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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 42,238 $ 44,193 $ 39,812
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 4,554 4,776 5,017
Net gain on sale of other real estate owned (373) (2,599) (509)
Writedown of other real estate owned 1,143 1,967 2,166
Net gain on sale of building held for sale 0 (1,556) 0
Provision for loan losses 3,700 5,100 7,000
Deferred tax expense (benefit) 3,011 2,964 (1,426)
Net amortization of securities 5,486 5,458 6,930
Stock based compensation expense 204 325 378
Net gain on sale of bank premises and equipment 0 (1) (16)
Net gain on securities transactions (251) (717) (1,622)
Decrease (increase) in taxes receivable 3,510 723 (38)
Decrease in interest receivable 538 398 554
Increase (decrease) in interest payable (47) 80 19
Decrease (increase) in other assets (4,168) (7,239) 7,047
Increase in accrued expenses and other liabilities 463 1,123 4,577
Total adjustments 17,770 10,802 30,077
Net cash provided by operating activities 60,008 54,995 69,889
Cash flows from investing activities:      
Proceeds from sales and calls of securities available for sale 254,955 321,074 417,204
Purchases of securities available for sale (189,823) (126,113) (423,547)
Proceeds from maturities of securities available for sale 4,025 11,206 13,060
Proceeds from calls and maturities of held to maturity securities 14,481 15,269 57,211
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (252) (451) (868)
Proceeds from redemptions of Federal Reserve Bank and Federal Home Loan Bank stock 0 1,723 0
Net increase in loans (148,532) (266,630) (243,937)
Net proceeds from sale of building held for sale 0 4,745 0
Proceeds from dispositions of other real estate owned 7,511 12,972 10,967
Proceeds from dispositions of bank premises and equipment 112 139 16
Purchases of bank premises and equipment (3,744) (8,497) (6,381)
Net cash used in investing activities (61,267) (34,563) (176,275)
Cash flows from financing activities:      
Net increase in deposits 68,137 105,170 122,878
Net increase (decrease) in short-term borrowings 2,110 (15,046) 44,316
Proceeds from exercise of stock options and related tax benefits 147 131 36
Proceeds from sales of treasury stock 2,670 2,850 2,908
Purchases of treasury stock (147) (282) 0
Dividends paid (24,950) (24,851) (24,724)
Net cash provided by financing activities 47,967 67,972 145,414
Net increase in cash and cash equivalents 46,708 88,404 39,028
Cash and cash equivalents at beginning of period 671,448 583,044 544,016
Cash and cash equivalents at end of period 718,156 671,448 583,044
Cash paid during the year for:      
Interest paid 16,244 15,408 15,264
Income taxes paid 21,005 26,727 23,821
Non cash investing and financing activities:      
Transfer of loans to real estate owned 8,295 10,620 12,648
Transfer of other real estate owned to fixed assets 0 568 0
Transfer of building to other assets 0 0 3,189
Increase in dividends payable 24 29 34
Change in unrealized gain (loss) on securities available for sale - gross of deferred taxes (1,330) 23,913 (36,313)
Change in deferred tax effect on unrealized gain (loss) on securities available for sale, net of reclassification adjustment 531 (9,528) 14,480
Amortization of net actuarial loss and prior service credit on pension and post retirement plans, gross of deferred taxes 160 (98) 205
Change in deferred tax effect of amortization of net actuarial loss and prior service credit on pension and post retirement plans (63) 38 (82)
Change in overfunded portion of pension and post retirement benefit plans (ASC 715) - gross of deferred taxes 711 (8,367) 10,559
Deferred tax effect of change in overfunded portion of pension and post retirement benefit plans (ASC 715) $ (281) $ 3,336 $ (4,210)