| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net income | ||||||
201,958 | 166,261 | 102,353 | 65,774 | 39,256 | 44,833 | |
Adjustments to reconcile net income to net cash provided by operations: | ||||||
Depreciation and amortization/accretion | ||||||
2,163 | 20,366 | 13,635 | 13,250 | 18,262 | 20,299 | |
Deferred income tax expense | ||||||
11,840 | 4,464 | 44,388 | 5,980 | -2,928 | 11,127 | |
Provision for loan losses | ||||||
111,027 | 12,700 | 9,735 | 49,348 | 35,984 | 14,118 | |
Net accretion/amortization of fair values of assets acquired and liabilities assumed | ||||||
- | - | - | - | - | -3,077 | |
Increase in cash value of life insurance, net | ||||||
- | - | - | - | - | -2,146 | |
Securities amortization and accretion, net | ||||||
- | - | - | - | - | -2,474 | |
Equity-based compensation costs | ||||||
- | - | - | - | - | 1,033 | |
(Gain) loss on sale of securities, net | ||||||
2,018 | -1,853 | -146 | 3,736 | 1,171 | 659 | |
Gain on sale of loans, net | ||||||
4,633 | 1,422 | 2,670 | 2,904 | 2,444 | 3,137 | |
Gain on sale of insurance subsidiary assets | ||||||
- | 4,871 | - | - | - | - | |
Proceeds from paydowns and sales of loans held for sale | ||||||
355,524 | 290,733 | 195,130 | 137,351 | 148,147 | 144,908 | |
Origination of loans held for sale | ||||||
221,442 | 271,680 | 237,404 | 136,774 | 142,762 | 143,524 | |
Purchase of interest rate collar | ||||||
127,800 | - | - | - | - | - | |
Loss on foreclosed property, net | ||||||
- | - | - | -2,114 | -2,489 | 1,663 | |
Decrease (increase) in interest receivable | ||||||
-1,626 | 8,985 | 7,904 | 4,155 | -6,712 | 4,079 | |
(Increase) decrease in other assets | ||||||
43,670 | 21,644 | -4,079 | 11,685 | -1,785 | -7,459 | |
Increase in interest payable | ||||||
- | - | - | - | 1,086 | 425 | |
Increase in other liabilities | ||||||
19,297 | 1,610 | 18,078 | 1,011 | 3,736 | 4,280 | |
Other, net | ||||||
2,259 | 1,784 | 5,132 | 2,439 | 2,055 | - | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
306,131 | 191,169 | 144,698 | 118,013 | 110,207 | 92,671 | |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Cash received in acquisitions, net | ||||||
409,137 | - | - | - | - | - | |
Purchase of securities available-for-sale | ||||||
1,205,553 | 342,500 | 369,786 | 1,120,250 | 478,323 | 180,680 | |
Proceeds from sales of securities available-for-sale | ||||||
393,716 | 268,799 | 161,401 | 538,960 | 188,755 | 94,740 | |
Proceeds from maturities, calls and paydowns of securities available-for-sale | ||||||
352,452 | 111,801 | 96,728 | 134,501 | 114,064 | 69,292 | |
Purchases of other securities, net | ||||||
26,000 | 743 | 8,516 | - | - | 1,936 | |
Proceeds from maturities and calls of securities held-to-maturity | ||||||
- | - | - | - | - | 110 | |
Proceeds from sales of loans held for sale | ||||||
69,933 | 20,894 | 17,613 | 328,381 | - | - | |
Net cash paid in branch sales | ||||||
- | - | - | - | 208,439 | - | |
Increase in loans, net | ||||||
-287,556 | 1,848,463 | 847,428 | 913,069 | 805,141 | 1,376,463 | |
Proceeds from sale of insurance subsidiary assets | ||||||
- | 15,876 | - | - | - | - | |
Purchase of premises and equipment | ||||||
12,960 | 10,698 | 6,428 | 5,356 | 11,125 | 6,409 | |
Proceeds from disposition of foreclosed property | ||||||
6,365 | 7,947 | 17,220 | 28,489 | 30,904 | 50,809 | |
Other, net | ||||||
9,246 | -5,138 | 11,907 | -14,986 | 18,920 | - | |
Net cash (used in) provided by investing activities | ||||||
265,400 | -1,771,949 | -951,103 | -993,358 | -1,188,225 | -1,350,537 | |
Decrease in deposits, net | ||||||
-65,848 | 1,697,174 | 994,778 | 1,029,487 | 661,947 | 1,236,722 | |
Net change in securities sold under agreements to repurchase | ||||||
-25,005 | 80 | -2,468 | -2,346 | -6,204 | 410 | |
Net change in short term FHLB advances | ||||||
150,000 | - | -150,000 | 370,000 | -370,000 | - | |
Issuance of subordinated debentures | ||||||
83,474 | - | - | - | 39,253 | 58,836 | |
Proceeds from long term FHLB advances | ||||||
100,000 | - | - | - | - | - | |
Advances of other borrowings, net of debt issuance costs | ||||||
- | - | - | - | - | 73,860 | |
Repayment or purchase of senior debt | ||||||
134,922 | - | 9,600 | 78 | - | - | |
Issuance of senior debt, net of debt issuance costs | ||||||
- | - | - | - | 9,813 | 182,007 | |
Repayments of other borrowings | ||||||
- | - | - | - | - | 75,000 | |
Proceeds from issuance of common stock | ||||||
- | - | 155,581 | - | - | - | |
Repurchase of common stock | ||||||
79,123 | 22,010 | - | - | - | - | |
Cash dividends paid on common stock | ||||||
90,095 | 45,995 | - | - | - | - | |
Other, net | ||||||
-528 | - | - | - | - | - | |
Net cash used in financing activities | ||||||
-362,047 | 1,629,249 | 1,288,291 | 657,063 | 1,074,809 | 1,438,551 | |
Net decrease in cash and cash equivalents | ||||||
209,484 | 48,469 | 481,886 | -218,282 | -3,209 | 180,685 | |
SUPPLEMENTAL DISCLOSURES | ||||||
Non-cash investing activities (at fair value): | ||||||
Redemption of preferred stock | ||||||
- | - | - | - | - | 32,914 | |
Dividends paid on preferred stock | ||||||
- | - | - | - | - | 1,370 | |
Dividends paid to Parent | ||||||
- | - | - | - | - | 4,000 | |