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
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

Operating activities

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

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

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

Investing activities

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

Financing activities

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

Supplemental disclosures

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

Noncash transactions

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