CONDENSED PARENT COMPANY INFORMATION

12 Months Ended

Dec. 31, 2015

CONDENSED PARENT COMPANY INFORMATION [Abstract]

CONDENSED PARENT COMPANY INFORMATION

(25) CONDENSED PARENT COMPANY INFORMATION

The following condensed financial information reflects the accounts and transactions of the Company (excluding its subsidiaries) at the dates and for the years indicated:

Condensed Balance Sheets	December 31,
	2015	2014
Assets:	(In thousands)
Cash on deposit with subsidiary bank	$          86,767	$          93,270
Investment in subsidiaries	1,623,640	1,576,708
Other assets	11,237	10,404
Total assets	$     1,721,644	$     1,680,382
Liabilities and shareholders' equity:
Total liabilities	$          66,200	$          74,323
Shareholders' equity	1,655,444	1,606,059
Total liabilities and shareholders' equity	$     1,721,644	$     1,680,382

	Year Ended December 31,
Condensed Statements of Income	2015	2014	2013
	(In thousands)
Dividends from subsidiaries	$        100,000	$          60,000	$          35,000
Other operating income	1,075	585	1,775
Total income	101,075	60,585	36,775
Operating expenses	8,419	6,867	15,033
Income before tax benefit and equity in undistributed earnings	92,656	53,718	21,742
Income tax benefit	2,818	2,420	5,860
Income before equity in undistributed earnings
of subsidiaries	95,474	56,138	27,602
Equity in undistributed earnings of subsidiaries	32,017	60,612	66,513
Net income	$        127,491	$        116,750	$          94,115

	Year Ended December 31,
Condensed Statements of Cash Flows	2015	2014	2013
	(In thousands)
Operating activities:
Net income	$        127,491	$        116,750	$          94,115
Adjustments to reconcile net income
to net cash used in operating activities	(32,255)	(61,862)	(62,419)
Net cash provided by operating activities	95,236	54,888	31,696
Financing activities:
Cash dividends	(33,368)	(23,983)	(11,383)
Redemption of junior subordinated debt	-	(8,248)	(128,866)
Advance of long-term debt	-	8,000	50,000
Repayment of long-term debt	(8,373)	(8,066)	(1,786)
Common stock transactions, net	(59,998)	13,928	2,696
Net cash used in financing activities	(101,739)	(18,369)	(89,339)
(Decrease) increase  in cash and cash equivalents	(6,503)	36,519	(57,643)
Cash and cash equivalents at beginning of year	93,270	56,751	114,394
Cash and cash equivalents at end of year	$          86,767	$          93,270	$          56,751