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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net income $ 30,634 $ 28,450
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 2,250 2,900
Depreciation, amortization and accretion 2,687 8,895
Deferred income tax expense 5,918 5,775
Funding of mortgage loans held for sale (407,893) (254,578)
Proceeds from sales of mortgage loans held for sale 335,538 263,791
Gains on sales of mortgage loans held for sale (10,040) (3,591)
Gains on sales of securities (96) 0
Losses (gains) on sales of premises and equipment 19 (14)
Stock-based compensation 1,720 1,818
Decrease in FDIC loss-share indemnification asset, net of accretion 3,623 5,390
Decrease (increase) in other assets 12,084 (6,534)
(Decrease) increase in other liabilities (8,887) 7,106
Net cash (used in) provided by operating activities (32,443) 59,408
Investing activities    
Purchases of securities available for sale (29,066) (100,129)
Proceeds from sales of securities available for sale 1,213 0
Proceeds from call/maturities of securities available for sale 51,461 37,319
Purchases of securities held to maturity (119,766) (151,836)
Proceeds from call/maturities of securities held to maturity 109,817 124,798
Net increase in loans (48,164) (82,399)
Purchases of premises and equipment (11,194) (5,675)
Net cash used in investing activities (45,699) (177,922)
Financing activities    
Net increase in noninterest-bearing deposits 52,800 46,746
Net decrease in interest-bearing deposits (774) (1,927)
Net increase in short-term borrowings 31,826 23,222
Repayment of long-term debt (1,836) (5,460)
Cash paid for dividends (10,800) (10,753)
Cash received on exercise of stock-based compensation 73 281
Excess tax benefit from stock-based compensation 232 977
Net cash provided by financing activities 71,521 53,086
Net decrease in cash and cash equivalents (6,621) (65,428)
Cash and cash equivalents at beginning of period 161,583 246,648
Cash and cash equivalents at end of period 154,962 181,220
Supplemental disclosures    
Cash paid for interest 10,586 12,481
Cash paid for income taxes 5,994 9,300
Noncash transactions:    
Transfers of loans to other real estate owned 6,930 6,029
Financed sales of other real estate owned $ 637 $ 634