) 2,979 (628)
Net cash provided by operating activities 48,909 62,007 29,509
CASH FLOWS FROM INVESTING ACTIVITIES      
Maturities and repayments of securities available for sale 211,173 127,879 118,493
Maturities and repayments of securities held for investment 86,460 48,705 28,629
Proceeds from sale of securities available for sale 235,613 40,421 60,314
Purchases of securities available for sale (371,926) (297,719) (159,616)
Purchases of securities held for investment (131,439) (218,654) (24,366)
Maturities of time deposits with other banks 4,720 0 0
Net new loans and principal repayments (328,868) (396,862) (224,391)
Proceeds from the sale of portfolio loans 106,815 71,433 525
Purchases of loans held for investment (55,352) (64,925) 0
Proceeds from the sale of other real estate owned 6,069 7,952 5,758
Proceeds from sale of Federal Home Loan Bank (FHLB) and Federal Reserve Bank Stock 48,295 9,350 7,427
Purchase of FHLB and Federal Reserve Bank Stock (42,680) (28,857) (7,510)
Purchase of VISA Class B stock (6,180) 0 0
Redemption of bank owned life insurance 3,609 0 0
Purchase of bank owned life insurance (30,000) (40,000) 0
Net cash from bank acquisitions 23,825 235,546 32,927
Additions to bank premises and equipment (5,710) (6,054) (9,091)
Net cash used in investing activities (245,576) (511,785) (170,901)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposits 333,049 27,320 240,086
Net increase in federal funds purchased and repurchase agreements 11,892 32,196 16,707
Net increase (decrease) in FHLB borrowings (204,000) 415,000 (80,000)
Early redemption of FHLB borrowings 0 (50,000) 0
Stock based employee benefit plans (55) (1,161) 127
Issuance of common stock, net of related expense 55,641 0 0
Dividends paid 0 0 0
Net cash provided by financing activities 196,527 423,355 176,920
Net increase (decrease) in cash and cash equivalents (140) (26,423) 35,528
Cash and cash equivalents at beginning of year 109,644 136,067 100,539
Cash and cash equivalents at end of year 109,504 109,644 136,067
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 15,125 7,855 6,636
Cash paid during the period for income taxes 400 703 575
Supplemental disclosure of non cash investing activities:      
Transfer from loans to other real estate owned 1,774 3,009 4,946
Transfer from bank premises to other real estate owned $ 1,212 $ 7,708 $ 309