As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q1 YTD 3/31/2017 USD
Source Document Currency Code 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q1 YTD 3/31/2017 USD

Operating activities

Net income 33,487 59,582 68,014 90,930 23,972

Adjustments to reconcile net income to net cash provided by (used in) operating activities

Provision for loan losses 10,350 6,167 4,750 7,530 1,500
Depreciation, amortization and accretion 9,096 8,104 5,953 207 11,566
Deferred income tax expense (285) 9,291 13,751 11,037 3,946
Funding of mortgage loans held for sale (619,526) (547,402) (1,483,937) (1,951,144) (318,144)
Proceeds from sales of mortgage loans held for sale 625,749 563,808 1,647,648 2,031,036 343,945
Gains on sales of mortgage loans held for sale (11,573) (8,594) (25,292) (31,654) (6,554)
Losses on sales of securities (54) (375) (96) (1,186) 0
Penalty on extinguishment of debt NA 0 0 2,539 205
Losses on sales of premises and equipment 58 (72) 105 115 512
Stock-based compensation 2,806 3,909 4,435 3,117 1,174
Decrease in FDIC loss-share indemnification asset, net of accretion 26,308 14,399 4,409 2,891 0
Loss on termination of FDIC loss share agreements NA 0 0 2,053 NA
Decrease in other assets 73,733 21,303 12,705 13,020 18,882
Decrease in other liabilities 3,137 (5,437) 180 (16,694) (14,662)
Net cash provided by (used in) operating activities 153,286 124,683 252,625 163,797 66,342

Investing activities

Purchases of securities available for sale (163,146) (124,296) (72,114) (140,133) (52,683)
Proceeds from sales of securities available for sale 9,015 1,099 8,444 4,028 2,946
Proceeds from call/maturities of securities available for sale 80,758 80,305 111,663 158,359 30,800
Purchases of securities held to maturity (70,075) (155,868) (144,027) (15,267) 0
Proceeds from sales of securities held to maturity 4,459 NA NA NA NA
Proceeds from call/maturities of securities held to maturity 112,283 136,013 145,449 119,405 7,710
Net increase in loans (192,399) (120,787) (298,676) (504,640) (43,182)
Purchases of premises and equipment (8,050) (22,179) (25,165) (13,560) (4,441)
Proceeds from sales of premises and equipment 0 2,911 2,219 2,462 13
Proceeds from sales of other assets NA 0 0 16,939 5,307
Payment made to FDIC to terminate loss share agreements NA 0 0 (4,849) NA
Net cash received in acquisition 170,005 0 24,776 25,263 NA
Net cash used in investing activities (57,150) (202,802) (247,431) (351,993) (53,530)

Financing activities

Net increase in noninterest-bearing deposits 652 63,852 79,342 209,943 18,224
Net increase in interest-bearing deposits 54,009 (67,346) (77,124) 279,146 154,001
Net decrease in short-term borrowings (9,760) 30,120 375,220 (314,952) (99,721)
Proceeds from long-term debt 0 0 40 98,385 NA
Repayment of long-term debt (8,073) (13,557) (308,766) (47,230) (10,790)
Cash paid for dividends (19,303) (21,518) (24,557) (29,734) (8,030)
Net stock-based compensation transactions 277 401 102 415 (1,976)
Excess tax benefit from stock-based compensation 290 1,102 537 2,771 0
Proceeds from equity offering NA 0 0 84,105 NA
Net cash provided by financing activities 18,092 (6,946) 44,794 282,849 51,708
Net increase in cash and cash equivalents 114,228 (85,065) 49,988 94,653 64,520
Cash and cash equivalents at beginning of period 132,420 246,648 161,583 211,571 306,224
Cash and cash equivalents at end of period 246,648 161,583 211,571 306,224 370,744

Supplemental disclosures

Cash paid for interest 23,302 24,103 21,615 25,871 9,635
Cash paid for income taxes 12,771 17,503 18,610 22,731 7,181

Noncash transactions

Transfers of loans to other real estate owned 13,747 15,692 14,935 8,870 3,168
Financed sales of other real estate owned 6,912 860 1,134 2,070 237
Transfers of loans held for sale to loan portfolio NA 0 11,096 17,838 0
Common stock issued in acquisition of businesses NA 0 281,530 55,290 NA
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