| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||
- | - | - | 5,831 | - | - | - |
OPERATING ACTIVITIES | ||||||
Net income from continuing operations | ||||||
28,158 | 28,050 | -4,756 | 7,564 | - | - | - |
Net loss from discontinued operations, net of tax | ||||||
21,697 | 482 | 1,030 | - | - | - | - |
Net income | ||||||
- | - | - | - | -1,319 | 7,516 | 5,143 |
Adjustments to reconcile net income to net cash provided by operating activities | ||||||
Provision for loan losses | ||||||
2,712 | 1,946 | 3,218 | 3,816 | 8,035 | 488 | 246 |
Depreciation, amortization, and accretion | ||||||
3,361 | 4,671 | 5,287 | 6,017 | 2,390 | 2,009 | 2,487 |
Amortization of operating lease right-of-use assets | ||||||
2,004 | - | - | - | - | - | - |
Amortization of restricted stock and performance share compensation | ||||||
1,330 | 1,448 | 810 | 612 | 659 | 607 | 596 |
Stock option compensation | ||||||
169 | 242 | 1,141 | 937 | 1,175 | 57 | 228 |
Deferred income tax expense (benefit) | ||||||
10,381 | 2,226 | 24,241 | 3,322 | -680 | -275 | -375 |
(Gain) loss on sales of available-for-sale securities | ||||||
907 | -1,855 | -63 | 44 | - | - | - |
(Gain) loss on sales of securities | ||||||
- | - | - | - | 10 | 59 | 167 |
Loss on disposition of premises and equipment, net | ||||||
-27 | -214 | -359 | 52 | -13 | 0 | 0 |
Net write downs and gains on sales of other real estate owned | ||||||
154 | -222 | 288 | -417 | 189 | 0 | 0 |
Small Business Investment Company (SBIC) impairment | ||||||
26 | 228 | 0 | 0 | - | - | - |
Gain on sale of tax credit | ||||||
- | - | -426 | - | - | - | - |
Gain on sale of tax credit | ||||||
- | - | - | 0 | 0 | - | - |
Net increase in cash value of bank owned life insurance | ||||||
1,474 | 1,482 | 1,507 | 1,561 | 1,029 | 932 | 833 |
(Gain) on bank owned life insurance | ||||||
46 | 0 | 0 | - | - | - | - |
Net (gains) on sale of branches | ||||||
34,475 | 0 | 302 | - | - | - | - |
Gain on bank owned life insurance | ||||||
- | - | - | 27 | 1,112 | 0 | 0 |
Net gains on sale of branches | ||||||
- | - | - | 3,885 | 0 | 0 | - |
Net (gain) on sale of trust business | ||||||
0 | 1,681 | 0 | 0 | - | - | - |
Origination of servicing assets | ||||||
1,226 | 823 | 1,022 | 1,483 | 1,301 | 799 | - |
Proceeds from sales of SBA loans | ||||||
68,748 | 56,620 | 47,135 | - | - | - | - |
Proceeds from sales of SBA loans | ||||||
- | - | - | 49,507 | 41,857 | 32,130 | - |
Net (gains) on sale of SBA loans | ||||||
3,594 | 3,089 | 3,045 | 2,138 | 1,732 | 1,400 | - |
Proceeds from sales of TriNet loans | ||||||
- | - | - | 133,183 | 60,305 | 0 | - |
Net gains on sale of TriNet loans | ||||||
- | - | - | 1,095 | 0 | 0 | - |
Changes in operating assets and liabilities - | ||||||
Net change in loans held for sale | ||||||
-5,519 | 776 | -9,374 | 71,425 | 75,848 | 0 | -56,327 |
Net change in operating lease right-of-use assets | ||||||
3,883 | - | - | - | - | - | - |
Net (increase) decrease in other assets | ||||||
2,385 | -6,511 | 8,217 | 5,711 | 3,074 | 1,158 | -4,971 |
Net decrease in accrued expenses and other liabilities | ||||||
-13,410 | 720 | 12,089 | 2,961 | 5,081 | 2,401 | -1,826 |
Net cash provided by operating activities | ||||||
82,578 | 97,584 | 85,184 | 126,746 | 33,221 | 40,585 | 66,797 |
INVESTING ACTIVITIES | ||||||
Activity in securities available-for-sale: | ||||||
Prepayments | ||||||
40,342 | 50,380 | 47,393 | - | - | - | - |
Maturities and calls | ||||||
5,430 | 365 | 5,894 | - | - | - | - |
Prepayments | ||||||
40,342 | 50,380 | 47,393 | 43,063 | 24,025 | 17,625 | 26,053 |
Maturities and calls | ||||||
5,430 | 365 | 5,894 | 27,052 | 9,734 | 55 | 1,000 |
Sales | ||||||
116,963 | 62,087 | 19,238 | 65,103 | - | - | - |
Purchases | ||||||
28,282 | 77,036 | 173,391 | 146,741 | - | - | - |
Sales | ||||||
- | - | - | - | 23,088 | 18,813 | 16,337 |
Purchases | ||||||
- | - | - | - | 72,085 | 22,312 | 67,264 |
Activity in securities held to maturity: | ||||||
Purchases | ||||||
117,043 | - | - | - | - | - | - |
Net change in loans held for investment | ||||||
212,730 | 270,097 | 52,266 | 259,853 | 25,293 | 252,524 | 62,751 |
Net change in assets held for sale - discontinued operations | ||||||
-11,789 | 42,412 | 50,774 | - | - | - | - |
Net change in assets held for sale - discontinued operations | ||||||
- | - | - | -17,344 | - | - | - |
Net cash paid for acquisitions | ||||||
- | - | - | - | 20,377 | 0 | 0 |
(Purchases) proceeds of Federal Home Loan Bank stock, net | ||||||
58 | -1,766 | -2,679 | 6,019 | -5,966 | 1,857 | -1,432 |
(Purchases) proceeds of Federal Reserve Bank stock, net | ||||||
92 | 114 | 102 | 3,075 | 4,061 | 0 | 0 |
(Purchases) of bank owned life insurance | ||||||
- | - | - | - | - | 4,000 | 4,000 |
Proceeds from bank owned life insurance benefits | ||||||
248 | 0 | 0 | 36 | 1,886 | 0 | 0 |
Proceeds from sales of other real estate owned | ||||||
847 | 496 | 1,403 | 2,002 | 2,060 | 0 | 0 |
Net cash received (paid) for branch divestiture | ||||||
166,755 | 0 | -5,379 | - | - | - | - |
Net cash received (paid) for branch divestitures | ||||||
- | - | - | -140,295 | 0 | - | - |
Net cash paid for branch divestiture | ||||||
- | - | - | - | - | 0 | - |
Proceeds from sale of premises and equipment | ||||||
- | 2 | - | 5,649 | 837 | 0 | - |
(Purchases) of premises and equipment, net | ||||||
1,155 | 7,884 | 2,112 | 1,109 | 646 | 304 | 1,347 |
Net cash (used in) investing activities | ||||||
-374,074 | -197,623 | -95,111 | -431,531 | -54,866 | -244,504 | -90,540 |
FINANCING ACTIVITIES | ||||||
Net change in deposits | ||||||
546,532 | 87,379 | 289,897 | 177,680 | 186,351 | 24,692 | 55,342 |
Net change in liabilities to be assumed - discontinued operations | ||||||
6,560 | 6,119 | -54,248 | -24,002 | - | - | - |
Proceeds from Federal Home Loan Bank advances | ||||||
738,000 | 1,435,100 | 1,734,000 | 1,490,000 | 638,000 | 605,000 | 221,508 |
Repayments of Federal Home Loan Bank advances | ||||||
738,000 | 1,480,100 | 1,799,000 | 1,380,000 | 767,407 | 556,320 | 251,305 |
Issuance of subordinated debentures | ||||||
- | - | - | - | 50,000 | 0 | 0 |
Proceeds from exercise of stock options | ||||||
1,153 | 4,096 | 3,567 | 3,947 | 39 | 0 | 0 |
Net proceeds from issuance of common stock, net of offering costs | ||||||
- | - | - | - | 24,004 | 0 | 0 |
Repurchase of common stock | ||||||
64,813 | 14,177 | 0 | 0 | 707 | 361 | 0 |
Net cash (provided by) financing activities | ||||||
489,432 | 38,417 | 174,216 | 267,625 | 130,280 | 73,011 | 25,545 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | ||||||
197,936 | -61,622 | 164,289 | - | - | - | - |
NET CHANGE IN CASH AND CASH EQUIVALENTS | ||||||
- | - | - | -37,160 | 108,635 | -130,908 | 1,802 |
SUPPLEMENTAL SCHEDULE OF CASH FLOWS | ||||||
Interest paid | ||||||
26,960 | 22,562 | 15,212 | 11,598 | - | - | - |
Interest paid | ||||||
- | - | - | - | 3,532 | 3,427 | 3,649 |
Income taxes | ||||||
- | - | - | 3,974 | 5,927 | 3,163 | 3,093 |
Assets acquired in business combinations | ||||||
- | - | - | - | 1,244,541 | 0 | 0 |
Liabilities assumed in business combinations | ||||||
- | - | - | - | 1,076,138 | 0 | 0 |
Issuance of common stock in acquisitions | ||||||
- | - | - | - | 121,305 | 0 | 0 |
Income taxes paid | ||||||
2,190 | 270 | 898 | - | - | - | - |