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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income $ 11,011 $ 9,168
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,231 1,282
Net loss (gain) on sale of other real estate owned 39 (63)
Writedown of other real estate owned 635 157
Net gain on sale of building held for sale (1,556) 0
Provision for loan losses 1,500 2,000
Deferred tax expense 1,663 558
Stock based compensation expense 87 88
Net gain on sale of bank premises and equipment (1) (16)
Net gain on sales and calls of securities (6) (2)
Increase in taxes receivable (4,950) (2,525)
Decrease (increase) in interest receivable 255 (723)
Increase in interest payable 3 7
Increase in other assets (2,992) (530)
Decrease in accrued expenses and other liabilities (4,087) (1,623)
Total adjustments (8,179) (1,390)
Net cash provided by operating activities 2,832 7,778
Cash flows from investing activities:    
Proceeds from sales and calls of securities available for sale 141,322 108,997
Proceeds from calls and maturities of held to maturity securities 4,079 25,453
Purchases of securities available for sale (15,405) (287,328)
Proceeds from maturities of securities available for sale 4,000 10,000
Net increase in loans (37,822) (24,457)
Net proceeds from sale of building held for sale 4,745 0
Proceeds from dispositions of other real estate owned 1,930 1,898
Proceeds from dispositions of bank premises and equipment 35 16
Purchases of bank premises and equipment (1,550) (830)
Net cash used in investing activities 101,334 (166,251)
Cash flows from financing activities:    
Net increase in deposits 60,147 53,487
Net (decrease) increase in short-term borrowings (8,751) 11,173
Proceeds from sale of treasury stock 723 735
Dividends paid (6,199) (6,164)
Net cash provided by financing activities 45,920 59,231
Net increase (decrease) in cash and cash equivalents 150,086 (99,242)
Cash and cash equivalents at beginning of period 583,044 544,016
Cash and cash equivalents at end of period 733,130 444,774
Cash paid during the year for:    
Interest paid 3,787 3,858
Income taxes paid 12,120 8,065
Other non cash items:    
Transfer of loans to other real estate owned 3,450 3,154
Transfer of other real estate owned to fixed assets 568 0
Increase in dividends payable 7 9
Change in unrealized gain (loss) on securities available for sale - gross of deferred taxes 7,449 (2,941)
Change in deferred tax effect on unrealized gain (loss) on securities available for sale (3,026) 1,173
Amortization of net actuarial loss and prior service credit on pension and postretirement plans (117) 66
Change in deferred tax effect of amortization of net actuarial loss and prior service credit $ 45 $ (25)