| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
83,814 | 80,236 | 52,398 | 40,591 | 47,856 | 32,462 | |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation expense | ||||||
5,176 | 4,334 | 4,316 | 3,995 | 3,283 | 3,099 | |
Amortization of core deposit and other intangibles | ||||||
4,339 | 3,185 | 1,995 | 2,132 | 1,731 | 1,613 | |
Capitalization of mortgage servicing rights | ||||||
42,151 | 54,913 | 58,984 | 46,070 | 26,474 | 6,429 | |
Amortization of mortgage servicing rights | ||||||
- | - | - | 8,321 | 2,601 | 397 | |
Change In Fair Value Of Mortgage Servicing Rights | ||||||
26,299 | 2,763 | 4,023 | 0 | - | - | |
Impairment of mortgage servicing rights | ||||||
- | - | - | 4,678 | 194 | 0 | |
Share-based Payment Arrangement, Noncash Expense | ||||||
7,089 | 7,207 | 6,760 | 4,693 | - | - | |
Provision for loan losses | ||||||
7,053 | 5,398 | -950 | -1,479 | -3,064 | -2,716 | |
Provision for mortgage loan repurchases | ||||||
362 | 174 | 810 | 512 | 1,375 | 161 | |
Accretion of yield on purchased loans | ||||||
8,556 | 7,608 | 5,419 | 3,538 | 493 | - | |
Accretion of discounts and amortization of premiums on securities, net | ||||||
-3,026 | -2,768 | -2,693 | -2,326 | -1,474 | -1,387 | |
Debt and Equity Securities, Gain (Loss) | ||||||
57 | -116 | 285 | 4,407 | 1,844 | 2,000 | |
Bargain purchase gain | ||||||
- | - | - | - | 2,794 | - | |
Originations of loans held for sale | ||||||
4,540,652 | 5,958,066 | 6,331,458 | 4,671,561 | 2,757,463 | 1,156,187 | |
Repurchases of loans held for sale | ||||||
9,919 | 12,232 | 0 | 0 | - | - | |
Proceeds from sale of loans held for sale | ||||||
4,662,728 | 6,260,532 | 6,408,198 | 4,534,837 | 2,739,914 | 1,047,907 | |
Gain on sale and change in fair value of loans held for sale | ||||||
100,228 | 88,743 | 107,189 | 115,485 | 65,947 | 30,617 | |
Loss on sale of mortgage servicing rights | ||||||
0 | 0 | -249 | - | - | - | |
Servicing Asset At Amortized Value Gain Loss On Sale | ||||||
- | - | - | 3,406 | - | - | |
Gains (Losses) on Sales of Other Real Estate | ||||||
545 | -99 | 774 | 1,282 | -317 | 132 | |
Gain (Loss) on Disposition of Other Assets | ||||||
-104 | 328 | -664 | -103 | -393 | 19 | |
Goodwill, Impairment Loss | ||||||
100 | 0 | 0 | - | - | - | |
Provision for deferred income taxes | ||||||
-1,916 | 6,359 | 6,458 | 9,257 | 1,647 | 842 | |
Changes in: | ||||||
Other assets and interest receivable | ||||||
-45,180 | -22,966 | 6,478 | -24,730 | -1,301 | -5,498 | |
Accrued expenses and other liabilities | ||||||
13,019 | -16,107 | 47,627 | 15,312 | 12,820 | 10,123 | |
Net cash (used in) provided by operating activities | ||||||
63,905 | 212,208 | 37,610 | -245,201 | -45,775 | -105,607 | |
Cash flows from investing activities: | ||||||
Activity in available-for-sale securities: | ||||||
Proceeds from Sale of Debt Securities, Available-for-sale | ||||||
24,498 | 2,742 | 94,743 | 271,148 | 194,611 | 68,900 | |
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | ||||||
113,018 | 73,066 | 83,344 | 104,368 | 103,233 | 84,386 | |
Purchases | ||||||
151,425 | 203,844 | 81,353 | 316,384 | 164,864 | 109,709 | |
Net increase in loans | ||||||
364,975 | 491,774 | 241,379 | - | - | - | |
Purchases of FHLB stock | ||||||
2,544 | 2,020 | 0 | 127,949 | 206,670 | 73,111 | |
Purchases of FHLB stock | ||||||
- | - | - | 0 | - | - | |
Proceeds from sale of mortgage servicing rights | ||||||
29,160 | 39,428 | 11,686 | 34,118 | - | - | |
Purchases of premises and equipment | ||||||
6,812 | 10,144 | 4,545 | 4,784 | 5,918 | 5,424 | |
Proceeds from the sale of premises and equipment | ||||||
1,275 | 357 | 39 | 46 | 17 | 607 | |
Proceeds from Sale of Other Real Estate | ||||||
3,860 | 4,819 | 5,438 | 6,696 | 3,774 | - | |
Proceeds from the sale of other assets | ||||||
0 | 869 | 0 | 0 | - | - | |
Net cash paid in business combination | ||||||
-171,032 | 0 | 135,141 | 0 | -23,995 | - | |
Proceeds from the sale of foreclosed assets | ||||||
- | - | - | - | - | 4,738 | |
Net cash provided by (used) in investing activities | ||||||
-182,913 | -586,501 | -267,168 | -32,741 | -51,822 | -29,613 | |
Cash flows from financing activities: | ||||||
Net increase in demand deposits | ||||||
249,348 | 75,906 | 14,682 | 167,616 | 306,360 | 165,119 | |
Net (decrease) increase in time deposits | ||||||
-75,004 | 431,416 | -1,367 | 65,472 | -37,671 | -45,117 | |
Net increase in securities sold under agreements to repurchase and federal funds purchased | ||||||
-908 | 788 | -7,268 | - | -8,361 | 6,436 | |
Payments on FHLB advances | ||||||
68,235 | -120,607 | 53,579 | - | - | - | |
Net increase (decrease) in borrowings | ||||||
- | - | - | 36,704 | -81,378 | 9,000 | |
Decrease in long-term debt | ||||||
- | - | - | - | -8,234 | - | |
Share based compensation witholding payment | ||||||
6,097 | 2,664 | 0 | 0 | - | - | |
Payments on long-term debt | ||||||
- | - | - | - | - | 3,011 | |
Net proceeds from sale of common stock | ||||||
804 | 1,196 | 153,356 | 116,054 | - | - | |
Dividends paid | ||||||
10,045 | 6,137 | 0 | 69,300 | 25,350 | 14,850 | |
Net cash provided by financing activities | ||||||
226,333 | 379,898 | 212,982 | 316,546 | 145,366 | 117,577 | |
Net change in cash and cash equivalents | ||||||
107,325 | 5,605 | -16,576 | 38,604 | 47,769 | -17,643 | |
Supplemental cash flow information: | ||||||
Interest paid | ||||||
55,051 | 31,992 | 15,470 | 9,474 | 8,985 | 9,725 | |
Taxes paid | ||||||
25,920 | 24,387 | 22,292 | 1,307 | 1,754 | 1,513 | |
Supplemental noncash disclosures: | ||||||
Real Estate Owned, Transfer to Real Estate Owned | ||||||
5,487 | 2,138 | 3,605 | 2,724 | 4,085 | 4,308 | |
Property, Plant and Equipment, Transfers and Changes | ||||||
4,290 | 0 | 3,466 | - | - | - | |
Real Estate Owned, Transfer from Real Estate Owned | ||||||
166 | 1,019 | 256 | 1,548 | 785 | 1,239 | |
Transfers from loans to loans held for sale | ||||||
7,891 | 11,888 | 0 | 17,963 | 5,045 | 5,053 | |
Transfers from loans held for sale to loans | ||||||
12,259 | 14,732 | 11,706 | 0 | - | - | |
Stock consideration paid in business combination | ||||||
0 | 0 | 52,284 | 0 | - | - | |
Conversion of cash-settled to stock settled compensation | ||||||
- | - | - | 5,388 | - | - | |
Trade date payable - securities | ||||||
0 | 2,120 | 348 | 0 | - | - | |
Decrease to retained earnings for adoption of new accounting standards | ||||||
1,309 | 109 | 0 | 0 | - | - | |
Right-of-use assets obtained in exchange for operating lease liabilities | ||||||
37,916 | 0 | 0 | - | - | - | |
Fair value election of mortgage servicing rights | ||||||
0 | 0 | 1,011 | 0 | - | - | |
GNMA | ||||||
Transfers from loans held for sale to loans | ||||||
0 | 0 | 43,035 | 0 | - | - | |
Derecognition of rebooked GNMA delinquent loans | ||||||
0 | 43,035 | 0 | 0 | - | - | |