| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | ||
|---|---|---|---|---|---|---|
Cash Flows From Operating Activities: | ||||||
Net income | ||||||
125,194 | 99,916 | 53,391 | 22,372 | 17,171 | ||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||
Provision for loan losses | ||||||
9,415 | 7,655 | 6,823 | 10,243 | 2,914 | ||
Amortization of intangible assets | ||||||
1,023 | 1,189 | 1,631 | 1,710 | 1,526 | ||
Depreciation and amortization of premises and equipment | ||||||
3,618 | 3,583 | 3,792 | 3,894 | 3,093 | ||
Accretion of discount on loans | ||||||
-1,265 | -930 | -2,657 | -4,701 | -2,345 | ||
Net amortization (accretion) of premium (discount) on investment securities | ||||||
-2,166 | -1,586 | -1,883 | -2,384 | -2,160 | ||
Net amortization (accretion) of premium (discount) on time deposits | ||||||
0 | -50 | -336 | -1,691 | -250 | ||
Net amortization (accretion) on FHLB advances and other borrowings | ||||||
-846 | -2,635 | -2,609 | -1,569 | 1,356 | ||
Impairment of other real estate owned | ||||||
670 | 1,751 | 728 | 2,690 | 3,580 | ||
Impairment of fixed assets HFS | ||||||
0 | 48 | 0 | 0 | - | ||
FDIC Loss share indemnification loss | ||||||
0 | 0 | -65,529 | -21,425 | -18,533 | ||
(Gain) loss on investment securities | ||||||
1,933 | 1,819 | 1,906 | 12,105 | 8,682 | ||
(Gain) loss on sale of loans | ||||||
4,860 | 1,635 | 1,717 | 538 | 621 | ||
(Gain) loss on sale of other real estate owned | ||||||
-176 | 3,126 | 8,107 | 144 | 1,267 | ||
(Gain) loss on sale of premises and equipment | ||||||
34 | -48 | -174 | 8 | -21 | ||
Deferred tax expense | ||||||
26,329 | 10,364 | -21,395 | -7,293 | 1,026 | ||
Stock-based compensation | ||||||
8,038 | 5,613 | 5,290 | 21,747 | 2,635 | ||
Increase in cash surrender value of BOLI | ||||||
5,647 | 5,192 | 4,610 | 4,175 | 257 | ||
(Gain) on life insurance proceeds | ||||||
- | - | - | 1,594 | - | ||
Net change in operating assets and liabilities: | ||||||
Net change in loans held for sale | ||||||
-9,535 | 16,071 | 379 | 707 | - | ||
Collection from FDIC on loss share indemnification asset | ||||||
- | - | - | 6,652 | 19,974 | ||
Settlement of FDIC loss share agreement | ||||||
0 | 0 | 14,815 | 0 | - | ||
Net change in other assets | ||||||
14,112 | -8,499 | -49 | 21,314 | -4,510 | ||
Net change in other liabilities | ||||||
6,679 | -10,717 | -12,539 | 9,323 | 605 | ||
Net cash provided by operating activities | ||||||
164,146 | 98,077 | 68,220 | 46,601 | 65,682 | ||
Cash Flows From Investing Activities: | ||||||
Purchase of investment securities available for sale | ||||||
884,732 | 750,482 | 676,708 | 1,361,290 | 1,048,844 | ||
Sales of investment securities available for sale | ||||||
223,726 | 342,137 | 354,733 | 1,291,261 | 912,394 | ||
Paydown and maturities of investment securities held to maturity | ||||||
- | - | - | 372 | 200 | ||
Paydown and maturities of available for sale debt securities | ||||||
451,974 | 89,421 | 139,996 | 147,726 | 429,020 | ||
Purchase of FHLB and other bank stock | ||||||
178,578 | 113,362 | 81,207 | 103,179 | 24,347 | ||
Sales of FHLB and other bank stock | ||||||
173,353 | 121,183 | 88,621 | 72,475 | 18,309 | ||
Net cash paid in acquisition | ||||||
- | - | - | 14,073 | - | ||
Net change in loans | ||||||
1,601,014 | 1,357,875 | 939,514 | 921,906 | 793,505 | ||
Purchase of loans | ||||||
11,867 | 200,480 | 395,649 | 243,544 | 184,261 | ||
Proceeds from sale of loans | ||||||
271,854 | 106,450 | 52,362 | 23,517 | 48,597 | ||
Purchase of bank-owned life insurance | ||||||
0 | 25,000 | 25,000 | 60,000 | 75,000 | ||
Proceeds from sale of other real estate owned | ||||||
5,520 | 34,274 | 64,139 | 35,093 | 48,277 | ||
Purchase of premises and equipment | ||||||
3,163 | 4,925 | 1,958 | 3,135 | 1,077 | ||
Proceeds from the sale of premises and equipment | ||||||
87 | 1,548 | 0 | 3,855 | 93 | ||
Capitalized expenditures on foreclosed real estate | ||||||
0 | 543 | 0 | 0 | - | ||
Proceeds from life insurance | ||||||
3,016 | 0 | 1,193 | 1,197 | - | ||
Net cash used in investing activities | ||||||
-1,549,824 | -1,757,654 | -1,418,992 | -1,131,631 | -670,144 | ||
Cash Flows From Financing Activities: | ||||||
Net change in deposits | ||||||
1,368,256 | 1,875,083 | 1,452,439 | 322,717 | 603,443 | ||
Net change in FHLB advances | ||||||
77,750 | -214,250 | -177,186 | 544,046 | 158,015 | ||
Net change in repurchase agreements | ||||||
-78,894 | -15,195 | 94,997 | -3,031 | 4,853 | ||
Repurchase of stock | ||||||
0 | 23,738 | 34,884 | 0 | 18,751 | ||
Proceeds from capital raise | ||||||
- | - | - | 104,475 | - | ||
Deferred placement fee | ||||||
- | - | - | 10,000 | - | ||
Cash paid for withholding taxes on share based payments | ||||||
- | - | - | 5,688 | - | ||
Exercise of stock options and warrants | ||||||
50,670 | 17,042 | 8,793 | 0 | - | ||
Excess tax benefit from share based payments | ||||||
0 | 2,110 | 2,048 | 0 | - | ||
Other financing costs | ||||||
-59 | -59 | -60 | 379 | -101 | ||
Net cash provided by financing activities | ||||||
1,417,723 | 1,640,993 | 1,346,147 | 952,898 | 747,459 | ||
Net Change in Cash and Cash Equivalents | ||||||
32,045 | -18,584 | -4,625 | -132,132 | 142,997 | ||
Supplemental Disclosures of Cash Flow Information: | ||||||
Interest paid | ||||||
77,859 | 50,631 | 30,788 | 27,742 | 23,098 | ||
Income taxes paid | ||||||
19,719 | 60,192 | 36,304 | 9,932 | 5,661 | ||
Supplemental disclosure of noncash investing and financing activities: | ||||||
Transfer/adjustments of loans to other real estate owned | ||||||
2,044 | 12,244 | 21,573 | 22,399 | 27,535 | ||
Fair value of assets acquired | ||||||
- | - | - | 957,324 | - | ||
Goodwill recorded | ||||||
- | - | - | 47,335 | - | ||
Liabilities assumed | ||||||
- | - | - | 962,194 | - | ||