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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES    
Net income $ 43,414 $ 38,680
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 608 6,749
Provision for unfunded loan commitments (262) 143
Depreciation and amortization 3,510 4,320
Net amortization of discounts and premiums 2,800 2,757
Stock-based compensation expense 594 508
Securities gains, net (41) (5)
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 (28,652) (55,702)
Proceeds from the sale of loans 27,894 77,540
Gain on the sale of loans, net (232) (776)
Net increase in interest receivable (604) (21)
Net decrease in interest payable (423) (2,230)
Net decrease in other assets 10,749 21,543
Net decrease in other liabilities (897) (22,543)
Net Cash Provided by Operating Activities 58,458 67,917
INVESTING ACTIVITIES    
Purchases of securities available-for-sale (149,268) (102,419)
Proceeds from maturities, prepayments and calls of securities available-for-sale 46,662 50,177
Proceeds from sales of securities available-for-sale 1,418 94
Net (payments for) proceeds from Federal Home Loan Bank stock (5,366) 265
Net increase in loans (244,836) (177,433)
Proceeds from sale of loans not originated for resale 5,408 0
Purchases of premises and equipment (3,220) (2,599)
Proceeds from the sale of premises and equipment 98 625
Proceeds from the sale of merchant card servicing business 0 4,750
Net Cash Used in Investing Activities (349,104) (226,540)
FINANCING ACTIVITIES    
Net increase in core deposits 176,182 41,570
Net increase in certificates of deposit 52,491 13,785
Net decrease in securities sold under repurchase agreements (10,763) (29,292)
Net increase in short-term borrowings 125,000 100,000
Repayments of long-term borrowings (1,768) (11,711)
Repayment of junior subordinated debt 0 (45,000)
Treasury shares issued-net (163) (86)
Cash dividends paid to common shareholders (14,858) (13,379)
Tax expense from stock-based compensation 0 (47)
Net Cash Provided by Financing Activities 326,121 55,840
Net increase (decrease) in cash and cash equivalents 35,475 (102,783)
Cash and cash equivalents at beginning of period 108,356 337,711
Cash and Cash Equivalents at End of Period 143,831 234,928
Supplemental Disclosures    
Loans transferred to held for sale 1,300 0
Interest paid 9,590 13,668
Income taxes paid, net of refunds 12,900 8,130
Transfers of loans to other real estate owned $ 430 $ 493