As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q2 YTD 6/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q2 YTD 6/30/2018 USD

Operating activities

Net income 38,200 45,355 48,250 53,209 46,064

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

Depreciation and amortization 7,157 7,305 7,958 7,976 6,099
Provision for loan losses (163) 5,371 5,546 2,977 3,730
Stock based compensation expense 1,452 1,979 2,139 2,164 1,250
Tax benefits associated with share based compensation NA 350 125 1,809 252
Deferred income tax expense/(benefit) 808 (3) 349 6,089 2,358
Origination of loans held for sale (137,339) (193,316) (196,726) (142,877) (186,777)
Proceeds from sales of loans held for sale 137,131 191,232 239,705 149,367 186,211
Gains on sales of loans held for sale (1,939) (2,861) (3,877) (3,403) (3,674)
(Gains)/losses on sales of other real estate owned 161 267 48 (68) 106
Investment securities gains (5) (36) (1,932) (1,273) (63)
Net increase in accrued interest receivable (102) (809) (1,146) (891) (1,211)
Net increase in other assets (6,866) (2,015) (5,134) (9,829) (443)
Net decrease in accrued expenses and other liabilities 20,166 (6,267) (2,932) (1,007) (2,239)
Other - net (4,997) 4,628 (1,873) 5,174 2,712
Net cash provided by operating activities 53,664 51,180 90,500 69,417 54,375

Investing activities

(Purchases)/Proceeds of other equity securities (750) 101 (4,758) 576 (12,027)
Purchases of investments held-to-maturity 0 (2,100) 0 0 NA
Purchases of investments available-for-sale 0 (46,190) (287,211) (125,028) (497)
Proceeds from sales of investment available-for-sale 0 0 40,863 2,251 994
Proceeds from maturities, calls and principal payments of investments held-to-maturity 3,786 12,943 5,004 0 NA
Proceeds from maturities, calls and principal payments of investments available-for-sale 89,076 121,994 298,803 123,762 52,798
Net increase in loans (346,373) (372,203) (469,942) (427,773) (315,872)
Proceeds from the sales of other real estate owned 488 2,112 1,393 1,275 676
Proceeds from sale of loans held for investment NA 0 0 40,031 NA
Proceeds from sales of loans previously held for investment NA NA NA NA 59,945
Acquisition of business activity, net of cash paid 0 0 (1,347) 0 32,552
Expenditures for premises and equipment (8,564) (8,572) (5,798) (7,441) (6,788)
Net cash used in investing activities (262,337) (291,915) (422,993) (392,347) (188,219)

Financing activities

Net increase in deposits 189,284 197,221 313,814 386,118 263,322
Net increase in retail repurchase agreements and federal funds purchased 20,590 34,713 15,974 (5,760) 13,402
Proceeds from advances from FHLB 1,805,000 2,274,000 2,665,000 3,965,000 3,920,000
Repayment of advances from FHLB (1,765,000) (2,244,000) (2,560,000) (3,989,167) (3,861,413)
Retirement of subordinated debt 0 0 (5,000) (30,000) 0
Proceeds from issuance of common stock 394 1,174 1,580 1,200 829
Tax benefits associated with shared based compensation 321 NA NA NA NA
Stock rendered for payment of withholding taxes NA (687) (683) (952) NA
Repurchase of Common Stock (910) (22,624) (13,273) 0 NA
Stock tendered for payment of withholding taxes NA NA NA NA (760)
Dividends paid (19,216) (22,397) (23,676) (25,134) (19,268)
Net cash provided by financing activities 230,463 217,400 393,736 301,305 316,112
Net increase (decrease) in cash and cash equivalents 21,790 (23,335) 61,243 (21,625) 182,268
Cash and cash equivalents at beginning of period 74,427 96,217 72,882 134,125 112,500
Cash and cash equivalents at end of period 96,217 72,882 134,125 112,500 294,768

Supplemental disclosures

Interest payments 18,833 20,040 21,377 26,377 26,587
Income tax payments 15,154 21,060 22,331 31,738 11,598
Transfers of investments from held-to-maturity to available-for-sale 0 0 203,118 0 NA
Transfer from loans to residential mortgage loans held for sale 0 0 36,867 39,744 60,043
Transfer from loans to other real estate owned 2,446 1,947 637 1,588 289
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.