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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flow From Operating Activities:    
Net income $ 51,207 $ 44,902
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 417 1,600
Depreciation and amortization 4,707 4,505
Change in deferred taxes 19,282 17,026
Share-based compensation 1,687 1,611
Tax benefit from stock options exercised (70) (60)
Loans originated for sale (286,414) (149,001)
Proceeds from sales of loans 291,706 $ 147,909
Gain on sale of insurance subsidiary (8,265)
Gain on cancellation of subordinated debentures (1,250)
Gains on sales of securities available for sale (2,047) $ (2,335)
Change in interest receivable (1,772) (783)
Change in interest payable 480 2,048
Other adjustments (15,618) (15,009)
Net cash provided by operating activities 54,050 52,413
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits 21,331 30,898
Purchases of:    
Securities available for sale (166,645) (114,563)
Securities held to maturity (55,415) (114,821)
Proceeds from sales of securities available for sale 70,114 47,722
Proceeds from maturities of:    
Securities available for sale 47,664 47,096
Securities held to maturity 69,629 51,029
Change in Federal Reserve and Federal Home Loan Bank stock 7,710 (4,137)
Net change in loans (296,602) $ (159,559)
Net cash and cash equivalents paid in acquisition (12,004)
Net cash received from sale of insurance subsidiary 15,155
Proceeds from the sale of other real estate owned 8,294 $ 11,860
Other adjustments 1,264 7,367
Net cash used in investing activities (289,505) (197,108)
Net change in :    
Demand and savings deposits 106,597 (47,610)
Certificates of deposit and other time deposits (38,028) 126,265
Borrowings 414,197 386,643
Repayment of borrowings (270,497) (348,357)
Cash dividends on common stock (11,448) (7,650)
Stock issued under employee benefit plans 351 376
Stock issued under dividend reinvestment and stock purchase plans 487 380
Stock options exercised 1,422 450
Tax benefit from stock options exercised 70 60
Stock redeemed (1,635) (1,059)
Net cash provided by financing activities 201,516 109,498
Net Change in Cash and Cash Equivalents (33,939) (35,197)
Cash and Cash Equivalents, January 1 118,616 109,434
Cash and Cash Equivalents, September 30 84,677 74,237
Additional cash flow information:    
Interest paid 17,845 13,901
Income tax paid 15,000 4,409
Loans transferred to other real estate owned 3,244 3,807
Fixed assets transferred to other real estate owned 1,166 297
Non-cash investing activities using trade date accounting 3,332 6,502
In conjunction with the acquisition, liabilities were assumed as follows:    
Fair value of assets acquired 141,724  
Cash received (paid) in acquisition (14,500)  
Less: Common stock issued 0  
Liabilities assumed $ 127,224 $ 0