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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows from Operating Activities    
Net income $ 8,136 $ 7,189
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses, net of change to FDIC receivable 4,368 (117)
Loss contingency 0 2,000
Provision for depreciation and amortization 890 628
Share-based compensation 955 704
Deferred taxes 2,215 1
Net amortization of investment securities premiums and discounts 177 108
Gain on sale of investment securities (2,832) 0
Gain on sale of loans (498) (50)
Origination of loans held for sale (2,819,236) (6,035,469)
Proceeds from the sale of loans held for sale 2,869,796 6,113,541
Increase in FDIC loss sharing receivable (990) (723)
Amortization (accretion) of fair value discounts (129) 41
Net loss (gain) on sales of other real estate owned 47 (29)
Valuation and other adjustments to other real estate owned 127 89
Earnings on investment in bank-owned life insurance (835) (476)
Decrease (increase) in accrued interest receivable and other assets 1,552 (176)
Increase in accrued interest payable and other liabilities 15,562 778
Net Cash Provided by Operating Activities 79,305 88,039
Cash Flows from Investing Activities    
Proceeds from maturities, calls and principal repayments of investment securities available for sale 10,264 4,902
Proceeds from sales of investment securities available for sale 187,891 0
Purchases of investment securities available for sale (149,940) (35,620)
Net increase in loans (608,672) (141,965)
Purchase of loan portfolios (288,253) (155,306)
Proceeds from sales of SBA loans 424 436
Purchases of bank-owned life insurance 0 (10,000)
Net purchases of FHLB, Federal Reserve Bank, and other restricted stock (8,006) (3,918)
Reimbursements from the FDIC on loss sharing agreements 1,297 2,370
Purchases of bank premises and equipment (207) (290)
Proceeds from sales of other real estate owned 1,376 445
Net Cash Used In Investing Activities (853,826) (338,946)
Cash Flows from Financing Activities    
Net increase in deposits 646,420 95,031
Net increase in short-term borrowed funds 185,500 101,000
Proceeds from long-term FHLB borrowings 0 50,000
Net Cash Provided by Financing Activities 831,920 246,031
Net Increase (Decrease) in Cash and Cash Equivalents 57,399 (4,876)
Cash and Cash Equivalents - Beginning 233,068 186,016
Cash and Cash Equivalents - Ending 290,467 181,140
Supplementary Cash Flows Information    
Interest paid 7,017 5,383
Income taxes paid 2,082 337
Non-cash items:    
Transfer of loans to other real estate owned 4,955 1,935
Issuance of common stock under share-based compensation arrangements 704 252
Securities purchased not settled $ 0 $ 3,421