| 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 | |||||||||
43,823 | 39,796 | 38,766 | 39,135 | 30,036 | 27,638 | 25,327 | 11,398 | 10,133 | -3,855 |
Adjustments to reconcile net income to net cash used in operating activities: | |||||||||
Provision for loan losses | |||||||||
5,521 | 4,275 | 8,231 | 4,351 | 531 | 5,440 | 13,420 | 20,325 | 17,125 | 28,800 |
Depreciation and amortization of premises and equipment | |||||||||
4,405 | 4,412 | 4,952 | 5,041 | 4,346 | 3,461 | 2,596 | 2,092 | 1,810 | 1,912 |
Amortization of FDIC indemnification asset, net | |||||||||
4 | 1,159 | 1,321 | 891 | 820 | -450 | - | - | - | - |
Accretion of purchase discounts or premiums, net | |||||||||
1,959 | 2,814 | 676 | 230 | 1,871 | 2,524 | - | - | - | - |
Other amortization | |||||||||
739 | 1,321 | 1,411 | 481 | 157 | 244 | 7,463 | 3,525 | 1,967 | 1,051 |
Impairment of other real estate | |||||||||
524 | 1,058 | 1,090 | 460 | 2,158 | 4,063 | 4,690 | 4,788 | 4,154 | 3,869 |
Amortization of Mortgage Servicing Rights (MSRs) | |||||||||
-13,782 | -19,806 | -19,527 | -15,885 | -13,038 | -8,264 | -2,408 | - | - | - |
Share-based compensation expense | |||||||||
8,111 | 4,624 | 3,544 | 1,468 | 1,655 | 1,270 | 687 | 58 | 183 | 231 |
Postretirement benefits, net | |||||||||
2,472 | 2,018 | 15 | 1,820 | -374 | - | - | - | - | - |
Debt and Equity Securities, Gain (Loss) | |||||||||
0 | 0 | 578 | - | - | - | - | - | - | - |
Net (gain) loss on investment securities called or sold | |||||||||
- | - | - | -329 | 0 | 189 | 307 | 1,078 | 2,291 | 5,308 |
Gains on loan sales, including origination/sale of servicing rights | |||||||||
79,615 | 86,941 | 97,525 | 84,635 | 60,503 | 63,824 | 48,164 | 28,806 | 17,789 | 8,448 |
Gain on FDIC assisted acquisition | |||||||||
- | - | - | - | - | - | 4,218 | 1,527 | - | - |
Net loss on sales of other real estate | |||||||||
24 | 659 | 859 | 3,084 | 3,299 | 4,374 | 3,521 | 851 | 727 | 68 |
Loss on disposal of premises and equipment | |||||||||
- | - | - | -140 | 0 | 0 | - | - | - | 56 |
Income on bank owned life insurance | |||||||||
4,189 | 1,732 | 1,853 | 2,400 | 1,566 | 1,162 | 1,203 | -1,215 | -1,217 | -1,190 |
Gain on acquisition of Security Exchange Bank | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Net change in deferred income tax | |||||||||
-3,592 | -2,233 | -8,010 | -6,540 | -15,936 | -3,340 | 4,951 | 1,688 | 3,788 | -2,560 |
Net change in fair value of loans held-for-sale | |||||||||
-2,053 | 1,426 | -86 | 2,490 | 1,811 | -6,031 | 4,145 | - | - | - |
Proceeds from sale of premises and equipment | |||||||||
- | - | - | - | - | - | - | - | - | 61 |
Originations of loans held-for-sale | |||||||||
2,830,679 | 2,960,006 | 3,455,029 | 3,216,100 | 2,664,366 | 2,946,647 | 2,517,824 | - | - | 917,420 |
Proceeds from sales of loans held-for-sale | |||||||||
2,996,785 | 3,122,820 | 3,452,655 | 3,232,045 | 2,515,314 | 3,092,682 | 2,379,487 | - | - | 850,477 |
Net payments paid to FDIC under loss-share agreements | |||||||||
-888 | 487 | -92 | 480 | 5,606 | 8,171 | 27,946 | - | - | - |
Net (increase) decrease in loans originated for resale | |||||||||
- | - | - | - | - | - | - | -104,723 | -46,721 | - |
Net decrease in FDIC indemnification asset | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Accrued interest receivable | |||||||||
- | - | - | - | - | - | - | - | 158 | -260 |
Decrease in other assets | |||||||||
1,129 | -4,611 | 1,969 | 464 | 1,746 | -908 | 3,287 | 1,875 | -245 | 20,049 |
Accrued interest payable | |||||||||
- | - | - | - | - | - | - | - | -1,531 | -2,534 |
(Decrease) increase in other liabilities | |||||||||
3,104 | 159 | -10,535 | 3,292 | 4,000 | -1,765 | -1,268 | 6,495 | 5,855 | 1,236 |
Net cash used in operating activities | |||||||||
166,432 | 155,201 | -29,508 | 2,955 | -141,939 | 140,577 | -124,864 | 116,364 | -32,750 | -51,273 |
Cash flows from investing activities: | |||||||||
Purchases of investment securities available-for-sale | |||||||||
150,941 | 0 | 12,391 | 30,821 | 5,006 | 73,966 | 14,090 | 170,935 | 251,435 | 215,730 |
Proceeds from sales of investment securities available-for-sale | |||||||||
- | - | - | 22,633 | 0 | 9,047 | 42,949 | 32,781 | 94,676 | 156,383 |
Purchase of FHLB stock | |||||||||
- | - | - | - | - | - | - | - | 90 | 1,485 |
Maturities, calls, and repayment of investment securities available-for-sale | |||||||||
19,511 | 22,536 | 41,668 | 27,799 | 27,344 | 46,518 | 96,813 | 85,983 | 134,265 | 53,665 |
Purchases of investment securities held-to-maturity | |||||||||
0 | 7,000 | 3,929 | 5,018 | 4,334 | 0 | 0 | - | - | - |
Maturities, calls and repayment of investment securities held-to-maturity | |||||||||
1,472 | 1,798 | 1,661 | 1,163 | 1,036 | 2,111 | 2,714 | 5,242 | 5,225 | 5,479 |
Purchases of FHLB stock | |||||||||
17,383 | 11,993 | 14,008 | 10,195 | 19,260 | 5,355 | 2,927 | 1,441 | - | - |
Redemption of FHLB stock | |||||||||
17,212 | 15,937 | 11,050 | 11,487 | 13,174 | 7,691 | 3,179 | 401 | 315 | - |
Net proceeds from sales of loans previously classified as held for investment | |||||||||
- | - | - | - | 52,211 | 47,625 | 0 | - | - | - |
Net decrease (increase) in loans | |||||||||
113,934 | 282,213 | 270,119 | 463,366 | 426,029 | 191,414 | 141,066 | 187,148 | 148,563 | -38,439 |
Proceeds from the sale of mortgage servicing rights | |||||||||
12,186 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from bank owned life insurance | |||||||||
4,562 | 0 | 847 | 844 | 868 | 0 | 0 | - | - | - |
Purchase of bank owned life insurance | |||||||||
0 | 0 | 2,500 | 5,000 | 25,000 | 0 | 0 | - | - | - |
Proceeds from sales of other real estate | |||||||||
804 | 8,921 | 11,561 | 17,682 | 21,649 | 31,161 | 38,104 | 16,150 | - | 17,198 |
Capital improvements to other real estate | |||||||||
- | - | - | - | - | - | - | - | 394 | 411 |
Purchases of premises and equipment | |||||||||
9,641 | 5,305 | 6,529 | 12,160 | 13,406 | 10,347 | 8,669 | 9,252 | 3,228 | 698 |
Cash received in excess of cash paid for acquisitions | |||||||||
0 | 0 | 37,609 | 215,472 | 161,997 | 0 | 29,717 | 33,676 | 0 | - |
Net cash used in investing activities | |||||||||
-236,152 | -257,319 | -205,080 | -229,480 | -214,756 | -136,929 | 46,724 | -194,543 | -169,229 | 35,642 |
Cash flows from financing activities: | |||||||||
Net (decrease) increase in noninterest-bearing deposits | |||||||||
88,936 | 160,698 | 113,756 | 138,794 | 48,638 | 106,378 | 114,878 | 89,369 | 160,616 | 303,778 |
Net increase in interest-bearing deposits | |||||||||
25,442 | 75,908 | 153,644 | 127,032 | 36,065 | 28,063 | -64,840 | -1,028 | -98,093 | -196,735 |
Net decrease in other short-term borrowings | |||||||||
-10,820 | 7,229 | -26,379 | -65,626 | 81,854 | -22,927 | 18,579 | - | -8,893 | -13,147 |
Proceeds from issuance of other long-term debt | |||||||||
- | - | - | - | - | - | - | - | 25,000 | 30,000 |
Decrease of other long-term debt | |||||||||
- | - | - | - | - | - | - | - | 0 | 27,500 |
Proceeds from FHLB advances | |||||||||
2,895,000 | 475,000 | 1,325,000 | 910,000 | 688,000 | 262,000 | 240,000 | - | - | - |
Repayments on FHLB advances | |||||||||
2,895,000 | 575,000 | 1,265,000 | 940,000 | 538,000 | 305,500 | 238,500 | - | - | - |
Issuance of subordinated debt | |||||||||
- | - | - | 75,000 | 0 | 0 | - | - | - | - |
Payment of debt issuance costs | |||||||||
- | - | - | 1,069 | 0 | 0 | - | - | - | - |
(Decrease) increase in borrowings | |||||||||
- | - | - | - | - | - | - | -12,698 | - | - |
Redemption of subordinated debt | |||||||||
- | - | - | - | - | 21,134 | 0 | 0 | - | - |
Redemption of preferred stock | |||||||||
- | - | - | - | - | 48,200 | 0 | 0 | - | - |
Repurchase of common stock | |||||||||
4,469 | 1,673 | 821 | 796 | - | - | - | - | - | - |
Proceeds from the issuance of common stock, net | |||||||||
9,644 | 9,295 | 10,153 | 6,348 | 1,574 | 67,893 | 2,182 | 14,736 | 2,407 | 515 |
Cash dividends paid on common stock | |||||||||
13,022 | 12,748 | 12,187 | 8,630 | 6,390 | 1,075 | 13 | 265 | 9 | 3 |
Preferred stock dividends paid | |||||||||
- | - | - | - | - | 1,607 | 2,410 | 2,410 | 2,410 | 2,182 |
Net cash provided by financing activities | |||||||||
95,711 | 138,709 | 298,166 | 241,053 | 311,741 | 63,891 | 69,876 | 87,704 | 78,618 | 94,726 |
Net (decrease) increase in cash and cash equivalents | |||||||||
25,991 | 36,591 | 63,578 | 14,528 | -44,954 | 67,539 | -8,264 | 9,525 | -123,361 | 79,095 |
Supplemental cash flow information and non-cash disclosures: | |||||||||
Cash paid during the period for: | |||||||||
Interest on deposits and borrowings | |||||||||
31,379 | 22,335 | 20,031 | 15,099 | 11,275 | 15,004 | 17,521 | 23,288 | 32,095 | 48,542 |
Acquisitions: | |||||||||
Assets acquired | |||||||||
0 | 0 | 167,366 | 255,280 | 9,025 | 0 | 120,875 | 172,285 | 0 | - |
Liabilities assumed | |||||||||
0 | 0 | 186,030 | 470,752 | 171,022 | 0 | 148,140 | 180,588 | 0 | - |
Common stock issued | |||||||||
0 | 0 | 22,727 | 0 | 0 | - | - | - | - | - |
Income taxes | |||||||||
9,681 | 10,888 | 17,895 | 9,518 | 970 | 17,391 | 14,922 | 9,880 | 4,431 | -3,552 |
Transfers of investment securities from available-for-sale to held-to-maturity | |||||||||
0 | 0 | - | 3,194 | 0 | 0 | - | - | - | - |
Transfers of loans from held-for-sale to held for investment | |||||||||
5,000 | 5,905 | 4,573 | 6,349 | 4,134 | 3,161 | 0 | 10,689 | 6,546 | 9,421 |
Transfers of loans to other real estate | |||||||||
1,973 | 2,127 | 7,120 | 4,742 | 12,090 | 22,076 | 25,770 | 35,087 | 15,935 | 27,305 |
Accretion of discount on preferred stock | |||||||||
- | - | - | - | - | 856 | 883 | 883 | 882 | 883 |
Stock dividends | |||||||||
- | - | - | - | - | 6,104 | 6,991 | 416 | 1,589 | 709 |