| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
Net Income (Loss) Attributable to Parent | |||||||||
17,512 | 40,027 | 68,946 | 58,151 | 41,319 | 22,259 | 23,809 | 82,126 | 16,119 | -34,247 |
Adjustments to reconcile net income to net cash used in operating activities: | |||||||||
Depreciation, amortization and accretion | |||||||||
39,499 | 24,893 | 22,645 | 15,667 | 14,877 | 17,503 | 14,947 | 9,953 | 5,856 | - |
Amortization of deferred fees and discounts on loans held for investment, net of additions | |||||||||
- | - | - | - | - | - | - | - | - | 2,852 |
Amortization of premiums on investment securities | |||||||||
- | - | - | - | - | - | - | - | - | -5,092 |
Amortization of intangibles | |||||||||
- | - | - | - | - | - | - | - | - | 201 |
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax | |||||||||
- | - | - | - | - | - | - | - | - | 138 |
Amortization of mortgage servicing rights | |||||||||
- | - | - | - | - | - | - | - | - | 1,370 |
Provision for credit losses | |||||||||
-500 | 3,000 | 750 | 4,100 | 6,100 | -1,000 | 900 | 11,500 | 3,300 | 37,300 |
Net fair value adjustment and gain on sale of loans held for sale | |||||||||
78,994 | 93,766 | 218,331 | 268,104 | -9,632 | 15,350 | -23,776 | 24,665 | 5,100 | 272 |
Gain on sale of mortgage servicing rights, gross | |||||||||
6,206 | 0 | 0 | -253 | -61 | 0 | 0 | - | - | - |
Gain on sale of other real estate owned | |||||||||
- | - | - | - | - | - | - | - | - | 573 |
Loss on early retirement of long-term debt | |||||||||
- | - | - | - | - | -573 | 0 | - | 2,000 | -5,458 |
Loss on sale of HLC mortgage origination assets, net | |||||||||
-1,036 | 0 | 0 | - | - | - | - | - | - | - |
Gains Losses on Loans Held for Investment | |||||||||
282 | 107 | 1,030 | 354 | -2,000 | 0 | 0 | - | - | - |
Origination of mortgage servicing rights | |||||||||
34,606 | 61,871 | 78,412 | 90,520 | 76,417 | 46,492 | 63,604 | -51,838 | 31,449 | -24,826 |
Fair value adjustment of foreclosed loans transferred to other real estate owned | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Change in fair value of mortgage servicing rights | |||||||||
35,902 | -6,711 | 36,615 | 13,280 | 27,483 | 40,691 | -5,134 | 31,680 | 40,000 | 21,107 |
Debt Securities, Available-for-sale, Realized Gain (Loss) | |||||||||
-7 | 235 | 489 | 2,539 | 2,406 | 2,358 | 1,772 | 1,490 | 1,102 | 6,016 |
Net gain on sale of loans originated as held for investment | |||||||||
9,534 | 1,956 | 4,600 | 2,607 | 456 | 4,586 | 0 | 0 | - | - |
Net fair value adjustment, gain on sale and provision for losses on other real estate owned | |||||||||
144 | 171 | 383 | -1,767 | -176 | 872 | 337 | - | - | - |
Loss on disposal of fixed assets | |||||||||
-124 | -244 | -215 | - | - | - | - | - | - | - |
Loss on lease abandonment and exit costs | |||||||||
-16,619 | -5,096 | -5,054 | 0 | 0 | - | - | - | - | - |
Net fair value adjustment and gain (loss) on Other Real Estate Owned | |||||||||
- | - | - | - | - | - | - | 3,400 | -190 | - |
Gains (Losses) on Extinguishment of Debt | |||||||||
- | - | - | - | - | - | - | -939 | - | - |
Change in deferred income taxes | |||||||||
29,903 | -12,777 | 2,094 | -31,490 | -16,389 | 13,664 | -21,076 | 5,110 | 16 | -7,168 |
Share-based compensation expense | |||||||||
-163 | 3,361 | 2,856 | 2,062 | 1,060 | 1,516 | 1,498 | 2,773 | 15 | 16 |
Bargain purchase gain | |||||||||
- | - | - | - | 7,726 | 0 | 0 | - | - | - |
Provision for losses on other real estate owned | |||||||||
- | - | - | - | - | - | - | 12,171 | 27,079 | 27,459 |
Depreciation and amortization on premises and equipment | |||||||||
- | - | - | - | - | - | - | - | - | 2,410 |
Origination of loans held for sale | |||||||||
3,757,549 | 6,075,290 | 7,763,844 | 9,169,488 | 7,265,622 | 3,795,111 | 4,428,569 | 5,173,725 | 1,942,587 | 2,096,886 |
Proceeds from sale of loans originated as held for sale | |||||||||
4,097,511 | 6,448,808 | 8,084,916 | 9,379,720 | 7,243,990 | 3,420,142 | 4,745,651 | 4,728,000 | 2,009,880 | 1,958,043 |
Changes in operating assets and liabilities: | |||||||||
(Increase) decrease in accounts receivable and other assets | |||||||||
-14,198 | 8,030 | -26,470 | 60,927 | 12,151 | -25,420 | 11,212 | 28,181 | 14,955 | -28,042 |
(Decrease) increase in accounts payable and other liabilities | |||||||||
32,547 | 4,058 | 19,957 | -43,255 | -10,002 | -2,693 | 16,999 | -17,397 | 15,130 | -23,122 |
Decrease in lease liability | |||||||||
-13,150 | - | - | - | - | - | - | - | - | - |
Net cash used in operating activities | |||||||||
258,830 | 286,011 | 159,327 | -44,794 | 8,311 | -348,636 | 304,030 | -391,870 | 89,720 | -43,042 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
Purchase of investment securities | |||||||||
330,532 | 189,660 | 368,071 | 743,861 | 247,713 | 60,548 | 317,695 | 285,165 | 308,428 | 645,703 |
Proceeds from Sale of Debt Securities, Available-for-sale | |||||||||
184,871 | 46,081 | 397,492 | 164,429 | 112,259 | 96,154 | 127,648 | -166,187 | 239,878 | 693,497 |
Principal repayments and maturities of investment securities | |||||||||
145,771 | 106,798 | 105,801 | 112,245 | 36,798 | 24,013 | 70,962 | 35,813 | 62,507 | 291,939 |
Proceeds from sale of other real estate owned | |||||||||
1,138 | 836 | 6,105 | 5,672 | 6,110 | 9,138 | 19,656 | 49,566 | 144,646 | 99,511 |
Proceeds from sale of loans originated as held for investment | |||||||||
769,354 | 548,770 | 324,745 | 153,518 | 34,111 | 271,409 | 86,327 | 9,966 | 0 | - |
Loans purchased from other third parties | |||||||||
0 | 1,953 | 0 | 0 | - | - | - | - | - | - |
Proceeds from sale of mortgage servicing rights | |||||||||
3,269 | 65,373 | 0 | 0 | 4,325 | 39,004 | 0 | 0 | - | - |
Mortgage servicing rights purchased from third parties | |||||||||
14 | 4 | 565 | 0 | 9 | 19 | 22 | 68 | 87 | 11 |
Capital expenditures related to other real estate owned | |||||||||
0 | - | 57 | 720 | 0 | 0 | 22 | 4,676 | 958 | 2,050 |
Proceeds from Divestiture of Businesses and Interests in Affiliates | |||||||||
182,189 | 0 | 0 | - | - | - | - | - | - | - |
Origination of loans held for investment and principal repayments, net | |||||||||
822,474 | 1,132,521 | 998,638 | 609,981 | 476,062 | 443,492 | 447,873 | 63,079 | -196,080 | -181,675 |
Proceeds from sale of property and equipment | |||||||||
0 | 808 | 0 | 1,148 | 0 | 0 | - | - | - | - |
Purchase of property and equipment | |||||||||
2,257 | 9,724 | 42,286 | 24,482 | 20,560 | 19,898 | 22,836 | 11,402 | 1,758 | 260 |
Net cash used for acquisitions | |||||||||
47,389 | 0 | -19,285 | 122,760 | 132,407 | 0 | 23,971 | 0 | 0 | - |
Net cash provided by investing activities | |||||||||
83,926 | -565,196 | -556,189 | -819,272 | -418,334 | -84,239 | -459,884 | -102,858 | 331,880 | 618,598 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
(Decrease) increase in deposits, net | |||||||||
213,572 | 290,152 | 309,798 | 919,497 | 111,906 | 231,871 | -27,129 | -32,920 | -119,987 | -202,591 |
Proceeds from Federal Home Loan Bank advances | |||||||||
7,598,300 | 11,729,500 | 10,972,200 | 14,734,636 | 10,618,900 | 6,704,054 | 5,847,392 | 9,924,854 | 35,068 | 0 |
Repayment of Federal Home Loan Bank advances | |||||||||
8,184,300 | 11,776,000 | 10,861,200 | 14,898,636 | 10,263,900 | 6,553,054 | 5,659,892 | 9,724,622 | 143,018 | 517,429 |
Proceeds from federal funds purchased and securities sold under agreements to repurchase | |||||||||
11,051,703 | 3,511,070 | 875,166 | 64,804 | 82,204 | 108,308 | 159,790 | 424,672 | 0 | 40,000 |
Repayment of federal funds purchased and securities sold under agreements to repurchase | |||||||||
10,945,703 | 3,492,070 | 875,166 | 64,804 | 132,204 | 58,308 | 159,790 | 424,672 | 0 | 40,000 |
Proceeds from line of credit draws | |||||||||
20,000 | 30,000 | 0 | 0 | - | - | - | - | - | - |
Repayment of line of credit draws | |||||||||
20,000 | 30,000 | 0 | 0 | - | - | - | - | - | - |
Finance Lease, Principal Payments | |||||||||
1,694 | - | - | - | - | - | - | - | - | - |
Proceeds from Federal Home Loan Bank stock repurchase | |||||||||
161,254 | 179,789 | 187,766 | 284,662 | -153,657 | -1,373 | -1,319 | -660 | 0 | 0 |
Purchase of Federal Home Loan Bank stock | |||||||||
138,156 | 178,647 | 194,058 | 279,436 | 158,565 | 0 | 0 | - | - | - |
Repayment of long-term debt | |||||||||
- | - | - | - | - | 3,527 | 0 | 0 | 3,000 | 0 |
Dividends paid | |||||||||
- | - | - | - | - | 1,628 | 0 | 0 | - | - |
Proceeds from debt issuance, net | |||||||||
0 | 0 | -65 | 63,184 | 0 | 0 | - | - | - | - |
Payments from equity raise, net | |||||||||
0 | 0 | 45 | - | - | - | - | - | - | - |
Repurchase of common stock | |||||||||
98,543 | 0 | - | - | - | - | - | - | - | - |
(Payments) proceeds from equity raise, net | |||||||||
- | - | - | 58,713 | 0 | - | - | - | - | - |
Proceeds from Issuance or Sale of Equity | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Proceeds from stock issuance, net | |||||||||
105 | 68 | 11 | 2,713 | 178 | 130 | 188 | 88,204 | 0 | 0 |
Excess tax benefit related to the exercise of stock options | |||||||||
- | - | - | - | 29 | 250 | 2,599 | 535 | 0 | 0 |
Net cash used in financing activities | |||||||||
-343,462 | 263,862 | 414,407 | 885,333 | 412,205 | 429,469 | 164,477 | 256,711 | -230,937 | -720,020 |
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | |||||||||
-706 | -15,323 | 17,545 | 21,267 | 2,182 | -3,406 | 8,623 | -238,017 | 190,663 | -144,464 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||||||||
Cash paid during the period for: | |||||||||
Interest paid | |||||||||
93,325 | 67,552 | 42,889 | 28,672 | 16,647 | 14,271 | 28,373 | 21,304 | 31,638 | 55,120 |
Federal and state income taxes paid, net | |||||||||
33,625 | -5,785 | -21,885 | 14,441 | 11,328 | 6,626 | 6,799 | 26,376 | 1,115 | 27 |
Non-cash activities: | |||||||||
Loans held for investment foreclosed and transferred to other real estate owned | |||||||||
915 | 455 | 1,125 | 2,056 | 4,396 | 5,556 | 12,807 | 51,128 | 38,694 | 182,730 |
Loans originated to finance the sales of other real estate owned | |||||||||
- | - | - | - | - | - | - | - | 750 | 8,846 |
Loans transferred from held for investment to held for sale | |||||||||
916,483 | 634,205 | 419,494 | 169,745 | 76,178 | 310,455 | 93,567 | 9,966 | 0 | 16,381 |
Loans transferred from held for sale to held for investment | |||||||||
8,705 | 71,584 | 100,049 | 12,311 | 25,668 | 92,668 | 0 | 0 | - | - |
Ginnie Mae loans (derecognized) recognized with the right to repurchase, net | |||||||||
-28,281 | -1,674 | 3,534 | 6,775 | 7,857 | 6,840 | 6,360 | 5,674 | -280 | -5,476 |
Receivable from sale of mortgage servicing rights | |||||||||
2,117 | 3,337 | 0 | 0 | - | 4,244 | 0 | 0 | - | - |
Acquisition: | |||||||||
Acquisition: | |||||||||
Bargain purchase gain | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Right-of-use assets obtained in exchange for lease obligations: | |||||||||
Operating leases | |||||||||
-7,805 | - | - | - | - | - | - | - | - | - |
Finance leases | |||||||||
-1,033 | - | - | - | - | - | - | - | - | - |
OCBB [Member] | |||||||||
Common stock issued | |||||||||
- | - | - | 50,373 | - | - | 0 | - | - | - |