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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net income $ 28,753 $ 26,433
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses (845) 3,330
Provision for unfunded loan commitments 182 302
Depreciation and amortization 2,309 3,061
Net amortization of discounts and premiums 1,898 1,776
Stock-based compensation expense 395 254
Securities gains, net (41) (2)
Net gain on sale of merchant card servicing business 0 (3,093)
Tax expense from stock-based compensation 0 47
Mortgage loans originated for sale (13,057) (37,706)
Proceeds from the sale of loans 13,475 57,667
Gain on the sale of loans, net (85) (647)
Net increase in interest receivable (243) (1,222)
Net decrease in interest payable (186) (1,241)
Net decrease in other assets 10,016 17,243
Net increase (decrease) in other liabilities 1,199 (20,981)
Net Cash Provided by Operating Activities 43,770 45,221
INVESTING ACTIVITIES    
Purchases of securities available-for-sale (108,845) (66,495)
Proceeds from maturities, prepayments and calls of securities available-for-sale 36,343 23,240
Proceeds from sales of securities available-for-sale 1,418 94
Net (payments for) proceeds from Federal Home Loan Bank stock (2,189) 1,356
Net increase in loans (169,209) (103,846)
Proceeds from sale of loans not originated for resale 4,108 0
Purchases of premises and equipment (1,719) (1,400)
Proceeds from the sale of premises and equipment 64 576
Proceeds from the sale of merchant card servicing business 0 4,750
Net Cash Used in Investing Activities (240,029) (141,725)
FINANCING ACTIVITIES    
Net increase (decrease) in core deposits 141,888 (26,999)
Net increase in certificates of deposit 50,972 36,842
Net (decrease) increase in securities sold under repurchase agreements (8,578) 11,569
Net increase in short-term borrowings 45,000 50,000
Repayments of long-term borrowings (1,174) (11,136)
Repayment of junior subordinated debt 0 (45,000)
Treasury shares purchased-net (160) (86)
Cash dividends paid to common shareholders (9,810) (8,918)
Tax expense from stock-based compensation 0 (47)
Net Cash Provided by Financing Activities 218,138 6,225
Net increase (decrease) in cash and cash equivalents 21,879 (90,279)
Cash and cash equivalents at beginning of period 108,356 337,711
Cash and Cash Equivalents at End of Period 130,235 247,432
Supplemental Disclosures    
Loans transferred to held for sale 1,300 0
Interest paid 6,278 9,372
Income taxes paid, net of refunds 8,400 5,155
Transfers of loans to other real estate owned $ 274 $ 180