As Reported pages

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q1 YTD 3/31/2019 USD

Cash Flows from Operating Activities

Net income 39,006 49,694 62,726 98,928 25,469

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

Stock-based and non-cash compensation 1,418 1,803 2,752 3,721 1,014
Depreciation 5,697 7,295 8,577 9,556 2,671
Amortization of intangible assets 3,192 4,438 5,245 5,854 2,094
Premises and equipment impairment 670 756 99 817 NA
Provision for loan losses 1,600 5,550 5,303 4,429 2,111
Provision for deferred income taxes 2,985 2,953 13,907 7,219 1,751
Amortization of security premiums and discounts, net 8,360 6,877 6,711 8,412 1,355
Accretion of premiums and discounts on time deposits and trust preferred securities, net 0 (669) (226) (97) (263)
Accretion of premiums and discounts on portfolio loans, net (1,476) (7,429) (12,205) (10,452) (2,694)
Amortization of discount on FHLB advances NA NA NA NA (4)
Security loss (gain), net (380) (1,232) (1,143) (331) 175
Unrealized (gain) on equity securities NA NA NA NA (216)
Change in equity securities, net NA 0 0 4,618 0
Gain on sales of mortgage loans, net of origination costs (5,843) (28,299) (45,443) (10,446) (2,141)
Mortgage loans originated for sale (267,737) (1,822,027) (1,487,726) (425,322) (83,950)
Proceeds from sales of mortgage loans 276,377 1,767,220 1,693,632 504,721 93,463
Net losses on disposition of premises and equipment 355 251 (327) 162 24
Decrease in deferred compensation 201 142 (757) (3,780) (3,339)
Increase in cash surrender value of bank owned life insurance (1,454) (1,522) (1,997) (1,754) (884)
Change in assets and liabilities
(Increase) decrease in other assets (137) (407) 8,423 4,097 (3,121)
(Decrease) in other liabilities (1,329) (6,288) (4,193) 2,195 (3,427)
Increase in interest payable NA NA NA NA 357
Increase in income taxes receivable NA NA NA NA 5,824
Net cash provided by operating activities 61,505 (20,894) 253,358 202,547 36,269

Cash Flows from Investing Activities

Proceeds from sales of securities classified available for sale 25,068 52,587 139,765 122,584 141,798
Proceeds from sales of securities classified equity 0 0 0 920 958
Proceeds from maturities of securities classified available for sale 200,780 241,304 193,294 163,582 43,435
Proceeds from sales of securities classified held to maturity NA 399 0 0 0
Proceeds from maturities of securities classified held to maturity 480 3,811 11,268 50,560 13,822
Purchases of securities classified available for sale (235,291) (180,447) (141,685) (124,234) (125,464)
Purchases of securities classified held to maturity (16,287) (2,103) (352,679) (217,766) 0
Net increase in loans (118,398) (1,294) (169,150) (49,864) (72,655)
Proceeds from disposition of premises and equipment 312 2,485 2,224 324 NA
Proceeds from sale of OREO properties 1,090 4,498 5,024 5,298 147
Purchases of premises and equipment (4,114) (8,991) (14,980) (11,618) (1,052)
Proceeds from the redemption of FHLB stock, net 0 11,919 6,090 4,864 0
Purchase of FHLB stock 0 NA NA NA NA
Net cash received in acquisitions 12,114 25,575 26,979 0 NA
Net cash paid in acquisitions NA NA NA NA (49,387)
Net cash (used in) provided by investing activities (134,246) 149,743 (293,850) (55,350) (48,398)

Cash Flows from Financing Activities

Net increase (decrease) in certificates of deposit (86,574) (173,385) 100,600 161,085 (25,958)
Net (decrease) increase in demand deposits, money market and savings accounts 232,931 31,322 11,188 (37,485) 100,960
Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase (25,921) (6,655) 28,898 (118,770) (19,318)
Proceeds from short-term borrowings, net 0 (104,000) 60,300 (220,000) NA
Repayment of subordinated debt NA 0 0 (5,500) NA
Net proceeds from issuance of senior debt 0 0 39,326 0 NA
Cash payment for fractional shares related to Reverse Stock Split (5) NA NA NA NA
Net proceeds from issuance of subordinated debt 0 0 49,186 0 NA
Repayment of FHLB advances, net NA NA NA NA (1,121)
Repayment of short-term borrowings NA NA NA NA 0
Net proceeds from short-term and long-term debt NA NA NA NA 60,000
Cash dividends paid (18,619) (22,748) (30,707) (39,010) (10,266)
Repayment of long-term debt 30,000 (4,906) (30,000) 0 (1,500)
Value of shares surrendered upon vesting to satisfy tax withholding obligations of stock based compensation (269) (809) (2,274) (1,208) NA
Redemption of SBLF preferred stock (72,664) NA NA NA NA
Proceeds from stock options exercised 0 4 906 392 0
Common stock issuance costs 0 (246) (365) 0 (234)
Purchase of treasury stock (6,296) NA NA NA NA
Net cash provided by (used in) financing activities 52,583 (281,423) 227,058 (260,496) 102,563
Net increase in cash and cash equivalents (20,158) (152,574) 186,566 (113,299) 90,434
Cash and cash equivalents, beginning of period 339,438 319,280 166,706 353,272 239,973
Cash and cash equivalents, ending of period 319,280 166,706 353,272 239,973 330,407

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash Payments for

Interest 6,282 9,674 19,342 40,639 14,876
Income taxes 17,170 20,186 26,419 23,183 690

Non-cash Investing and Financing Activities

Other real estate acquired in settlement of loans 1,251 2,775 1,417 4,025 577
Other assets transferred to equity investments NA 0 0 4,000 NA
Transfer of investment securities held to maturity to available for sale NA NA NA NA 573,639
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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