As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2012 Y 12/31/2014 USD 2013 Y 12/31/2015 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2015 USD 2016 Q3 YTD 9/30/2016 USD
Source Document Currency Code 2012 Y 12/31/2014 USD 2013 Y 12/31/2015 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2015 USD 2016 Q3 YTD 9/30/2016 USD

Operating activities

Net income 26,637 33,487 59,582 68,014 67,295

Adjustments to reconcile net income to net cash used in operating activities, net of effects from acquisitions

Provision for loan losses 18,125 10,350 6,167 4,750 5,880
Depreciation, amortization and accretion 7,710 9,096 8,104 5,953 839
Deferred income tax expense (18,116) (285) 9,291 13,751 5,663
Funding of mortgage loans held for sale (588,454) (619,526) (547,402) (1,483,937) (1,516,650)
Proceeds from sales of mortgage loans held for sale 594,008 625,749 563,808 1,647,648 1,579,476
Gains on sales of mortgage loans held for sale (12,499) (11,573) (8,594) (25,292) (26,687)
Gains on sales of securities (1,894) (54) (375) (96) (1,186)
Penalty on extinguishment of debt NA NA NA NA 2,539
Losses on sales of premises and equipment (39) 58 (72) 105 105
Stock-based compensation 1,368 2,806 3,909 4,435 2,563
Decrease in FDIC loss-share indemnification asset, net of accretion 62,247 26,308 14,399 4,409 2,442
Decrease in other assets 84,344 73,733 21,303 12,705 7,556
Decrease in other liabilities 4,273 3,137 (5,437) 180 (5,097)
Net cash provided by operating activities 177,710 153,286 124,683 252,625 124,738

Investing activities

Purchases of securities available for sale (152,873) (163,146) (124,296) (72,114) (82,243)
Proceeds from sales of securities available for sale 126,050 9,015 1,099 8,444 4,028
Proceeds from call/maturities of securities available for sale 134,964 80,758 80,305 111,663 117,232
Purchases of securities held to maturity (134,511) (70,075) (155,868) (144,027) (10,644)
Proceeds from sales of securities held to maturity 0 4,459 0 0 NA
Proceeds from call/maturities of securities held to maturity 148,021 112,283 136,013 145,449 109,305
Net increase in loans (300,686) (192,399) (120,787) (298,676) (407,570)
Purchases of premises and equipment (17,588) (8,050) (22,179) (25,165) (8,958)
Proceeds from sales of premises and equipment 309 0 2,911 2,219 2,462
Net cash paid in acquisition (510) NA NA NA NA
Proceeds from sales of other assets NA NA NA NA 11,040
Net cash received in acquisition of businesses 0 170,005 0 24,776 25,263
Net cash used in investing activities (196,824) (57,150) (202,802) (247,431) (240,085)

Financing activities

Net increase in noninterest-bearing deposits 36,304 652 63,852 79,342 163,406
Net increase (decrease) in interest-bearing deposits 12,680 54,009 (67,346) (77,124) 85,005
Net (decrease) increase in short-term borrowings (6,231) (9,760) 30,120 375,220 (157,685)
Proceeds from long-term borrowings 3,100 0 0 40 98,434
Repayment of long-term debt (86,711) (8,073) (13,557) (308,766) (46,964)
Cash paid for dividends (17,117) (19,303) (21,518) (24,557) (22,108)
Cash received on exercise of stock options 548 277 401 102 415
Excess tax benefit from stock-based compensation (56) 290 1,102 537 664
Net cash provided by financing activities (57,483) 18,092 (6,946) 44,794 121,167
Net increase in cash and cash equivalents (76,597) 114,228 (85,065) 49,988 5,820
Cash and cash equivalents at beginning of period 209,017 132,420 246,648 161,583 211,571
Cash and cash equivalents at end of period 132,420 246,648 161,583 211,571 217,391

Supplemental disclosures

Cash paid for interest 26,988 23,302 24,103 21,615 19,658
Cash paid for income taxes 23,971 12,771 17,503 18,610 22,731

Noncash transactions

Transfers of loans to other real estate owned 48,660 13,747 15,692 14,935 5,147
Financed sales of other real estate owned NA 6,912 860 1,134 538
Transfers of loans held for sale to loan portfolio NA NA NA NA 15,455
Common stock issued in acquisition of businesses NA NA NA NA 55,290
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