| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||||
Net income | ||||||||||
73,612 | 67,109 | 51,564 | 45,342 | 46,502 | 43,529 | 33,729 | 48,706 | 30,269 | 23,865 | 65,047 |
Proceeds from sales of loans held for sale | ||||||||||
131,014 | 92,422 | 138,659 | 156,835 | 158,730 | 156,632 | 215,744 | 269,817 | 191,476 | 179,584 | 194,599 |
Originations of loans held for sale | ||||||||||
-135,937 | -83,806 | -126,215 | -156,036 | -155,680 | -160,074 | -198,910 | -264,179 | -195,081 | -189,269 | -196,726 |
Items not requiring (providing) cash: | ||||||||||
Depreciation | ||||||||||
9,557 | 9,118 | 9,120 | 9,816 | 10,465 | 8,747 | 8,036 | 7,159 | 5,099 | 3,571 | 2,723 |
Amortization | ||||||||||
2,068 | 2,291 | 2,731 | 3,656 | 3,430 | 3,242 | 8,107 | 7,039 | 4,361 | 2,087 | 756 |
Amortization of other assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | -6,626 |
Compensation expense for stock option grants | ||||||||||
922 | 737 | 564 | 483 | 382 | 565 | 443 | 435 | 486 | 461 | 337 |
Provision for loan losses | ||||||||||
6,150 | 7,150 | 9,100 | 9,281 | 5,519 | 4,151 | 17,386 | 43,863 | 35,336 | 35,630 | 35,800 |
Net gains on loan sales | ||||||||||
2,607 | 1,788 | 3,150 | 3,941 | 3,888 | 4,133 | 4,915 | 5,505 | 3,524 | 3,765 | -2,889 |
Gain on sale of non-marketable securities | ||||||||||
- | - | - | - | -301 | - | - | - | - | - | - |
Gain on Redemption of Trust Preferred Securities | ||||||||||
- | - | - | - | -1,115 | - | - | - | - | - | - |
Net realized gains on sales of available-for-sale securities | ||||||||||
-62 | 2 | 0 | 2,873 | -2 | -2,139 | -243 | -1,986 | 132 | -8,787 | 1,521 |
Net (gains) losses on sale of premises and equipment | ||||||||||
77 | 193 | 297 | -249 | -465 | 18 | -60 | 264 | 202 | -44 | -47 |
Losses on sale/write-down of other real estate owned and repossessions | ||||||||||
316 | 1,886 | -449 | 489 | -1,132 | 2,996 | 1,259 | 4,968 | 13,712 | 588 | 2,855 |
Gain on Sales of Business Units | ||||||||||
0 | -7,414 | 0 | -368 | - | - | - | - | - | - | - |
Gain on purchase of additional business units | ||||||||||
- | - | - | - | - | -10,805 | - | -31,312 | -16,486 | - | 89,795 |
Gain realized on sale of business units | ||||||||||
- | - | - | - | 0 | - | - | -6,114 | - | - | - |
Gain realized on termination of loss sharing agreements | ||||||||||
0 | 0 | -7,705 | 584 | 0 | - | - | - | - | - | - |
Accretion of deferred income, premiums, discounts and other | ||||||||||
-3,899 | -2,918 | -1,947 | 4,423 | 10,595 | 22,692 | 29,510 | 18,004 | 48,627 | 15,063 | - |
Loss on derivative interest rate products | ||||||||||
-104 | 25 | 28 | 66 | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||
1,074 | -4,450 | 9,423 | -3,621 | -4,670 | -6,260 | -8,839 | 13,252 | -9,304 | -5,451 | 24,875 |
Changes in | ||||||||||
Interest receivable | ||||||||||
-82 | -1,110 | -463 | -535 | 289 | 1,227 | 1,347 | 2,765 | 373 | 2,954 | 1,916 |
Prepaid expenses and other assets | ||||||||||
-1,336 | 3,002 | -5,227 | 12,655 | 3,982 | 8,430 | -7,529 | 31,413 | -6,712 | 21,817 | 923 |
Accrued expenses and other liabilities | ||||||||||
2,725 | 280 | 1,821 | -2,720 | 3,354 | 502 | 4,260 | -3,124 | -18 | -1,595 | -4,584 |
Income taxes refundable/payable | ||||||||||
2,599 | 11,520 | -15,278 | 7,484 | -4,609 | -2,232 | -5,109 | 11,413 | 2,474 | -9,128 | 9,267 |
Net cash provided by operating activities | ||||||||||
86,419 | 94,195 | 62,817 | 80,639 | 71,429 | 67,433 | 93,921 | 146,916 | 101,432 | 67,581 | 38,768 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||||
Net change in loans | ||||||||||
-81,320 | -147,945 | 136,596 | -145,101 | -190,154 | -340,135 | -33,180 | -1,425 | -173,026 | 110,557 | 103,995 |
Purchase of loans | ||||||||||
-97,162 | -128,038 | -133,018 | -145,600 | -117,634 | -101,832 | -129,422 | -23,457 | -2,100 | -12,164 | -23,252 |
Proceeds from sale of student loans | ||||||||||
- | - | - | 368 | 0 | - | - | - | 799 | 22,291 | 9,407 |
Cash received from purchase of additional business units | ||||||||||
- | - | - | 44,363 | 0 | 189,437 | - | 75,328 | 66,837 | - | 265,769 |
Cash received from FDIC loss sharing reimbursements | ||||||||||
0 | 0 | 16,246 | 247 | 2,599 | 8,377 | 28,511 | 49,369 | 6,709 | 17,486 | - |
Cash paid for sale of business units | ||||||||||
0 | -50,356 | 0 | -17,821 | 0 | - | - | - | - | - | - |
Proceeds from sale of business units | ||||||||||
- | - | - | - | - | - | - | 7,800 | - | - | - |
Purchase of additional business units | ||||||||||
- | - | - | - | - | - | - | - | -1 | -26 | - |
Purchase of premises and equipment | ||||||||||
-11,789 | -9,317 | -7,404 | -10,878 | -16,697 | -17,954 | -13,853 | -27,825 | -19,425 | -29,850 | -15,121 |
Proceeds from sale of premises and equipment | ||||||||||
204 | 2,328 | 565 | 1,178 | 1,883 | 203 | 1,518 | 1,728 | 1,007 | 354 | 266 |
Proceeds from sale of other real estate owned and repossessions | ||||||||||
15,244 | 20,426 | 33,640 | 28,362 | 23,497 | 21,706 | 48,900 | 51,225 | 21,774 | 31,791 | 18,155 |
Capitalized costs on other real estate owned | ||||||||||
-121 | -153 | -117 | -146 | -20 | -199 | -457 | -510 | -267 | -1,669 | -502 |
Proceeds from sale of non-marketable securities | ||||||||||
- | - | - | - | 351 | - | - | - | - | - | - |
Proceeds from maturities, calls and repayments of held-to-maturity securities | ||||||||||
0 | 130 | 117 | 106 | 97 | 355 | 115 | 945 | 100 | 45,165 | 70 |
Proceeds from sales of available-for-sale securities | ||||||||||
53,695 | 502 | 0 | 55,000 | 56,169 | 220,169 | 108,487 | 78,094 | 21,001 | 296,829 | 110,739 |
Proceeds from maturities and calls of available-for-sale securities | ||||||||||
34,769 | 25,734 | 36,754 | 60,827 | 63,463 | 103,475 | 210,798 | 182,900 | 151,731 | 199,113 | 229,069 |
Purchase of available-for-sale securities | ||||||||||
-207,634 | -93,378 | -3,852 | -71,904 | -21,339 | -40,661 | -97,000 | -155,339 | -224,614 | -508,464 | -283,453 |
Purchase of held-to-maturity securities | ||||||||||
- | - | - | - | - | - | - | - | -840 | -30,000 | -40,000 |
Redemption of Federal Home Loan Bank stock and change in other interest-earning assets | ||||||||||
-1,035 | -1,256 | 1,852 | 2,269 | 1,590 | -7,071 | 273 | 2,578 | 2,462 | -349 | 6,924 |
Net cash used in investing activities | ||||||||||
-295,149 | -381,323 | 81,379 | -198,730 | -196,195 | 35,870 | 124,690 | 241,411 | -147,853 | 141,064 | 382,066 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||||
Net increase in certificates of deposit | ||||||||||
129,748 | 242,955 | -114,714 | 162,763 | 191,224 | -116,139 | -208,702 | -421,977 | -144,072 | -332,387 | -277,165 |
Net increase in checking and savings deposits | ||||||||||
105,400 | -53,956 | 34,796 | 36,126 | 87,113 | -160,144 | -134,562 | 156,867 | 231,875 | 216,535 | 224,577 |
Proceeds from Federal Home Loan Bank advances | ||||||||||
0 | 2,621,500 | 1,420,500 | 1,793,000 | 6,509,500 | 4,231,000 | 1,980 | 800 | - | - | - |
Repayments of Federal Home Loan Bank advances | ||||||||||
0 | -2,749,000 | -1,324,435 | -2,025,070 | -6,517,564 | -4,083,315 | -1,081 | -52,993 | -32,293 | -17,028 | -103,148 |
Increase (Decrease) in Short-Term Borrowings, Net | ||||||||||
14,346 | 200,843 | -188,888 | 168,546 | -93,967 | 74,768 | -44,307 | -36,981 | -40,561 | -78,224 | 23,679 |
Proceeds from issuance of subordinated notes | ||||||||||
- | - | - | 73,472 | 0 | - | - | - | - | - | - |
Repayments of reverse repurchase borrowings | ||||||||||
- | - | - | - | - | - | -3,000 | - | - | - | - |
Advances from borrowers for taxes and insurance | ||||||||||
2,392 | -227 | 676 | -38 | -248 | 580 | 1,567 | 571 | 169 | -249 | - |
Redemption of trust preferred securities | ||||||||||
- | - | - | - | -3,885 | - | - | - | - | - | - |
Dividends paid | ||||||||||
-29,052 | -15,819 | -12,894 | -12,232 | -12,290 | -11,257 | -7,964 | -12,991 | -12,237 | -12,567 | -12,376 |
Proceeds from issuance of SBLF preferred stock | ||||||||||
- | - | - | - | - | - | - | - | 57,943 | - | - |
Purchase of the Company's common stock | ||||||||||
-849 | -903 | 0 | 0 | - | -512 | - | - | -6,436 | - | - |
Stock options exercised | ||||||||||
4,158 | 2,224 | 3,247 | 2,110 | 3,362 | 2,438 | 1,242 | 2,269 | 311 | 670 | 358 |
Net cash provided by financing activities | ||||||||||
226,143 | 247,617 | -181,712 | 198,677 | 105,302 | -112,581 | -394,827 | -364,435 | -3,301 | -223,250 | -144,178 |
INCREASES IN CASH AND CASH EQUIVALENTS | ||||||||||
17,413 | -39,511 | -37,516 | 80,586 | -19,464 | -9,278 | -176,216 | 23,892 | -49,722 | -14,605 | 276,656 |