| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
58,544 | 51,708 | 36,220 | 20,700 | 29,133 | 19,789 | 13,427 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||
Depreciation | ||||||
8,135 | 5,720 | 4,001 | 2,817 | 2,143 | 1,946 | 786 |
Net accretion on loans | ||||||
5,568 | 8,296 | 7,071 | 7,482 | 4,928 | 8,992 | 4,880 |
Amortization of subordinated notes issuance costs | ||||||
116 | 101 | 94 | 23 | - | - | - |
Amortization of junior subordinated debentures | ||||||
483 | 460 | 413 | 325 | 264 | 252 | 51 |
Net amortization on securities | ||||||
-205 | -947 | -638 | -2,285 | -590 | -1,010 | -386 |
Amortization of intangible assets | ||||||
9,131 | 6,980 | 5,201 | 3,782 | 3,979 | 2,923 | 620 |
Deferred taxes | ||||||
3,931 | 708 | 10,164 | 1,887 | -280 | 4,373 | 1,891 |
Provision for loan losses | ||||||
7,942 | 16,167 | 11,628 | 6,693 | 4,529 | 5,858 | 3,412 |
Stock based compensation | ||||||
3,654 | 2,735 | 1,801 | 2,367 | 3,077 | 2,690 | 129 |
Net (gains) losses on sale of debt securities | ||||||
61 | -272 | 35 | -56 | 259 | 88 | - |
Net (gains) losses on equity securities | ||||||
393 | 38 | - | - | - | - | - |
Origination of loans held for sale | ||||||
32,570 | 4,317 | - | 891 | 59,261 | 58,123 | 20,358 |
Purchases of loans held for sale | ||||||
30,486 | - | - | - | - | - | - |
Proceeds from sale of loans originated for sale | ||||||
63,080 | 3,495 | - | 2,248 | 62,838 | 68,845 | 15,317 |
Net gains on sale of loans | ||||||
- | - | - | 16 | 1,630 | 1,495 | - |
Net gains on sale of loans | ||||||
653 | 46 | - | 154 | - | - | 846 |
Net (gains) losses on loans transferred to loans held for sale | ||||||
1,669 | - | -80 | - | - | - | - |
Net OREO (gains) losses and valuation adjustments | ||||||
351 | -514 | -850 | -1,427 | -108 | -582 | 154 |
Net change in operating leases | ||||||
181 | - | - | - | - | - | - |
Income from CLO warehouse investments | ||||||
0 | - | 2,226 | 3,184 | 1,151 | 545 | - |
Bargain purchase gain | ||||||
- | - | - | - | 15,117 | - | 9,014 |
Gain on sale of subsidiary or division | ||||||
- | 1,071 | 20,860 | - | - | - | - |
Gain on branch sale | ||||||
- | - | - | - | - | 12,619 | - |
(Increase) decrease in other assets | ||||||
14,991 | 8,385 | -1,515 | -1,197 | -1,075 | 1,525 | -13,455 |
Increase (decrease) in other liabilities | ||||||
3,790 | 6,138 | 4,860 | -3,097 | 186 | -5,201 | -3,356 |
Net cash provided by (used in) operating activities | ||||||
72,450 | 73,830 | 47,273 | 30,983 | 25,296 | 19,680 | 10,866 |
Cash flows from investing activities: | ||||||
Purchases of equity securities | ||||||
- | - | 3,000 | 2,000 | - | - | - |
Purchases of securities available for sale | ||||||
80,459 | 19,875 | 5,042 | 17,942 | 30,544 | 27,970 | - |
Proceeds from sales of securities available for sale | ||||||
40,617 | 123,016 | 32,441 | 34,338 | 17,635 | 24,424 | 0 |
Proceeds from maturities, calls, and pay downs of securities available for sale | ||||||
129,382 | 78,709 | 89,443 | 31,847 | 11,132 | 26,548 | 17,810 |
Purchases of securities held to maturity | ||||||
- | - | 5,092 | 29,117 | - | - | - |
Proceeds from maturities, calls, and pay downs of securities held to maturity | ||||||
993 | 1,053 | 28,216 | 136 | - | - | - |
Purchases of loans held for investment | ||||||
129,428 | - | - | 995 | 28,619 | - | - |
Proceeds from sale of loans | ||||||
47,832 | 9,781 | 3,834 | 24,538 | 36,765 | - | - |
Net change in loans | ||||||
506,816 | 388,276 | 586,120 | 295,315 | 252,390 | 156,946 | 98,114 |
Net proceeds from sale of OREO | ||||||
2,762 | 8,483 | 5,179 | 3,320 | 3,881 | 5,321 | 3,937 |
Purchases of premises and equipment, net | ||||||
21,338 | 18,776 | 7,953 | 4,325 | 2,437 | 2,745 | 1,404 |
Proceeds from surrender of BOLI | ||||||
- | 4,623 | - | - | - | - | - |
Net cash paid for CLO warehouse investments | ||||||
- | - | 10,000 | 25,000 | 20,500 | 7,000 | 2,000 |
Net proceeds from CLO warehouse investments | ||||||
- | - | 30,000 | 25,500 | 2,450 | 7,450 | - |
(Purchases) redemptions of FHLB and other restricted stock, net | ||||||
3,917 | -978 | 7,261 | 4,062 | -1,085 | -899 | 502 |
Cash paid for acquisitions, net of cash acquired | ||||||
- | 141,872 | -45,315 | 14,479 | 127,591 | 49,482 | -74,713 |
Proceeds from sale of subsidiary or division, net | ||||||
- | 73,849 | 10,269 | - | - | - | - |
Net cash provided by (used in) investing activities | ||||||
-520,372 | -268,307 | -379,771 | -273,556 | -389,133 | -122,092 | -5,560 |
Cash flows from financing activities: | ||||||
Net proceeds from sale of branch | ||||||
- | - | - | - | - | 57,409 | - |
Net increase (decrease) in deposits | ||||||
339,557 | 146,954 | 151,463 | 114,002 | 83,998 | 156,509 | 26,211 |
Increase (decrease) in customer repurchase agreements | ||||||
-2,452 | -7,003 | 998 | 1,173 | 35 | -2,048 | -8,597 |
Increase (decrease) in Federal Home Loan Bank advances | ||||||
100,000 | -35,737 | 135,000 | 100,000 | 127,000 | -18,000 | 5,497 |
Issuance of senior secured note | ||||||
- | - | - | - | - | - | 12,573 |
Repayment of senior secured note | ||||||
- | - | - | - | - | 12,573 | 11,858 |
Proceeds from issuance of subordinated notes, net | ||||||
38,282 | - | - | 48,676 | - | - | - |
Proceeds from issuance of other borrowings | ||||||
- | - | - | - | 99,975 | - | - |
Repayment of other borrowings | ||||||
- | - | - | - | 1,659 | - | - |
Exchange offer | ||||||
- | - | - | - | - | - | 461 |
Issuance of common stock in connection with initial public offering, net of expenses | ||||||
- | - | - | - | - | 83,767 | - |
Issuance of common stock, net of issuance costs | ||||||
- | 192,053 | 65,509 | - | - | 43 | 42,402 |
Stock option exercises | ||||||
- | 4 | -283 | - | - | - | - |
Purchase of treasury stock | ||||||
64,524 | 398 | 366 | 654 | 343 | 161 | - |
Redemption of Senior Preferred Stock Series T-1 and T-2 | ||||||
- | - | - | - | - | -25,897 | - |
Dividends on preferred stock | ||||||
- | 578 | 774 | 887 | 780 | 3,037 | 1,060 |
Net cash provided by (used in) financing activities | ||||||
410,863 | 295,287 | 352,113 | 251,810 | 308,226 | 177,503 | 64,707 |
Net increase (decrease) in cash and cash equivalents | ||||||
-37,059 | 100,810 | 19,615 | 9,237 | -55,611 | 75,091 | 70,013 |
Supplemental cash flow information: | ||||||
Interest paid | ||||||
52,006 | 31,965 | 20,393 | 10,453 | 7,864 | 8,225 | 1,549 |
Income taxes paid, net | ||||||
17,748 | 12,839 | 12,890 | 10,942 | 5,878 | 5,093 | 966 |
Cash paid for operating lease liabilities | ||||||
4,196 | - | - | - | - | - | - |
Supplemental noncash disclosures: | ||||||
Loans transferred to OREO | ||||||
3,360 | 514 | 6,585 | 470 | 743 | 543 | 1,532 |
Lease liabilities arising from obtaining right-of-use assets | ||||||
2,557 | - | - | - | - | - | - |
Premises transferred to OREO | ||||||
- | 1,139 | 276 | 2,215 | - | - | - |
Loans transferred to loans held for sale | ||||||
46,163 | 9,781 | 3,914 | 24,384 | 0 | 78,071 | - |
Consideration received from sale of subsidiary or division | ||||||
- | - | 12,123 | - | - | - | - |
Assets transferred to assets held for sale | ||||||
- | - | 71,362 | - | - | - | - |
Securities transferred in satisfaction of other borrowings | ||||||
- | - | - | - | 98,316 | - | - |
Loan purchases, not yet settled (shared national credits) | ||||||
- | - | - | - | 995 | - | - |
Premises and equipment transferred to branch assets held for sale | ||||||
- | - | - | - | - | 2,260 | - |
Stock issued and assumed in NBI acquisition | ||||||
- | - | - | - | - | - | 43,009 |
TARP Preferred Stock | ||||||
Redemption of TARP preferred stock | ||||||
- | - | - | -10,500 | - | - | - |