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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 21,216 $ 15,240
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,800 1,075
Depreciation, amortization and accretion 739 3,772
Deferred income tax expense 2,832 6,408
Funding of mortgage loans held for sale (458,500) (185,595)
Proceeds from sales of mortgage loans held for sale 391,552 113,076
Gains on sales of mortgage loans held for sale (5,847) (4,633)
Loss on sales of securities 71 0
Losses on sales of premises and equipment 5 4
Stock-based compensation 859 864
Decrease in FDIC loss-share indemnification asset, net of accretion 1,067 2,213
Decrease (increase) in other assets 11,827 (483)
Decrease in other liabilities (8,298) (14,432)
Net cash used in operating activities (40,677) (62,491)
Investing activities    
Purchases of securities available for sale (32,396) (13,651)
Proceeds from sales of securities available for sale 4 0
Proceeds from call/maturities of securities available for sale 29,803 24,814
Purchases of securities held to maturity (5,785) (54,824)
Proceeds from call/maturities of securities held to maturity 15,193 13,922
Net (increase) decrease in loans (157,198) 30,542
Purchases of premises and equipment (2,656) (5,924)
Proceeds from sales of other assets 3,611 8,147
Net cash (used in) provided by investing activities (149,424) 3,026
Financing activities    
Net increase in noninterest-bearing deposits 106,166 39,479
Net increase in interest-bearing deposits 106,105 64,872
Net decrease in short-term borrowings (8,024) (25,671)
Repayment of long-term debt (938) (978)
Cash paid for dividends (6,892) (5,398)
Cash received on exercise of stock-based compensation 382 28
Excess tax benefit (expense) from stock-based compensation 214 (71)
Net cash provided by financing activities 197,013 72,261
Net increase in cash and cash equivalents 6,912 12,796
Cash and cash equivalents at beginning of period 211,571 161,583
Cash and cash equivalents at end of period 218,483 174,379
Supplemental disclosures    
Cash paid for interest 6,297 5,663
Cash paid for income taxes 5,460 1,368
Noncash transactions:    
Transfers of loans to other real estate owned 1,954 5,559
Financed sales of other real estate owned 92 480
Transfers of loans held for sale to loan portfolio $ 6,610 $ 0