| 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 | |||||||||
154,189 | 89,494 | 97,821 | 70,916 | 31,278 | - | - | - | - | 2,670 |
Net income | |||||||||
- | - | - | - | - | 31,688 | 35,241 | 26,328 | 17,799 | - |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Provision for Loan, Lease, and Other Losses | |||||||||
35,797 | 39,456 | 26,900 | 25,465 | - | - | - | - | - | - |
Provision for credit losses | |||||||||
- | - | - | - | 6,721 | 3,199 | 3,139 | 3,970 | - | - |
Provision for loan losses | |||||||||
- | - | - | - | - | - | - | - | 5,119 | 7,652 |
Depreciation and amortization | |||||||||
6,829 | 7,142 | 7,081 | 7,196 | 4,393 | 4,503 | 3,971 | 3,515 | 3,571 | 3,784 |
Deferred tax benefit | |||||||||
45,957 | -4,115 | -6,798 | -692 | -1,414 | 2,293 | 5,262 | 204 | -794 | 3,951 |
Impact of Tax Cuts and Jobs Act on deferred taxes | |||||||||
-15,289 | 13,493 | 0 | 0 | - | - | - | - | - | - |
Premium amortization and accretion of securities, net | |||||||||
-3,859 | -4,337 | -4,359 | -4,267 | -3,416 | -5,828 | -6,424 | -4,515 | -3,832 | -1,034 |
Accretion related to acquired loans | |||||||||
-1,836 | -3,097 | -4,613 | -10,241 | -1,500 | -3,148 | -3,784 | 0 | 0 | - |
Net (gain) loss on securities transactions | |||||||||
-138 | -39 | 56 | - | - | - | - | - | - | - |
Net (gain) loss on securities transactions | |||||||||
- | - | - | 203 | 0 | -177 | 1,014 | 6,268 | 0 | 2,377 |
ESOP compensation expense | |||||||||
3,059 | 2,834 | 3,955 | 5,751 | 5,557 | 4,515 | 3,993 | 2,797 | - | - |
Impairment of collateralized debt obligations | |||||||||
- | - | - | - | - | - | - | - | - | 12,246 |
ESOP compensation expense | |||||||||
- | - | - | - | - | - | - | - | 1,882 | 1,460 |
Share-based compensation expense | |||||||||
6,954 | 7,462 | 6,014 | 5,477 | 3,717 | 2,648 | 1,878 | 1,551 | 1,802 | 1,763 |
Excess tax benefit on vesting of stock awards | |||||||||
-907 | -1,578 | 0 | 0 | - | - | - | - | - | - |
Gain (Loss) on Sales of Loans, Net | |||||||||
6,573 | 7,322 | 8,225 | 8,036 | 0 | 0 | 5,436 | 7,639 | 13,041 | 16,591 |
Loans originated or purchased for sale | |||||||||
187,796 | 195,161 | 218,288 | 222,195 | 0 | 0 | 145,819 | 271,107 | 7,877,505 | 5,742,599 |
Proceeds from sale of loans held for sale | |||||||||
187,883 | 207,055 | 227,769 | 225,335 | 0 | 0 | 184,672 | 276,402 | 7,739,992 | 5,577,643 |
FHLB stock dividends | |||||||||
1,032 | 548 | 539 | 152 | 103 | 115 | 121 | 84 | 68 | 16 |
Bank Owned Life Insurance Income | |||||||||
1,890 | 1,727 | 1,744 | 1,699 | 628 | 649 | 699 | 506 | 384 | - |
(Gain) loss on sale and disposition of repossessed assets, premises and equipment | |||||||||
801 | -2,099 | 3,524 | 293 | -1,824 | 835 | -191 | -652 | -546 | - |
Bank-owned life insurance (BOLI) income | |||||||||
- | - | - | - | - | - | - | - | - | 539 |
Write off of leasehold improvements related to in-store location closings | |||||||||
- | - | - | - | - | - | - | - | - | -337 |
Loss (gain) on sale and disposition of assets | |||||||||
- | - | - | - | - | - | - | - | - | 161 |
Disposition of insurance subsidiary goodwill upon sale of subsidiary operations | |||||||||
0 | 0 | 2,217 | 0 | 0 | - | 818 | 271 | 0 | - |
Net change in deferred loan fees/costs | |||||||||
4,017 | 8,631 | -391 | 1,067 | -1,660 | -1,753 | -30 | 589 | 1,087 | 46 |
Net change in accrued interest receivable | |||||||||
2,508 | 4,249 | 3,238 | 2,821 | 443 | 4 | -793 | -266 | 1,149 | -420 |
Net change in other assets | |||||||||
31,135 | 1,299 | 2,947 | -8,444 | -117 | -7,570 | 1,871 | -3,277 | -2,515 | 14,257 |
Net change in other liabilities | |||||||||
-2,805 | 40,176 | 5,913 | -16,250 | -2,571 | 6,122 | 4,371 | 8,311 | 2,687 | -5,692 |
Net cash provided by operating activities | |||||||||
189,890 | 189,016 | 132,448 | 89,202 | 52,024 | 65,545 | 92,039 | 45,866 | -114,283 | -169,318 |
Cash flows from investing activities | |||||||||
Available-for-sale securities: | |||||||||
Maturities, prepayments and calls | |||||||||
2,027,407 | 2,028,905 | 2,276,913 | 2,114,641 | 2,050,002 | 1,187,611 | 614,361 | 551,204 | 562,924 | 509,350 |
Purchases | |||||||||
2,085,851 | 2,098,681 | 2,334,558 | - | - | - | - | - | - | - |
Proceeds from Sale of Debt Securities, Available-for-sale | |||||||||
0 | 0 | 7,700 | - | - | - | - | - | - | - |
Held-to-maturity securities: | |||||||||
Purchases | |||||||||
- | - | - | 2,148,080 | 2,001,501 | 1,165,941 | 516,139 | 544,232 | 801,282 | 582,025 |
Proceeds from sale of AFS securities | |||||||||
- | - | - | 36,984 | 0 | 10,614 | 133,595 | 279,420 | 0 | 73,785 |
Maturities, prepayments and calls | |||||||||
38,566 | 35,973 | 41,384 | 49,730 | 57,000 | 104,058 | 136,606 | 113,687 | 69,788 | 49,649 |
Purchases | |||||||||
11,869 | 0 | 12,477 | 15,933 | 5,919 | 40,890 | 0 | 184,137 | 248,628 | 132,446 |
Originations of Warehouse Purchase Program loans | |||||||||
20,917,368 | 21,917,085 | 19,966,527 | 15,511,029 | 11,913,793 | 14,107,219 | 12,609,934 | 7,601,620 | - | - |
Proceeds from pay-offs of Warehouse Purchase Program loans | |||||||||
21,277,810 | 21,817,838 | 19,954,905 | 15,253,726 | 11,800,847 | 14,494,469 | 12,350,149 | 7,261,597 | - | - |
Net change in loans held for investment, excluding Warehouse Purchase Program loans | |||||||||
346,475 | 620,066 | 1,014,500 | - | - | - | - | - | - | - |
Redemption of FHLB and Federal Reserve Bank stock and other | |||||||||
9,596 | - | 20,348 | - | - | - | - | - | - | - |
Purchase of FHLB and FRB stock and other | |||||||||
- | 20,976 | - | - | - | - | - | - | - | - |
Distribution from new markets equity fund | |||||||||
- | - | - | - | - | - | - | - | -458 | - |
Net change in loans held for investment, excluding Warehouse Purchase Program loans | |||||||||
- | - | - | 1,030,016 | 583,762 | 359,488 | 182,658 | 123,995 | -8,259 | -118,266 |
Redemption of FHLB and Federal Reserve Bank stock and other | |||||||||
- | - | - | 14,527 | 9,098 | -10,257 | 4,845 | 16,937 | 6,354 | -3,965 |
Cash received in excess of cash paid for acquisition of LegacyTexas Group, Inc. | |||||||||
- | - | - | 128,598 | 0 | 0 | 98,469 | 0 | 0 | - |
Purchases of premises and equipment | |||||||||
10,021 | 3,602 | 8,420 | 5,660 | 1,253 | 4,257 | 2,272 | 5,213 | 2,114 | 8,667 |
Proceeds from sale of assets | |||||||||
9,331 | 7,814 | 15,803 | 10,121 | 621 | 3,782 | 6,740 | 868 | 3,959 | - |
Proceeds from sale of assets | |||||||||
- | - | - | - | - | - | - | - | - | 2,632 |
Net cash (used in) investing activities | |||||||||
-8,874 | -769,880 | -1,019,429 | -1,131,445 | -606,856 | 132,996 | 24,072 | -269,358 | -412,990 | 34,509 |
Cash flows from financing activities | |||||||||
Net change in deposits | |||||||||
74,032 | 402,207 | 1,138,765 | 940,862 | 393,170 | 86,833 | -164,149 | -54,059 | 220,885 | 248,575 |
Proceeds from FHLB advances | |||||||||
820,000 | 825,000 | 200,000 | 1,350,000 | 712,000 | 447,000 | 634,000 | 502,500 | 291,645 | - |
Repayments on FHLB advances | |||||||||
1,037,754 | 615,519 | 806,222 | 773,003 | 488,189 | 700,112 | 488,190 | 217,321 | 142,930 | 98,337 |
Share repurchase | |||||||||
- | - | - | 7,989 | 0 | 1,554 | 0 | 13,012 | 0 | - |
Proceeds from borrowings | |||||||||
0 | 0 | 76,861 | 73,407 | 0 | - | - | - | - | - |
Repayments of borrowings | |||||||||
34,336 | 2,015 | 24,929 | - | - | - | - | - | - | - |
Proceeds from subordinated debt offering | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Net proceeds from stock offering | |||||||||
- | - | - | - | - | - | - | - | 190,801 | - |
Purchase of shares by ESOP pursuant to reorganization | |||||||||
- | - | - | - | - | - | - | - | 15,886 | - |
Merger of ViewPoint MHC pursuant to reorganization | |||||||||
- | - | - | - | - | - | - | - | 207 | - |
Repayments of borrowings | |||||||||
- | - | - | 32,953 | 0 | 0 | 62,212 | 10,000 | 0 | - |
Proceeds (Repayments) other borrowings | |||||||||
- | - | - | - | - | - | - | - | - | 10,000 |
Treasury stock purchased | |||||||||
- | - | - | - | - | - | - | - | 407 | - |
Payment of dividends | |||||||||
33,840 | 29,277 | 27,676 | 25,747 | 19,187 | 12,780 | 15,448 | 6,918 | 3,862 | 2,472 |
Activity in employee stock plans | |||||||||
6,619 | 4,712 | 3,755 | - | - | - | - | - | - | - |
Activity in employee stock plans | |||||||||
- | - | - | 1,284 | - | - | - | - | - | - |
Activity in employee stock plans | |||||||||
- | - | - | - | 1,085 | 1,350 | 2,236 | 0 | 0 | - |
Net cash provided by financing activities | |||||||||
-205,279 | 585,108 | 560,554 | 1,525,861 | 598,879 | -179,263 | -93,763 | 201,190 | 540,453 | 157,766 |
Net change in cash and cash equivalents | |||||||||
-24,263 | 4,244 | -326,427 | 483,618 | 44,047 | 19,278 | 22,348 | -22,302 | 13,180 | 22,957 |
Interest paid | |||||||||
80,775 | 54,808 | 34,625 | - | - | - | - | - | - | - |
Interest paid | |||||||||
- | - | - | 20,861 | 16,807 | 19,019 | 22,173 | 33,967 | 44,496 | 49,171 |
Income taxes paid | |||||||||
15,323 | 57,482 | 60,854 | 36,835 | 15,941 | 9,513 | 17,490 | 12,780 | 5,948 | 1,790 |
Supplemental noncash disclosures: | |||||||||
Transfers from loans to other real estate owned | |||||||||
745 | 4,553 | 10,780 | 3,287 | 954 | 1,611 | 4,507 | 1,671 | 3,754 | - |
Common stock issued in consideration of LegacyTexas Group, Inc. acquisition | |||||||||
- | - | - | 187,224 | 0 | 0 | 12,355 | 0 | 0 | - |
Transfers from loans to other real estate owned | |||||||||
- | - | - | - | - | - | - | - | - | 5,677 |