| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
Net income | |||||||||
155,131 | 152,411 | 134,740 | 119,291 | 82,682 | 55,956 | 40,291 | 29,476 | 20,579 | 21,128 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||
Accretion of discounts on securities | |||||||||
264 | 624 | 2,766 | 5,276 | 5,517 | 8,340 | 7,687 | 11,177 | 16,663 | 24,062 |
Net accretion on securities and loans and leases | |||||||||
30,176 | 29,381 | 4,859 | -959 | 27 | 2,647 | 3,443 | 1,950 | 3,861 | 3,840 |
Amortization of borrowing costs | |||||||||
208 | 208 | 208 | 72 | 5 | - | - | - | - | 15 |
Stock-based compensation expense | |||||||||
23,439 | 20,399 | 14,535 | 11,326 | 6,648 | 4,358 | 3,297 | 2,493 | 2,153 | 866 |
Tax benefit from exercise of common stock options and vesting of restricted stock units | |||||||||
- | - | - | - | 5,526 | 4,856 | 2,332 | 740 | 663 | - |
Valuation of financial instruments carried at fair value | |||||||||
0 | 0 | 743 | -248 | -234 | 955 | 1,273 | 785 | 651 | -1,039 |
Net (gain) loss on sale of investment securities | |||||||||
709 | -18 | 3,920 | 1,427 | 587 | 0 | 212 | 0 | 2,420 | 13,037 |
Impairment charge on securities | |||||||||
821 | 156 | 1,964 | 565 | 2,365 | 2,802 | 3,501 | 2,803 | 1,541 | 6,038 |
Provision for loan and lease losses | |||||||||
27,350 | 25,800 | 11,061 | 9,700 | 11,200 | 5,350 | 7,550 | 8,063 | 5,800 | 5,775 |
Broker-dealer reserve for bad debt | |||||||||
15,298 | 0 | 0 | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||
-8,686 | 17,034 | -2,220 | -6,647 | -8,818 | -2,040 | -4,618 | -2,328 | -226 | -4,367 |
Origination of loans held for sale | |||||||||
1,471,906 | 1,564,165 | 1,375,443 | 1,363,025 | 1,048,982 | 741,494 | 1,085,941 | 664,622 | 216,868 | 114,842 |
Unrealized (gain) loss on loans held for sale | |||||||||
252 | 253 | -222 | 97 | -119 | -179 | -284 | 549 | 350 | 0 |
Gain on sales of loans held for sale | |||||||||
11,427 | 19,489 | 18,771 | 26,616 | 21,057 | 17,007 | 24,367 | 16,159 | 4,953 | 1,694 |
Proceeds from sale of loans held for sale | |||||||||
1,481,911 | 1,576,353 | 1,433,068 | 1,427,986 | 1,114,097 | 727,265 | 1,081,954 | 590,066 | 214,261 | 114,215 |
Change in fair value of mortgage servicing rights | |||||||||
3,362 | 83 | -31 | 889 | 265 | -45 | 0 | 0 | - | - |
(Gain) loss on sale of other real estate and foreclosed assets | |||||||||
283 | 258 | 42 | 145 | 283 | 350 | 372 | -1,878 | 2,116 | 1,657 |
Depreciation and amortization | |||||||||
16,471 | 8,574 | 6,094 | 4,795 | 3,273 | 2,874 | 1,904 | 1,316 | 618 | 235 |
Net changes in assets and liabilities which provide (use) cash: | |||||||||
Accrued interest receivable | |||||||||
12,300 | 6,082 | -4,511 | 6,070 | 6,405 | 4,100 | 1,891 | 1,295 | 1,537 | -828 |
Securities borrowed | |||||||||
-13,192 | 0 | 0 | - | - | - | - | - | - | - |
Customer, broker-dealer and clearing receivables | |||||||||
-13,684 | 0 | 0 | - | - | - | - | - | - | - |
Other assets | |||||||||
15,264 | 40,988 | -807 | 9,539 | 17,953 | 1,224 | -3,466 | 163 | -1,213 | 3,184 |
Accrued interest payable | |||||||||
1,129 | 469 | -383 | 401 | -84 | -324 | -128 | -435 | 258 | -129 |
Securities loaned | |||||||||
-4,685 | 0 | 0 | - | - | - | - | - | - | - |
Customer, broker-dealer and clearing payables | |||||||||
-1,506 | 0 | 0 | - | - | - | - | - | - | - |
Accounts payable and other liabilities | |||||||||
9,883 | 27,650 | 466 | 9,513 | 10,453 | 5,917 | 5,767 | 7,837 | 3,768 | -1,641 |
Net cash provided by (used in) operating activities | |||||||||
204,421 | 167,915 | 198,498 | 166,903 | 116,102 | 21,319 | 15,750 | -56,271 | 4,115 | -15,000 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
Purchases of investment securities | |||||||||
146,886 | 100,503 | 249,909 | 161,395 | 10,464 | 83,033 | 79,533 | 78,367 | 284,034 | 223,754 |
Proceeds from sales of available-for-sale securities | |||||||||
15,863 | 52,714 | 161,048 | 14,969 | 9,539 | 0 | 2,775 | 0 | 16,523 | 27,118 |
Proceeds from repayment of securities | |||||||||
93,779 | 139,338 | 307,456 | 80,009 | 80,546 | 88,086 | 88,106 | 118,409 | 323,636 | 284,513 |
Purchase of stock of regulatory agencies | |||||||||
204,206 | 33,966 | 66,294 | 136,952 | 60,870 | 34,221 | 14,868 | 8,437 | 66 | 0 |
Proceeds from redemption of stock of regulatory agencies | |||||||||
203,611 | 79,923 | 60,210 | 146,099 | 37,370 | 19,201 | 7,798 | 3,220 | 2,751 | 700 |
Origination of loans and leases held for investment | |||||||||
6,756,832 | 5,895,902 | 4,068,990 | 3,582,766 | 3,242,828 | 2,297,976 | 953,012 | 732,820 | 608,901 | 74,702 |
Proceeds from sale of loans held for investment | |||||||||
119,881 | 20,719 | 31,918 | 49,882 | - | - | - | 83,985 | 0 | 0 |
Origination of mortgage warehouse loans, net | |||||||||
126,491 | 26,899 | 113,711 | 51,145 | 29,083 | 0 | 101,612 | 6 | 0 | - |
Proceeds from sales of other real estate owned and repossessed assets | |||||||||
2,202 | 1,832 | 367 | 1,478 | 1,518 | 2,724 | 3,151 | 8,401 | 3,484 | 6,650 |
Cash paid for deposit acquisition | |||||||||
14,747 | 0 | 0 | - | - | - | - | - | - | - |
Cash paid for acquisition | |||||||||
0 | 70,002 | 0 | 0 | - | - | - | - | - | - |
Acquisition of business activity, net of cash paid | |||||||||
-67,343 | 0 | 0 | - | - | - | - | - | - | - |
Purchases of loans and leases, net of discounts and premiums | |||||||||
11,525 | 0 | 269,886 | 140,493 | 2,452 | 95 | 1,541 | 0 | 124,784 | 185,812 |
Principal repayments on loans and leases | |||||||||
5,846,349 | 4,818,558 | 3,427,818 | 2,253,017 | 1,847,665 | 990,305 | 541,076 | 278,240 | 163,348 | 93,788 |
Purchases of furniture, equipment and software | |||||||||
20,082 | 11,817 | 8,758 | 10,239 | 5,117 | 3,163 | 3,914 | 2,571 | 3,150 | 420 |
Net cash used in investing activities | |||||||||
-931,741 | -1,026,005 | -788,731 | -1,537,536 | -1,374,176 | -1,318,172 | -511,574 | -329,946 | -511,193 | -71,919 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
Net increase (decrease) in deposits | |||||||||
997,823 | 1,085,843 | 855,456 | 1,592,134 | 1,410,381 | 949,537 | 476,911 | 274,763 | 372,145 | 319,656 |
Net (repayment) proceeds of the Federal Home Loan Bank term advances | |||||||||
- | - | - | 70,000 | 734,000 | 950,000 | 327,417 | 225,000 | 332,000 | 161,000 |
Net (repayment) proceeds of the Federal Home Loan Bank term advances | |||||||||
147,500 | 30,000 | 95,000 | 35,000 | 891,000 | 630,417 | 159,000 | 108,000 | 210,000 | 241,000 |
Net (repayment) proceeds of Federal Home Loan Bank other advances | |||||||||
-149,000 | 153,000 | -8,000 | 61,000 | - | - | - | - | - | - |
Repayments of other borrowings and securities sold under agreements to repurchase | |||||||||
- | - | - | 0 | 10,000 | 65,000 | 10,000 | 12,500 | 2,500 | 0 |
Net proceeds (repayment) of other borrowings | |||||||||
21,700 | -20,000 | -15,000 | - | - | - | - | - | - | - |
Tax payments related to settlement of restricted stock units | |||||||||
9,916 | 9,952 | 6,532 | 6,141 | - | - | - | - | - | - |
Payments for Repurchase of Common Stock | |||||||||
56,437 | 35,183 | 0 | 0 | - | - | - | - | - | - |
Settlement of securities sold under agreements to repurchase | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Proceeds from borrowing at the Fed Discount Window | |||||||||
- | - | - | - | - | - | - | - | - | 125,000 |
Repayment of borrowing at the Fed Discount Window | |||||||||
- | - | - | - | - | - | - | - | - | 285,000 |
Proceeds from exercise of common stock options | |||||||||
- | - | - | 151 | 781 | 500 | 260 | 726 | 922 | 1,790 |
Proceeds from issuance of common stock | |||||||||
- | - | - | 21,120 | 75,985 | 41,576 | 6,765 | 13,344 | 4 | 15,094 |
Proceeds from issuance of preferred stock | |||||||||
- | - | - | - | - | - | 18,544 | 19,487 | 0 | 0 |
Excess Tax Benefit from Share-based Compensation, Financing Activities | |||||||||
0 | 0 | 432 | 2,531 | 5,526 | 4,856 | 2,332 | 740 | 663 | 789 |
Cash dividends paid on preferred stock | |||||||||
232 | 309 | 309 | 309 | 309 | 309 | 1,137 | 969 | 309 | 611 |
Proceeds from issuance of subordinated notes | |||||||||
7,400 | 0 | 0 | 51,000 | 0 | 0 | - | - | - | - |
Net cash provided by financing activities | |||||||||
961,838 | 837,399 | 747,047 | 1,634,486 | 1,325,364 | 1,250,743 | 662,092 | 412,591 | 497,925 | 96,718 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | |||||||||
234,518 | -20,691 | 156,814 | 263,853 | 67,290 | -46,110 | 166,268 | 26,374 | -9,153 | 9,799 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||||||||
Interest paid on deposits and borrowed funds | |||||||||
152,756 | 106,112 | 74,442 | 56,296 | 45,503 | 36,104 | 34,154 | 36,980 | 34,164 | 35,066 |
Income taxes paid | |||||||||
64,117 | 79,628 | 102,482 | 89,184 | 68,481 | 37,339 | 35,830 | 15,255 | 13,697 | 20,174 |
Transfers to other real estate and repossessed vehicles | |||||||||
850 | 10,113 | 1,982 | 571 | 2,484 | 1,206 | 4,466 | 1,817 | 11,746 | 5,467 |
Transfers from loans and leases held for investment to loans held for sale | |||||||||
106,911 | 31,207 | 2,935 | 79,706 | 30,000 | 39,799 | 4,654 | 81,029 | 6,911 | 0 |
Transfers from loans held for sale to loans and leases held for investment | |||||||||
1,714 | 3,969 | 2,790 | 25,141 | 7,237 | 1,471 | 40,779 | 29,786 | 0 | 0 |
Loans held for investment sold, cash not received | |||||||||
0 | 17,742 | 0 | 32,124 | - | - | - | - | - | - |
Securities transferred from held-to-maturity to available for sale portfolio | |||||||||
0 | 0 | 194,153 | 0 | - | - | - | - | - | 1,245 |
Preferred stock dividends declared but not paid | |||||||||
77 | 0 | 0 | - | - | - | - | - | - | 0 |
Transfer from preferred stock to common stock | |||||||||
- | - | - | - | - | - | 18 | 0 | 0 | - |
Transfer from preferred stock to additional paid-in capital | |||||||||
- | - | - | - | - | - | 37,965 | 0 | 0 | - |