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 44,422 38,200 45,355 48,250 44,942

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

Depreciation and amortization 8,021 7,157 7,305 7,958 5,939
Provision for loan losses (1,084) (163) 5,371 5,546 2,450
Share based compensation expense 1,688 1,452 1,979 2,139 1,611
Tax benefits associated with share based compensation 0 321 350 125 700
Deferred income tax expense 3,348 808 (3) 349 163
Origination of loans held for sale (251,878) (137,339) (193,316) (196,726) (105,970)
Proceeds from sales of loans held for sale 284,291 137,131 191,232 239,705 114,474
Gains on sales of loans held for sale (4,629) (1,939) (2,861) (3,877) (2,653)
(Gains) losses on sales of other real estate owned 1,064 161 267 48 (82)
Investment securities gains (115) (5) (36) (1,932) (1,275)
Loss on sales of premises and equipment 20 NA NA NA NA
Net (increase) decrease in accrued interest receivable (140) (102) (809) (1,146) (1,456)
Net decrease in other assets 4,053 (6,866) (2,015) (5,134) (5,314)
Net increase (decrease) in accrued expenses and other liabilities (5,965) 20,166 (6,267) (2,932) 19
Other - net 13,046 (4,997) 4,628 (1,873) 3,521
Net cash provided by operating activities 96,142 53,664 50,830 90,375 57,069

Investing activities

Proceeds of other equity securities (7,051) (750) 101 (4,758) 6,241
Purchases of investments held-to-maturity (20,666) 0 (2,100) 0 NA
Purchases of investments available-for-sale (161,379) 0 (46,190) (287,211) (125,028)
Proceeds from sales of investment available-for-sale NA 0 0 40,863 2,251
Proceeds from maturities, calls and principal payments of investments held-to-maturity 11,090 3,786 12,943 5,004 0
Proceeds from maturities, calls and principal payments of investments available-for-sale 198,410 89,076 121,994 298,803 103,775
Net increase in loans (259,008) (346,373) (372,203) (469,942) (306,755)
Proceeds from the sales of other real estate owned 7,780 488 2,112 1,393 1,228
Proceeds from sales of loans previously held for investment NA NA NA NA 40,031
Acquisition of business activity, net of cash acquired NA 0 0 (1,347) 0
Expenditures for premises and equipment (2,366) (8,564) (8,572) (5,798) (4,589)
Net cash (used) in investing activities (233,190) (262,337) (291,915) (422,993) (282,846)

Financing activities

Net increase in deposits (35,809) 189,284 197,221 313,814 378,248
Net increase in retail repurchase agreements and federal funds purchased (33,087) 20,590 34,713 15,974 21,450
Proceeds from advances from FHLB 1,075,000 1,805,000 2,274,000 2,665,000 3,080,000
Repayment of advances from FHLB (865,058) (1,765,000) (2,244,000) (2,560,000) (3,237,083)
Retirement of subordinated debt NA 0 0 (5,000) (30,000)
Proceeds from issuance of common stock 153 394 487 897 1,015
Stock tendered for payment of withholding taxes NA NA NA NA (953)
Repurchase of common stock 0 (910) (22,624) (13,273) 0
Dividends paid (16,130) (19,216) (22,397) (23,676) (18,844)
Net cash provided by financing activities 125,069 230,463 217,750 393,861 193,833
Net increase (decrease) in cash and cash equivalents (11,979) 21,790 (23,335) 61,243 (31,944)
Cash and cash equivalents at beginning of period 86,406 74,427 96,217 72,882 134,125
Cash and cash equivalents at end of period 74,427 96,217 72,882 134,125 102,181

Supplemental disclosures

Interest payments 19,610 18,833 20,040 21,377 19,244
Income tax payments 20,010 15,154 21,060 22,331 22,927
Transfer of investments held-to-maturity to available-for-sale NA 0 0 203,118 0
Transfer from loans to residential mortgage loans held for sale NA 0 0 36,867 39,744
Transfer from loans to other real estate owned 2,764 2,446 1,947 637 700
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.