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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Net income $ 32,004,000 $ 32,984,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for probable loan losses 1,700,000 9,134,000
Specific reserve, other real estate owned 45,000 47,000
Depreciation of bank premises and equipment 6,227,000 6,180,000
Gain on sale of bank premises and equipment (15,000) (22,000)
(Gain) loss on sale of other real estate owned (4,000) 40,000
Accretion of investment securities discounts (120,000) (121,000)
Amortization of investment securities premiums 7,021,000 6,132,000
Investment securities transactions, net (927,000) 133,000
Impairment charges on available for sale securities   124,000
Amortization of identified intangible assets 25,000 32,000
Stock based compensation expense 268,000 285,000
Earnings from affiliates and other investments (2,890,000) (3,223,000)
Deferred tax expense 229,000 1,250,000
Increase in accrued interest receivable 2,047,000 2,022,000
Decrease in other assets 3,794,000 4,275,000
Net increase in other liabilities 14,990,000 7,100,000
Net cash provided by operating activities 64,394,000 66,372,000
Investing activities:    
Proceeds from sales and calls of available for sale securities 121,549,000 38,661,000
Purchases of available for sale securities (385,594,000) (319,660,000)
Principal collected on mortgage-backed securities 187,386,000 180,342,000
Net increase in loans (46,999,000) (159,000)
Purchases of other investments (2,903,000) (759,000)
Distributions from other investments 4,557,000 4,162,000
Purchases of bank premises and equipment (3,962,000) (4,941,000)
Proceeds from sales of bank premises and equipment 205,000 1,354,000
Proceeds from sales of other real estate owned 681,000 22,000
Net cash used in by investing activities (125,080,000) (100,978,000)
Financing activities:    
Net increase in non-interest bearing demand deposits 197,317,000 27,029,000
Net increase in savings and interest bearing demand deposits 82,579,000 97,067,000
Net decrease in time deposits (25,667,000) (46,616,000)
Net decrease in securities sold under repurchase agreements (195,208,000) (43,510,000)
Net increase (decrease) in other borrowed funds 29,625,000 (6,100,000)
Purchase of treasury stock (97,000) (7,959,000)
Proceeds from stock transactions 744,000 112,000
Net cash provided by financing activities 89,293,000 20,023,000
Increase (decrease) in cash and cash equivalents 28,607,000 (14,583,000)
Cash and cash equivalents at beginning of period 269,198,000 273,053,000
Cash and cash equivalents at end of period 297,805,000 258,470,000
Supplemental cash flow information:    
Interest paid 10,411,000 11,132,000
Income taxes paid   100,000
Non-cash investing and financing activities:    
Net transfer from loans to other real estate owned 9,000 1,161,000
Dividends declared, not yet paid on common stock $ 21,793,000 $ 19,123,000