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As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 9/30/2015 USD 2014 Y 9/30/2016 USD 2015 Y 9/30/2016 USD 2016 Y 9/30/2016 USD 2017 Q1 YTD 12/31/2016 USD
Source Document Currency Code 2013 Y 9/30/2015 USD 2014 Y 9/30/2016 USD 2015 Y 9/30/2016 USD 2016 Y 9/30/2016 USD 2017 Q1 YTD 12/31/2016 USD

Operating activities

Net income 96,243 104,952 109,065 121,253 36,903

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

Depreciation and amortization 42,881 33,696 20,984 16,259 5,365
Amortization of FDIC indemnification asset 14,758 14,604 7,552 3,836 867
Net loss on sale of securities (917) (90) (310) (160) 0
Gain on redemption of subordinated debentures NA NA NA NA (111)
Net gain on sale of loans (13,724) (5,539) (6,694) (8,053) (3,165)
Net loss on FDIC indemnification asset 2,931 (4,506) 2,277 1,069 211
Net loss (gain) on sale of premises and equipment 632 3,280 (1,983) 1,974 9
Net loss (gain) from sale/writedowns of repossessed property 3,650 8,644 5,382 1,263 658
Provision for loan and lease losses 11,574 684 19,041 16,955 7,049
Reversal of provision for loan servicing rights loss NA 0 0 13 (5)
Stock-based compensation 0 0 1,236 3,517 1,635
Originations of residential real estate loans held for sale (429,009) (216,361) (281,098) (294,221) (87,868)
Proceeds from sales of residential real estate loans held for sale 463,730 219,790 288,306 299,223 94,866
Deferred income taxes (6,088) (12,463) 7,040 (1,563) (817)
Changes in
Accrued interest receivable (329) (1,544) (1,468) (1,337) 174
Other assets (2,931) (1,721) (1,814) 6,222 (524)
FDIC clawback liability 1,202 1,153 917 1,061 267
Accrued interest payable, fair value of derivatives and other liabilities (35,519) (441) 30,330 19,017 (62,884)
Net cash (used in) provided by operating activities 149,084 144,138 198,763 186,328 (7,370)

Investing activities

Purchase of securities available for sale (520,929) (222,711) (353,249) (278,291) (144,530)
Proceeds from sales of securities available for sale 72,436 47,309 105,190 145,934 NA
Proceeds from maturities of securities available for sale 495,495 307,090 269,284 306,514 67,468
Net increase in loans (307,813) (464,143) (553,976) (503,394) (105,771)
(Payment) reimbursement of covered losses from FDIC indemnification claims 5,284 8,914 2,127 (960) (188)
Purchase of premises and equipment (3,318) (4,978) (3,895) (15,456) (940)
Proceeds from sale of premises and equipment 5,163 2,736 3,576 741 1
Proceeds from sale of repossessed property 43,467 32,700 35,942 12,173 2,641
Purchase of FHLB stock (23,503) (16,890) (50,335) (48,295) (3,000)
Proceeds from redemption of FHLB stock 21,536 9,733 50,512 43,045 9,512
Business acquisitions, net of cash acquired NA 0 0 (15,669) NA
Net cash used in investing activities (212,182) (300,240) (494,824) (353,658) (174,807)

Financing activities

Net increase in deposits 63,693 103,972 334,885 355,001 101,663
Net increase in securities sold under agreements to repurchase (18,009) (55,875) 23,584 (149,238) 1,053
Net increase in FHLB advances and other borrowings 84,986 184,487 5,906 279,827 NA
Proceeds from issuance of subordinated notes payable, net 0 0 34,632 0 NA
Payment of related party notes payable 0 0 (41,295) 0 NA
Common stock repurchased 0 0 (60,000) 0 NA
Proceeds from FHLB advances and other borrowings NA NA NA NA 74,999
Repayments on FHLB advances and other borrowings NA NA NA NA (235,000)
Redemption of subordinated debentures NA NA NA NA (5,000)
Dividends paid (41,400) (102,000) (20,520) (31,419) (9,981)
Net cash (used in) provided by financing activities 89,270 130,584 277,192 454,171 (72,266)
Net decrease in cash and cash equivalents 26,172 (25,518) (18,869) 286,841 (254,443)
Cash and cash equivalents, beginning of period 255,985 282,157 256,639 237,770 524,611
Cash and cash equivalents, end of period 282,157 256,639 237,770 524,611 270,168

Supplemental disclosure of cash flow information

Cash payments for interest 43,832 33,570 31,150 33,456 9,246
Cash payments for income taxes 58,599 75,695 52,319 54,570 10,574

Supplemental disclosure of noncash investing and financing activities

Loans transferred to repossessed properties (28,980) (33,502) (7,636) (4,331) (1,110)
Repossessed property transferred to premises and equipment NA 0 0 (840) NA
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.