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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Operating Activities:          
Net income $ 39,713 $ 30,868 $ 71,979 $ 59,312  
Adjustment to reconcile net income to net cash provided by operating activities:          
Provision for credit losses (5,000)   (10,000)    
Depreciation and amortization     13,411 13,569  
Deferred taxes       (1,939)  
Amortization of intangibles 1,061 1,148 2,093 2,206  
Amortization of debt securities premium and discount, net     6,503 6,724  
Share-based compensation expense     3,904 1,089  
Security gains, net (41) (5) (55) (1)  
Net deferred loan origination expense     (3,295) (3,427)  
Excess tax benefit from exercise of stock options     702 1,216  
(Increase) decrease in interest receivable     920 1,453  
Increase (decrease) in interest payable     94 (910)  
Realized gain on mortgages sold     (21,672) (15,477)  
Proceeds from mortgages sold     687,076 496,915  
Origination of mortgages held for sale     (728,269) (488,120)  
Loss on other real estate owned, net     2,634 5,587  
Increase in bank-owned life insurance     (3,649) (3,733)  
Decrease in prepaid pension asset       2,829  
Other, net     12,949 17,352  
Net cash provided by operating activities     35,325 94,645  
Investing activities:          
Proceeds from calls and maturities of available-for-sale securities     151,206 275,038  
Proceeds from sales of available-for-sale securities     1,110    
Purchases of available-for-sale securities     (261,356) (125,055)  
Net (increase) decrease in loans and leases     (290,005) (395,544)  
Purchases of premises and equipment     (12,818) (8,905)  
Proceeds from sale of premises and equipment     139 219  
Purchase of bank-owned life insurance, net of proceeds from death benefits     2,742 1,206  
Acquisition of Insurance Agency       (5,060)  
Proceeds from sale of other real estate owned, net     11,468 17,348  
Other, net     (12) (12)  
Net cash used in investing activities     (397,526) (240,765)  
Financing activities:          
Net increase (decrease) in deposits     162,622 (103,422)  
Net increase (decrease) in short-term debt and other liabilities     76,806 (26,590)  
Advances of long-term debt       8,000  
Repayment of advances of long-term debt     (4,186) (3,879)  
Redemption of Junior Subordinated Debt       (8,248)  
Issuance of common stock     5,168 9,461  
Repurchase of common stock     (2,288) (675)  
Excess tax benefit from exercise of stock options     (702) (1,216)  
Payment of cash dividends     (14,490) (9,589)  
Net cash (used in) provided by financing activities     222,930 (136,158)  
Increase (decrease) in cash and cash equivalents     (139,271) (282,278)  
Cash and cash equivalents at beginning of period     357,250 528,423 $ 528,423
Cash and cash equivalents at end of period $ 217,979 $ 246,145 $ 217,979 $ 246,145 $ 357,250