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 Q3 YTD 9/30/2017 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 Q3 YTD 9/30/2017 USD

Operating activities

Net income 33,487 59,582 68,014 90,930 75,677

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 5,400
Depreciation, amortization and accretion 9,096 8,104 5,953 207 3,541
Deferred income tax expense (285) 9,291 13,751 11,037 1,669
Funding of mortgage loans held for sale (619,526) (547,402) (1,483,937) (1,951,144) (1,256,233)
Proceeds from sales of mortgage loans held for sale 625,749 563,808 1,647,648 2,031,036 1,245,301
Gains on sales of mortgage loans held for sale (11,573) (8,594) (25,292) (31,654) (15,719)
Gains on sales of securities (54) (375) (96) (1,186) (57)
Penalty on prepayment of debt NA 0 0 2,539 205
Losses on sales of premises and equipment 58 (72) 105 115 553
Stock-based compensation expense 2,806 3,909 4,435 3,117 3,771
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
(Increase) decrease in other assets 73,733 21,303 12,705 13,020 (2,059)
Decrease in other liabilities 3,137 (5,437) 180 (16,694) (9,652)
Net cash provided by operating activities 153,286 124,683 252,625 163,797 52,397

Investing activities

Purchases of securities available for sale (163,146) (124,296) (72,114) (140,133) (191,679)
Proceeds from sales of securities available for sale 9,015 1,099 8,444 4,028 43,494
Proceeds from call/maturities of securities available for sale 80,758 80,305 111,663 158,359 132,044
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 4,876
Proceeds from call/maturities of securities held to maturity 112,283 136,013 145,449 119,405 15,882
Net increase in loans (192,399) (120,787) (298,676) (504,640) (272,618)
Purchases of premises and equipment (8,050) (22,179) (25,165) (13,560) (11,925)
Proceeds from sales of premises and equipment 0 2,911 2,219 2,462 1,255
Proceeds from sales of other assets NA 0 0 16,939 11,485
Payment made to FDIC to terminate loss share agreements NA 0 0 (4,849) NA
Net cash received in acquisition of businesses 170,005 0 24,776 25,263 41,685
Net cash used in investing activities (57,150) (202,802) (247,431) (351,993) (225,501)

Financing activities

Net increase in noninterest-bearing deposits 652 63,852 79,342 209,943 6,464
Net increase in interest-bearing deposits 54,009 (67,346) (77,124) 279,146 112,854
Net increase (decrease) in short-term borrowings (9,760) 30,120 375,220 (314,952) 274,554
Proceeds from long-term borrowings 0 0 40 98,385 0
Repayment of long-term debt (8,073) (13,557) (308,766) (47,230) (169,961)
Cash paid for dividends (19,303) (21,518) (24,557) (29,734) (25,004)
Net stock-based compensation transactions 277 401 102 415 173
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) 44,794 282,849 199,080
Net increase in cash and cash equivalents 114,228 (85,065) 49,988 94,653 25,976
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 246,648 161,583 211,571 306,224 332,200

Supplemental disclosures

Cash paid for interest 23,302 24,103 21,615 25,871 26,974
Cash paid for income taxes 12,771 17,503 18,610 22,731 29,491

Noncash transactions

Transfers of loans to other real estate owned 13,747 15,692 14,935 8,870 5,418
Financed sales of other real estate owned 6,912 860 1,134 2,070 257
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 55,290 213,590
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.