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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 31,803 $ 32,058
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,071 3,469
Net gain on sale of other real estate owned (281) (354)
Writedown of other real estate owned 911 781
Provision for loan losses 2,350 2,400
Deferred tax expense 3,899 2,832
Net amortization of securities 3,702 4,134
Stock based compensation expense 168 144
Net gain on sale of bank premises and equipment (480) 0
Net gain on sales of securities (668) (249)
Decrease in taxes receivable 2,320 3,599
(Increase) decrease in interest receivable (610) 453
Decrease in interest payable (5) (40)
Increase in other assets (4,844) (3,400)
(Decrease) increase in accrued expenses and other liabilities (297) 2,713
Total adjustments 9,236 16,482
Net cash provided by operating activities 41,039 48,540
Cash flows from investing activities:    
Proceeds from sales and calls of securities available for sale 205,312 185,159
Proceeds from calls and maturities of held to maturity securities 8,435 10,948
Purchases of securities available for sale (250,554) (132,898)
Proceeds from maturities of securities available for sale 550 1,499
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (99) (252)
Net increase in loans (101,292) (132,594)
Proceeds from dispositions of other real estate owned 4,860 5,464
Proceeds from dispositions of bank premises and equipment 674 107
Purchases of bank premises and equipment (1,732) (2,517)
Net cash used in investing activities (133,846) (65,084)
Cash flows from financing activities:    
Net increase in deposits 67,860 64,552
Net decrease in short-term borrowings (12,022) (4,711)
Proceeds from exercise of stock options and related tax benefits 760 99
Proceeds from sale of treasury stock 1,958 2,021
Purchases of treasury stock (701) (99)
Dividends paid (18,776) (18,694)
Net cash provided by financing activities 39,079 43,168
Net increase in cash and cash equivalents (53,728) 26,624
Cash and cash equivalents at beginning of period 718,156 671,448
Cash and cash equivalents at end of period 664,428 698,072
Cash paid during the year for:    
Interest paid 11,594 12,348
Income taxes paid 16,944 14,859
Other non cash items:    
Transfer of loans to other real estate owned 3,803 5,343
Increase in dividends payable 23 16
Change in unrealized gain on securities available for sale-gross of deferred taxes 11,807 5,433
Change in deferred tax effect on unrealized gain on securities available for sale (4,723) (2,171)
Amortization of net actuarial loss and prior service credit on pension and postretirement plans 42 121
Change in deferred tax effect of amortization of net actuarial loss and prior service credit $ (17) $ (48)