| 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 | |||||||||
80,365 | 61,451 | 14,579 | 23,060 | 4,881 | 9,176 | 6,927 | -543 | 41,963 | 6,051 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Provision for loan losses | |||||||||
11,643 | 5,197 | 12,972 | 23,651 | 12,444 | 6,209 | 4,296 | 27,995 | 20,002 | 88 |
Depreciation and amortization | |||||||||
15,038 | 11,522 | 12,889 | 14,203 | 15,502 | 15,930 | 15,833 | 12,300 | 7,028 | 228 |
Current income tax receivable | |||||||||
1,955 | 4,246 | 1,260 | 4,176 | -7,328 | 10,807 | -20,498 | - | - | - |
Deferred income taxes | |||||||||
8,793 | 9,092 | 17,180 | -176 | -4,241 | -15,776 | -1,618 | - | - | 2,561 |
Net excess tax expense (benefit) on stock-based compensation | |||||||||
2,160 | 1,286 | 4,225 | 2,078 | -3,677 | -15 | - | - | - | - |
Discount accretion, net of premium amortization on securities | |||||||||
-2,047 | -2,911 | -2,581 | -3,067 | -4,124 | 63,881 | -8,285 | -17,459 | -5,504 | 743 |
Accretion Expense | |||||||||
- | - | - | - | - | 5,010 | - | - | - | 12,586 |
Gain (Loss) on Sale of Securities, Net | |||||||||
- | - | - | - | - | - | - | 674 | -645 | 11 |
Increase (Decrease) in Income Taxes Receivable | |||||||||
- | - | - | - | - | - | - | 17,825 | -22,233 | - |
Increase (Decrease) in Deferred Income Taxes | |||||||||
- | - | - | - | - | - | - | 23,233 | 10,754 | - |
Loan accretion | |||||||||
15,590 | 23,115 | 23,933 | 35,073 | 50,687 | - | -85,447 | -120,034 | -75,760 | - |
Gain on sale of mortgages, net | |||||||||
39,922 | 27,009 | 2,154 | 2,881 | 1,963 | 1,000 | 1,358 | 1,214 | 1,103 | 268 |
Origination of loans held for sale, net of repayments | |||||||||
1,317,547 | 1,005,850 | 85,959 | 114,397 | 99,246 | 44,490 | 58,391 | 52,965 | 23,779 | - |
Proceeds from sales of loans held for sale | |||||||||
1,289,877 | 1,030,906 | 101,935 | 101,098 | 92,845 | 45,584 | 57,947 | 49,312 | 26,801 | 16,611 |
Bank-owned life insurance income | |||||||||
1,713 | 1,791 | 1,871 | 1,861 | 1,614 | 442 | - | - | - | - |
Amortization of indemnification asset | |||||||||
- | - | - | - | 15,878 | 27,741 | 18,960 | -13,820 | -6,132 | 1,689 |
Loss (gain) on the sale of other real estate owned, net | |||||||||
7,200 | 500 | 4,150 | 4,383 | 2,776 | 13,126 | 6,953 | 9,563 | 3,063 | -432 |
Impairment on other real estate owned | |||||||||
1,082 | 230 | 766 | 298 | 1,580 | 2,103 | 10,349 | 20,215 | 1,138 | - |
Impairment on fixed assets related to banking center consolidations | |||||||||
898 | - | - | - | 1,411 | - | 2,531 | 0 | 0 | - |
Loss on sale of fixed assets | |||||||||
- | - | - | 1,981 | 28 | 123 | - | 0 | - | - |
Bargain purchase gain | |||||||||
- | - | - | - | 1,048 | - | - | - | 60,520 | 37,778 |
Stock-based compensation | |||||||||
4,869 | 4,420 | 3,648 | 3,492 | 3,349 | 3,572 | 4,861 | 13,078 | 12,564 | 16,613 |
Operating lease payments | |||||||||
5,294 | - | - | - | - | - | - | - | - | - |
Acquisition-related costs | |||||||||
- | -7,957 | -2,691 | - | - | - | - | - | - | - |
Decrease in due to FDIC, net | |||||||||
- | - | - | - | -37,138 | 129 | 10,611 | -36,701 | 5,844 | 13,564 |
Change in other assets | |||||||||
697 | 3,654 | -3,187 | 4,721 | -4,871 | -3,179 | -945 | -2,143 | -5,094 | -10,038 |
Change in other liabilities | |||||||||
16,025 | 14,749 | 12,125 | -9,430 | 7,879 | 6,628 | 7,142 | -24,407 | 875 | -13,589 |
Net cash provided by (used in) operating activities | |||||||||
42,476 | 73,574 | 58,139 | -3,936 | -37,628 | -2,755 | -25,578 | -130,837 | -19,156 | -19,068 |
Cash flows from investing activities: | |||||||||
Purchase of FHLB stock | |||||||||
16,761 | 4,716 | 7,448 | 5,544 | - | 952 | - | - | 13,320 | - |
Proceeds from redemption of FHLB stock | |||||||||
14,565 | 12,062 | 6,877 | 7,670 | 493 | - | 1,333 | 139 | 12,252 | - |
Purchase of FHLB Des Moines stock | |||||||||
- | - | - | - | - | - | - | 4,018 | 3,467 | -3,024 |
Purchase of FRB stock | |||||||||
- | - | - | - | - | - | - | - | - | 16,800 |
Proceeds from redemption of FRB stock | |||||||||
- | 1,371 | - | 4,964 | 5,320 | 5,570 | - | 0 | 5,811 | - |
Proceeds from maturities of investment securities held-to-maturity | |||||||||
60,948 | 61,913 | 71,105 | 91,376 | 104,683 | 105,594 | 178,420 | - | - | - |
Proceeds from maturities of investment securities available-for-sale | |||||||||
195,467 | 216,077 | 224,336 | 275,448 | 314,271 | 327,368 | 549,857 | - | - | - |
Proceeds from sales of investment securities available-for-sale | |||||||||
20,378 | 33,637 | - | - | 29,747 | - | - | 20,794 | 228,374 | 69,118 |
Proceeds from maturities of non-marketable securities | |||||||||
- | 67 | 490 | 490 | - | - | - | - | - | - |
Purchase of investment securities held-to-maturity | |||||||||
10,201 | 40,735 | - | - | 6,225 | - | 251,792 | 2,234 | 0 | - |
Purchase of investment securities available-for-sale | |||||||||
45,745 | 72,555 | 202,694 | 4,872 | - | - | 693,881 | 1,131,749 | 1,467,361 | 460,169 |
Maturities of investment securities held-to-maturity | |||||||||
- | - | - | - | - | - | - | 176,650 | 5 | - |
Maturities of investment securities available-for-sale | |||||||||
- | - | - | - | - | - | - | 493,224 | 269,854 | - |
Net increase in loans | |||||||||
312,844 | 382,441 | 314,008 | 270,585 | 334,798 | 253,102 | 26,648 | -454,296 | -423,618 | -79,626 |
Purchases of premises and equipment, net | |||||||||
11,204 | 6,277 | 5,617 | -690 | 5,081 | 1,585 | 6,801 | 41,077 | 21,823 | 950 |
Purchase of bank-owned life insurance | |||||||||
20,000 | - | - | 10,344 | - | 43,800 | - | 0 | - | - |
Proceeds from sales of loans | |||||||||
- | 713 | 38,087 | 9,231 | 17,204 | 3,607 | 44,958 | 0 | 0 | - |
Proceeds from sales of other real estate owned | |||||||||
12,112 | 26,346 | 10,355 | 16,105 | 15,566 | 56,519 | 61,260 | 102,941 | 51,745 | 8,029 |
Net cash activity from acquisition | |||||||||
- | 68,984 | - | - | - | - | - | - | - | - |
Decrease (increase) in FDIC indemnification asset | |||||||||
- | - | - | - | 18,331 | -2,376 | 62,807 | 63,368 | 82,848 | - |
Net cash activity from acquisitions | |||||||||
- | - | - | - | -22,832 | - | - | - | -636,918 | -1,492,167 |
Net cash used in investing activities | |||||||||
-113,285 | -102,017 | -178,517 | 114,629 | 182,343 | 196,843 | -80,487 | 132,334 | 205,454 | 1,174,045 |
Cash flows from financing activities: | |||||||||
Net increase in deposits | |||||||||
201,511 | -173,849 | 113,796 | 27,972 | -55,654 | -72,121 | -362,410 | -862,334 | -365,500 | -146,571 |
Net increase in repurchase agreements and other short-term borrowings | |||||||||
-9,112 | -64,416 | 38,452 | -44,512 | 2,971 | 34,005 | 45,862 | 6,088 | 18,832 | - |
Advances from FHLB | |||||||||
1,477,447 | 889,416 | 263,129 | 218,629 | - | 40,000 | - | 0 | - | - |
FHLB repayments | |||||||||
1,571,432 | 750,696 | 172,679 | 219,964 | - | - | - | - | 133,529 | 83,894 |
Issuance of stock under purchase and equity compensation plans | |||||||||
6,229 | 772 | 8,395 | 6,201 | 952 | 576 | -256 | -1,588 | -496 | - |
FDIC clawback liability | |||||||||
- | - | - | - | - | - | - | - | 14,800 | - |
Proceeds from exercise of stock options | |||||||||
2,788 | 7,576 | 104 | - | 160 | - | - | - | - | - |
Settlement of warrants | |||||||||
- | - | - | - | 368 | - | - | - | - | - |
Excess tax expense on stock-based compensation | |||||||||
- | - | - | - | - | - | 24 | 0 | 0 | - |
Payment of dividends | |||||||||
23,530 | 16,624 | 9,401 | 6,400 | 6,711 | 8,507 | 10,139 | 2,616 | 0 | - |
Repurchase of common stock | |||||||||
- | - | - | 93,573 | 175,048 | 119,370 | 146,736 | -4 | 2 | -127,641 |
Net cash provided by financing activities | |||||||||
71,443 | -109,365 | 225,006 | -124,049 | -235,602 | -126,569 | -473,655 | -860,454 | -465,891 | -346,535 |
Increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
634 | -137,808 | 104,628 | -13,356 | -90,887 | 67,519 | -579,720 | -858,957 | -279,593 | 808,442 |
Supplemental disclosure of cash flow information during the period: | |||||||||
Cash paid for interest | |||||||||
34,458 | 22,714 | 17,312 | 14,154 | 13,751 | 13,863 | 17,694 | 36,012 | 46,063 | 8,503 |
Net tax payment (refund) | |||||||||
9,271 | -2,345 | -127 | 2,193 | -7,420 | -8,119 | 26,211 | 45,652 | 16,772 | 685 |
Issuance of warrants | |||||||||
- | - | - | - | - | - | - | - | - | 4,845 |
Issuance of value appreciation rights | |||||||||
- | - | - | - | - | - | - | - | 1,147 | 750 |
Supplemental schedule of non-cash activities: | |||||||||
Loans transferred to other real estate owned at fair value | |||||||||
2,705 | 24,940 | 1,800 | 6,868 | 4,576 | 4,491 | 39,973 | 82,444 | 52,294 | 11,604 |
FDIC submissions transferred to other liabilities | |||||||||
- | - | - | - | - | -5,673 | 17,605 | 135,213 | 84,100 | - |
Available For Sale Investment Securities Transferred To Investment Securities Held To Maturity | |||||||||
- | - | - | - | - | - | - | 754,063 | 0 | - |
Decrease in loans purchased but not settled | |||||||||
7,372 | -21,202 | 25,118 | -4,873 | -102 | 10,038 | 5,063 | 0 | - | - |
Loans transferred from loans held for sale to loans | |||||||||
1,732 | 1,038 | 5,736 | 5,285 | 218 | - | - | - | - | - |
Lease right-of-use assets obtained | |||||||||
30,474 | - | - | - | - | - | - | - | - | - |
Treasury stock reissued for acquisition | |||||||||
- | 110,213 | - | - | - | - | - | - | - | - |
Investment trades transacted but not settled | |||||||||
- | - | - | - | - | - | - | - | - | 564,094 |