As Reported pages

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD

Cash Flows from Operating Activities

Net income 32,774 39,006 49,694 62,726 73,638

Adjustments to reconcile net income to net cash provided by operating activities

Stock-based and non-cash compensation 1,187 1,418 1,803 2,752 2,666
Depreciation 5,572 5,697 7,295 8,577 7,158
Amortization of intangible assets 2,884 3,192 4,438 5,245 4,450
Premises and equipment impairment 0 670 756 99 817
Provision for loan losses 2,000 1,600 5,550 5,303 4,024
Provision for deferred income taxes 12,715 2,985 2,953 13,907 4,696
Amortization of security premiums and discounts, net 7,305 8,360 6,877 6,711 6,545
Accretion of premiums and discounts on time deposits and trust preferred securities, net 0 0 (669) (226) (82)
Accretion of premiums and discounts on portfolio loans, net 0 (1,476) (7,429) (12,205) (8,615)
Security gains, net (776) (380) (1,232) (1,143) (160)
Change in equity securities, net NA NA NA NA (2,699)
Gain on sales of mortgage loans, net of origination costs (4,723) (5,843) (28,299) (45,443) (7,805)
Mortgage loans originated for sale (222,976) (267,737) (1,822,027) (1,487,726) (336,169)
Proceeds from sales of mortgage loans 231,139 276,377 1,767,220 1,693,632 406,205
Net losses (gains) on disposition of premises and equipment (19) 355 251 (327) 186
(Decrease) increase in deferred compensation 363 201 142 (757) NA
Increase in cash surrender value of bank owned life insurance (796) (1,454) (1,522) (1,997) (926)
Change in assets and liabilities
(Increase) decrease in other assets 2,112 (137) (407) 8,423 (3,627)
Decrease in other liabilities (650) (1,329) (6,288) (4,193) (7,215)
Increase in interest payable NA NA NA NA 1,849
Decrease in income taxes receivable NA NA NA NA 2,200
Net cash provided by operating activities 68,111 61,505 (20,894) 253,358 147,136

Cash Flows from Investing Activities

Proceeds from sales of securities classified available for sale 74,113 25,068 52,587 139,765 0
Proceeds from sales of securities classified equity 0 0 399 0 920
Proceeds from maturities of securities classified available for sale 185,329 200,780 241,304 193,294 115,522
Proceeds from sales of securities classified held to maturity NA NA NA NA 31,815
Proceeds from maturities of securities classified held to maturity 10 480 3,811 11,268 0
Purchases of securities classified available for sale (182,123) (235,291) (180,447) (141,685) (122,954)
Purchases of securities classified held to maturity (1,026) (16,287) (2,103) (352,679) (217,767)
Net increase in loans (126,604) (118,398) (1,294) (169,150) (104,195)
Proceeds from disposition of premises and equipment 78 312 2,485 2,224 26
Proceeds from sale of other real estate owned ("OREO") properties 2,739 1,090 4,498 5,024 4,275
Purchases of premises and equipment (3,778) (4,114) (8,991) (14,980) (10,436)
Proceeds (purchases) from the redemption of Federal Home Loan Bank ("FHLB") stock, net 0 0 35,397 20,560 (2,611)
Purchase of FHLB stock 0 0 (23,478) (14,470) NA
Net cash received in acquisitions 0 12,114 25,575 26,979 0
Net cash used in investing activities (51,262) (134,246) 149,743 (293,850) (305,405)

Cash Flows from Financing Activities

Net increase (decrease) in certificates of deposit (86,300) (86,574) (173,385) 100,600 216,313
Net increase in demand deposits, money market and savings accounts 118,010 232,931 31,322 11,188 (146,517)
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 26,545 (25,921) (6,655) 28,898 (48,660)
Proceeds from short-term borrowings, net 0 0 (104,000) 60,300 0
Repayment of long-term advances 0 NA NA NA (5,500)
Net proceeds from issuance of senior debt NA 0 0 39,326 0
Cash payment for fractional shares related to Reverse Stock Split 0 (5) 0 0 NA
Net proceeds from issuance of subordinated debt NA 0 0 49,186 0
Cash dividends paid (17,224) (18,619) (22,748) (30,707) (29,238)
Proceeds from FHLB long term advances, net 50,000 30,000 (4,906) (30,000) (20,000)
Value of shares surrendered upon vesting to satisfy tax withholding obligations of stock-based compensation (45) (269) (809) (2,274) (1,136)
Redemption of SBLF preferred stock 0 (72,664) 0 0 NA
Proceeds from stock options exercised 0 0 4 906 387
Common stock issuance costs 0 0 (246) (365) 0
Purchase of treasury stock 0 (6,296) 0 0 NA
Net cash (used in) financing activities 90,986 52,583 (281,423) 227,058 (34,351)
Net increase (decrease) in cash and cash equivalents 107,835 (20,158) (152,574) 186,566 (192,620)
Cash and cash equivalents, beginning of period 231,603 339,438 319,280 166,706 353,272
Cash and cash equivalents, ending of period 339,438 319,280 166,706 353,272 160,652

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash Payments for

Interest 6,665 6,282 9,674 19,342 26,665
Income taxes 6,395 17,170 20,186 26,419 20,127

Non-cash Investing and Financing Activities

Other real estate acquired in settlement of loans 660 1,251 2,775 1,417 3,706
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
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