| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||
Net income | ||||||||||
400,881 | 359,440 | 173,979 | 127,225 | 95,509 | 70,471 | 57,726 | 41,883 | 43,737 | -24,300 | -35,499 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Net amortization/accretion of premium/discount on securities | ||||||||||
-20,294 | -19,141 | -12,847 | -8,630 | -5,231 | -4,526 | -4,438 | -7,291 | -7,702 | -5,667 | -4,735 |
Depreciation, amortization and accretion | ||||||||||
8,342 | -23,604 | -23,618 | 186 | 10,268 | 9,282 | 9,245 | 10,207 | 10,950 | 11,500 | 10,804 |
Provision for credit losses | ||||||||||
27,283 | 34,377 | 23,664 | 18,328 | 9,188 | 3,634 | 7,856 | 5,568 | 21,797 | 53,695 | 116,758 |
Investment losses (gains) on sales, net | ||||||||||
-5,941 | -2,254 | -8,265 | 395 | 552 | 29 | -1,466 | 2,150 | 960 | 2,623 | 6,462 |
Stock-based compensation expense | ||||||||||
21,226 | 17,636 | 19,538 | 10,971 | 7,341 | 5,308 | 4,082 | 4,414 | 5,018 | 3,981 | 3,251 |
Revaluation of deferred tax assets and liabilities | ||||||||||
0 | 0 | 31,486 | 0 | 0 | - | - | - | - | - | - |
Deferred tax expense (benefit) | ||||||||||
14,696 | 11,765 | 28,165 | 14,390 | 5,819 | 394 | 1,841 | 1,547 | -23,395 | 17,822 | -24,645 |
Losses (gains) on dispositions of other real estate and other investments | ||||||||||
-2,927 | -84 | 203 | -141 | 433 | 74 | -3,103 | -9,608 | -14,081 | -25,459 | -11,987 |
Income from equity method investment | ||||||||||
90,111 | 51,222 | 37,958 | 31,403 | 20,591 | 0 | 0 | - | - | - | - |
Dividends received from equity method investment | ||||||||||
51,312 | 33,651 | 21,650 | 28,982 | 7,152 | 0 | - | - | - | - | - |
Excess tax benefit from stock compensation | ||||||||||
1,011 | 2,966 | 5,366 | 4,604 | 4,116 | 1,698 | -389 | -36 | -13 | -16 | -53 |
Gain on commercial loans sold, net | ||||||||||
- | - | - | 885 | 0 | 0 | - | - | - | - | - |
Gains on other loans sold, net | ||||||||||
3,624 | 3,287 | 1,488 | 15,800 | 7,668 | 5,630 | 6,243 | 6,698 | 4,155 | 4,085 | 4,928 |
Loans originated | ||||||||||
402,623 | 356,597 | 177,434 | 112,670 | 0 | 0 | - | - | - | - | - |
Commercial loans held for sale sold | ||||||||||
404,615 | 369,387 | 176,062 | 90,967 | 0 | 0 | - | - | - | - | - |
Consumer loans held for sale originated | ||||||||||
1,396,968 | 1,195,435 | 1,100,866 | 784,214 | 524,679 | 331,135 | 385,173 | 486,930 | 394,020 | 444,833 | 626,402 |
Consumer loans held for sale sold | ||||||||||
1,373,678 | 1,234,551 | 1,090,489 | 803,498 | 519,134 | 335,577 | 419,761 | 487,798 | 378,996 | 445,227 | 644,098 |
Increase in other assets | ||||||||||
57,499 | 24,471 | 37,023 | 5,275 | 2,359 | -4,014 | -11,567 | -36,400 | -42,346 | -27,366 | -16,214 |
Increase in other liabilities | ||||||||||
79,264 | 60,617 | -17,700 | 4,198 | -7,487 | 417 | -2,847 | 5,372 | 11,004 | 14,730 | -19,551 |
Net cash provided by operating activities | ||||||||||
434,288 | 470,757 | 165,864 | 152,316 | 84,603 | 95,058 | 126,435 | 114,277 | 113,089 | 129,589 | 90,305 |
Investing activities: | ||||||||||
Activities in securities available-for-sale: | ||||||||||
Purchases | ||||||||||
1,455,073 | 1,314,721 | 1,290,717 | 583,330 | 342,192 | 149,051 | 233,887 | 222,831 | 268,141 | 548,916 | 721,011 |
Sales | ||||||||||
737,717 | 169,850 | 363,898 | 72,829 | 189,029 | 2,360 | 23,439 | 188,586 | 166,415 | 146,082 | 346,895 |
Maturities, prepayments and calls | ||||||||||
372,300 | 323,571 | 323,235 | 280,806 | 146,441 | 123,949 | 143,322 | 210,732 | 233,622 | 322,414 | 284,950 |
Activities in securities held-to-maturity: | ||||||||||
Purchases | ||||||||||
3,822 | 0 | 0 | 560 | 1,550 | 923 | 3,496 | 0 | 0 | - | - |
Sales | ||||||||||
- | - | - | - | - | 0 | 0 | 0 | 0 | 954 | 0 |
Maturities, prepayments and calls | ||||||||||
8,300 | 5,775 | 4,115 | 6,200 | 8,185 | 1,229 | 3,623 | 1,755 | 1,975 | 1,235 | 3,960 |
Increase in loans, net | ||||||||||
1,927,811 | 1,995,424 | 1,558,646 | 966,208 | 668,297 | 455,357 | 447,907 | 440,508 | 144,581 | -194,133 | 329,573 |
Purchases of software, premises and equipment | ||||||||||
42,153 | 23,739 | 53,499 | 17,058 | 10,870 | 5,878 | 5,293 | 5,864 | 2,031 | 9,587 | 19,175 |
Proceeds from BOLI settlement | ||||||||||
321 | 3,467 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from sales of software, premises and equipment | ||||||||||
66 | 2,967 | 23 | 2,187 | 782 | 0 | 0 | - | - | - | - |
Acquisitions, net of cash acquired | ||||||||||
44,594 | 0 | 155,142 | - | - | - | - | - | - | - | - |
Proceeds from sale of other real estate | ||||||||||
8,446 | 16,088 | 3,725 | 3,305 | - | - | - | - | - | - | - |
Proceeds from sale of mortgage servicing rights | ||||||||||
- | - | - | 6,748 | 0 | 0 | - | - | - | - | - |
Cash Acquired from Acquisition | ||||||||||
- | - | - | 17,608 | 5,876 | 0 | 0 | - | - | - | - |
Purchase of bank owned life insurance policies | ||||||||||
110,000 | 100,000 | 55,000 | 0 | 0 | - | 38,352 | 0 | 0 | - | - |
Proceeds related to derivative instruments | ||||||||||
106,832 | 0 | 0 | - | - | - | - | - | - | - | - |
Increase in equity method investment | ||||||||||
- | - | - | 74,100 | 75,440 | 0 | 0 | - | - | - | - |
Increase in other investments | ||||||||||
55,926 | 56,918 | 7,804 | 27,509 | 1,712 | 4,208 | 6,141 | -17,743 | 407 | 1,878 | 6,859 |
Net cash used in investing activities | ||||||||||
-2,619,061 | -2,969,084 | -2,115,528 | -1,279,082 | -742,598 | -487,879 | -564,692 | -250,387 | -13,149 | 104,437 | -440,814 |
Financing activities: | ||||||||||
Net increase (decrease) in deposits | ||||||||||
1,332,491 | 2,399,407 | 1,488,274 | 822,307 | 783,352 | 249,132 | 518,284 | 360,848 | -178,660 | 9,688 | 290,833 |
Net increase (decrease) in securities sold under agreements to repurchase | ||||||||||
21,613 | -30,521 | -12,754 | 6,622 | -32,784 | 23,529 | -44,202 | -16,923 | -14,702 | -129,170 | 91,167 |
Advances from Federal Home Loan Bank: | ||||||||||
Net decrease in Federal funds purchased | ||||||||||
- | - | - | - | - | - | - | - | - | - | 71,643 |
Advances from Federal Home Loan Bank: Issuances | ||||||||||
2,672,500 | 1,664,906 | 1,964,750 | 1,934,000 | 1,135,000 | 790,000 | 600,000 | 520,000 | 215,000 | 90,000 | 70,000 |
Advances from Federal Home Loan Bank: Payments/maturities | ||||||||||
2,053,555 | 1,541,212 | 1,051,067 | 1,934,093 | 1,092,781 | 685,093 | 585,144 | 670,141 | 110,236 | 181,149 | 41,153 |
Increase in other borrowings, net of issuance costs | ||||||||||
316,078 | 19,850 | 0 | 243,227 | 59,129 | 0 | -7,500 | 8,682 | 0 | 0 | -18,000 |
Repayments of other borrowings | ||||||||||
184,175 | 620 | 220 | 74,000 | 50,290 | 2,500 | - | - | - | - | - |
Principal payments of finance lease obligation | ||||||||||
226 | 168 | 149 | 70 | 0 | 0 | - | - | - | - | - |
Issuance of common stock pursuant to restricted stock unit agreement, net of shares withheld for taxes | ||||||||||
0 | 0 | 192,194 | 0 | 0 | - | - | - | - | - | 109,027 |
Exercise of common stock options and stock appreciation rights, net of shares surrendered for taxes | ||||||||||
-3,694 | -5,071 | 494 | 11,589 | 3,602 | 6,421 | 2,894 | 866 | 864 | 3,037 | 666 |
(Repurchase) exercise of common stock warrants | ||||||||||
- | - | - | - | - | - | - | -755 | 0 | 285 | 300 |
Repurchase of common stock | ||||||||||
61,416 | 20,694 | 0 | 0 | - | - | - | - | - | - | - |
Excess tax benefit from stock compensation | ||||||||||
- | - | - | 4,604 | 4,116 | 1,698 | -389 | -36 | -13 | -16 | -53 |
Common stock dividends paid | ||||||||||
49,828 | 45,454 | 35,907 | 24,726 | 18,307 | -11,398 | -2,814 | 0 | 0 | - | - |
Preferred dividends paid | ||||||||||
- | - | - | - | - | - | - | 2,127 | 4,891 | 4,750 | 4,393 |
Repurchase of preferred shares outstanding | ||||||||||
- | - | - | - | - | - | - | 71,250 | 23,750 | 0 | 0 |
Net cash provided by financing activities | ||||||||||
1,989,788 | 2,440,423 | 2,545,615 | 989,460 | 791,038 | 371,790 | 481,907 | 129,235 | -116,363 | -212,042 | 426,857 |
Net increase (decrease) in cash, cash equivalents, and restricted cash | ||||||||||
-194,985 | -57,904 | 595,951 | -137,306 | 133,043 | -21,031 | 43,650 | -6,874 | -16,423 | 21,984 | 76,349 |