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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 39,812 $ 37,534 $ 33,087
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 5,017 5,032 4,836
Net (gain) loss on sale of other real estate owned (509) 364 478
Writedown of other real estate owned 2,166 1,059 3,454
Provision for loan losses 7,000 12,000 18,750
Deferred tax (benefit) expense (1,426) 1,440 (2,336)
Stock based compensation expense 378 405 287
Net gain on sale of bank premises and equipment (16) (3) (4)
Net gain on securities transactions (1,622) (2,161) (1,428)
Decrease (increase) in taxes receivable (38) 1,390 473
Decrease (increase) in interest receivable 554 2,200 (774)
Increase (decrease) in interest payable 19 (313) (311)
Decrease (increase) in other assets 7,047 (2,780) 4,614
Increase in accrued expenses and other liabilities 4,577 2,462 192
Total adjustments 23,147 21,095 28,231
Net cash provided by operating activities 62,959 58,629 61,318
Cash flows from investing activities:      
Proceeds from sales and calls of securities available for sale 417,204 1,204,250 1,171,945
Purchases of securities available for sale (416,617) (1,199,986) (1,207,157)
Proceeds from maturities of securities available for sale 13,060 2,462 20,243
Proceeds from calls and maturities of held to maturity securities 57,211 83,165 87,320
Purchases of held to maturity securities 0 (10,303) (111,896)
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (868) (628) (2,143)
Proceeds from redemptions of Federal Reserve Bank and Federal Home Loan Bank stock 0 0 53
Net increase in loans (243,937) (190,843) (188,776)
Proceeds from dispositions of other real estate owned 10,967 9,760 9,013
Proceeds from dispositions of bank premises and equipment 16 3 7
Purchases of bank premises and equipment (6,381) (4,265) (5,213)
Net cash used in investing activities (169,345) (106,385) (226,604)
Cash flows from financing activities:      
Net increase in deposits 122,878 68,220 181,886
Net increase in short-term borrowings 44,316 12,283 22,948
Proceeds from exercise of stock options and related tax benefits 36 0 0
Proceeds from sales of treasury stock 2,908 2,913 2,900
Net proceeds from common stock offering 0 0 67,578
Dividends paid (24,724) (24,587) (21,333)
Net cash provided by (used in) financing activities 145,414 58,829 253,979
Net increase in cash and cash equivalents 39,028 11,073 88,693
Cash and cash equivalents at beginning of period 544,016 532,943 444,250
Cash and cash equivalents at end of period 583,044 544,016 532,943
Cash paid during the year for:      
Interest paid 15,264 20,288 26,555
Income taxes paid 23,821 21,052 18,824
Non cash investing and financing activities:      
Transfer of loans to real estate owned 12,648 14,623 10,794
Transfer of building to other assets 3,189 0 0
Increase in dividends payable 34 34 1,069
Change in unrealized gain (loss) on securities available for sale - gross of deferred taxes (36,313) 7,939 7,634
Change in deferred tax effect on unrealized gain (loss) on securities available for sale, net of reclassification adjustment 14,480 (3,166) (3,045)
Amortization of net actuarial loss and prior service credit on pension and post retirement plans, gross of deferred taxes 205 44 (177)
Change in deferred tax effect of amortization of net actuarial loss and prior service credit on pension and post retirement plans (82) (18) 72
Change in overfunded position in pension and post retirement plans arising during the year 10,559 (1,244) (4,753)
Deferred tax effect of change in overfunded position of pension and post retirement benefit plans (ASC 715) $ (4,210) $ 496 $ 1,895