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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net income $ 46,854 $ 43,985
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 3,000 5,117
Depreciation, amortization and accretion 5,053 5,658
Deferred income tax expense 3,794 12,237
Funding of mortgage loans held for sale (992,555) (408,863)
Proceeds from sales of mortgage loans held for sale 1,069,625 418,090
Gains on sales of mortgage loans held for sale (20,618) (6,226)
Gains on sales of securities (96) (375)
Losses (gains) on sales of premises and equipment 37 (58)
Stock-based compensation 2,739 3,162
Decrease in FDIC loss-share indemnification asset, net of accretion 5,202 10,227
Decrease in other assets 17,182 16,429
Decrease in other liabilities (11,047) (9,526)
Net cash provided by operating activities 129,170 89,857
Investing activities    
Purchases of securities available for sale (54,256) (100,129)
Proceeds from sales of securities available for sale 8,444 1,099
Proceeds from call/maturities of securities available for sale 83,488 60,202
Purchases of securities held to maturity (137,776) (154,126)
Proceeds from call/maturities of securities held to maturity 121,438 130,206
Net increase in loans (177,740) (82,319)
Purchases of premises and equipment (19,364) (12,494)
Proceeds from sales of premises and equipment 448 0
Net cash received in acquisition 35,787 0
Net cash used in investing activities (139,531) (157,561)
Financing activities    
Net increase in noninterest-bearing deposits 107,728 79,524
Net decrease in interest-bearing deposits (85,693) (157,766)
Net increase in short-term borrowings 355,063 63,363
Proceeds from long-term borrowings 42 0
Repayment of long-term debt (307,230) (7,864)
Cash paid for dividends (17,681) (16,135)
Cash received on exercise of stock-based compensation 102 401
Excess tax benefit from stock-based compensation 296 1,127
Net cash provided by (used in) financing activities 52,627 (37,350)
Net increase (decrease) in cash and cash equivalents 42,266 (105,054)
Cash and cash equivalents at beginning of period 161,583 246,648
Cash and cash equivalents at end of period 203,849 141,594
Supplemental disclosures    
Cash paid for interest 15,936 18,674
Cash paid for income taxes 10,768 9,300
Noncash transactions:    
Transfers of loans to other real estate owned 12,268 8,318
Financed sales of other real estate owned $ 1,017 $ 860