| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | |
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net income | ||||||
34,136 | -972 | 15,439 | 14,742 | 12,610 | 8,535 | |
Adjustments to reconcile net income to net cash provided (used) by operating activities: | ||||||
Amortization and accretion of premiums and discounts on securities, net | ||||||
-1,764 | -821 | -1,122 | -1,130 | 2,165 | -3,249 | |
Accretion of loan discounts, net | ||||||
4,755 | 8,358 | 4,806 | 869 | 456 | 344 | |
Amortization of deposit premiums | ||||||
995 | 2,362 | 1,747 | 411 | 535 | 1,120 | |
Amortization of core deposit intangibles | ||||||
1,472 | 1,587 | 847 | 303 | 246 | 231 | |
Amortization and accretion of borrowing and debt valuation allowance, net | ||||||
-420 | -289 | -40 | 4 | - | - | |
Amortization of issuance costs of subordinated notes | ||||||
145 | 9 | 0 | - | - | - | |
Provision for loan losses | ||||||
14,360 | 64,700 | 17,864 | 2,693 | 2,373 | 8,060 | |
Depreciation | ||||||
2,044 | 2,388 | 1,849 | 1,485 | 1,352 | 1,247 | |
Net gain on sale of available-for-sale securities | ||||||
-38 | 0 | 772 | - | -7 | 950 | |
Net loss on sale of real estate acquired by foreclosure | ||||||
-147 | -563 | -81 | 139 | 569 | 132 | |
Net gain on loans held-for-sale | ||||||
-2,308 | -1,404 | 405 | 28 | - | - | |
Net gain on sale of guaranteed portion of loans | ||||||
5,755 | 3,343 | 3,484 | 2,867 | 1,229 | - | |
Originations of government guaranteed loans held-for-sale | ||||||
0 | 1,094 | 17,656 | 1,608 | - | - | |
Proceeds from sales of and principal collected on loans held-for-sale | ||||||
16,845 | 21,488 | 19,875 | 2,681 | - | - | |
Stock-based compensation expense | ||||||
4,880 | 1,587 | 707 | 964 | 335 | 324 | |
Writedown of real estate acquired by foreclosure | ||||||
304 | 1,048 | 530 | 141 | - | 22 | |
Bargain purchase gain | ||||||
- | - | - | - | - | 578 | |
Deferred tax benefit | ||||||
5,243 | 8,361 | -3,409 | 395 | -540 | -687 | |
Net change in accrued interest receivable and other assets, net | ||||||
-12,775 | 16,520 | -2,208 | -1,061 | 1,433 | -8 | |
Net change in accrued interest payable and other liabilities, net | ||||||
3,658 | 1,838 | -1,379 | 138 | 475 | 1,462 | |
Net cash provided by operating activities | ||||||
89,034 | 73,434 | 26,904 | 19,807 | 14,801 | 19,327 | |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Proceeds from the maturities or calls and paydowns of available-for-sale securities | ||||||
72,082 | 110,423 | 51,690 | 34,021 | 49,050 | 55,414 | |
Proceeds from the sale of available-for-sale securities | ||||||
349,374 | 0 | 109,444 | 19,179 | 6,736 | 39,236 | |
Purchases of available-for-sale securities | ||||||
847,078 | 100,335 | 53,046 | 22,081 | 76,612 | 75,942 | |
Proceeds from the maturities or calls and paydowns of held-to-maturity securities | ||||||
6,276 | 8,507 | 10,192 | 9,855 | 11,161 | 9,835 | |
Purchases of held-to-maturity securities | ||||||
0 | 1,963 | 1,788 | 3,452 | 8,988 | 20,710 | |
Proceeds from sales of guaranteed portion of loans | ||||||
56,102 | 39,109 | 38,201 | 32,205 | 13,186 | - | |
Proceeds from sales of real estate acquired by foreclosure | ||||||
3,967 | 8,794 | 2,587 | 1,825 | 3,655 | 1,524 | |
Purchases of Federal Home Loan Bank of Dallas stock, net of redemptions | ||||||
7,886 | -6,084 | -359 | -103 | 1,379 | 50 | |
Purchases of Federal Reserve Bank stock | ||||||
748 | 3,747 | 34 | 1,673 | 11 | 815 | |
Purchase of Bank-Owned Life Insurance | ||||||
20,000 | 0 | 0 | - | - | - | |
Net increase in loans held for investment | ||||||
154,951 | 115,148 | 279,756 | 220,465 | 170,205 | 293,561 | |
Investment in construction of premises and purchases of other fixed assets | ||||||
-4,898 | 326 | 1,349 | 984 | 2,699 | 3,326 | |
Net cash and cash equivalents received (paid) in connection with acquisitions | ||||||
0 | 0 | -4,275 | 30,789 | - | 11,463 | |
Net cash used in investing activities | ||||||
-537,964 | -48,602 | -119,225 | -182,256 | -176,106 | -276,932 | |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Net increase (decrease) in deposit accounts | ||||||
23,438 | 276,314 | 170,236 | 128,749 | -13,544 | 260,885 | |
Net (decrease) increase in securities sold under agreements to repurchase | ||||||
1,680 | 420 | -1,532 | 2,022 | -897 | -205 | |
Net proceeds from other short-term borrowed funds | ||||||
175,000 | -64,250 | -113,250 | -5,000 | 75,307 | - | |
Proceeds from other long-term borrowed funds | ||||||
0 | 50,000 | 100,000 | - | - | 22,157 | |
Repayment of other long-term borrowed funds | ||||||
0 | 58,884 | 8,684 | 1,864 | - | - | |
Net repayment of other short-term borrowed funds | ||||||
- | - | - | - | 43,486 | 22,664 | |
Proceeds from issuance of common stock due to exercise of stock options | ||||||
486 | 3,046 | 1,534 | 117 | 190 | - | |
Proceeds from issuance of subordinated notes, net | ||||||
0 | 33,876 | 0 | - | - | - | |
Proceeds from issuance of common stock, gross | ||||||
- | - | - | 72,591 | - | 24,734 | |
Purchase of treasury stock | ||||||
0 | 1,253 | 0 | - | - | - | |
Net cash provided by financing activities | ||||||
200,604 | 239,269 | 148,304 | 196,615 | 17,570 | 284,907 | |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||
-248,326 | 264,101 | 55,983 | 34,166 | -143,735 | 27,302 | |
NONCASH ACTIVITIES: | ||||||
Noncash investing and financing activities - acquisition of real estate through foreclosure of collateral | ||||||
5,270 | 3,503 | 0 | - | 3,815 | 3,643 | |
Transfer of loans to held-for-sale | ||||||
15,185 | 45,403 | 0 | - | - | - | |
Stock issued in connection with the Patriot Bancshares acquisition | ||||||
0 | 0 | 123,743 | - | - | - | |
SUPPLEMENTAL INFORMATION: | ||||||
Interest paid | ||||||
31,179 | 23,473 | 11,549 | 9,592 | 11,374 | 9,908 | |
Income taxes paid | ||||||
16,200 | 11,700 | 12,200 | 9,200 | 7,116 | 4,650 | |
Stock issued in connection with the Patriot Bancshares acquisition | ||||||
- | - | - | - | 190 | - | |