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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES    
Net income $ 31,023 $ 28,753
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 3,266 (845)
Provision for unfunded loan commitments 605 182
Depreciation, amortization and accretion 388 2,309
Net amortization of discounts and premiums on securities 1,802 1,898
Stock-based compensation expense 769 395
Securities losses (gains), net 34 (41)
Tax benefit from stock-based compensation (29) 0
Mortgage loans originated for sale (52,075) (13,057)
Proceeds from the sale of loans 42,008 13,475
Gain on the sale of loans, net (597) (85)
Net increase in interest receivable (2,542) (243)
Net decrease in interest payable (475) (186)
Net decrease in other assets 1,854 10,016
Net (decrease) increase in other liabilities (811) 1,199
Net Cash Provided by Operating Activities 25,220 43,770
INVESTING ACTIVITIES    
Purchases of securities available-for-sale (54,754) (108,845)
Proceeds from maturities, prepayments and calls of securities available-for-sale 26,096 36,343
Proceeds from sales of securities available-for-sale 11,119 1,418
Net purchases of Federal Home Loan Bank stock (334) (2,189)
Net increase in loans (141,911) (169,209)
Proceeds from sale of loans not originated for resale 0 4,108
Purchases of premises and equipment (2,465) (1,719)
Proceeds from the sale of premises and equipment 27 64
Net cash paid in excess of cash acquired from bank merger (16,347) 0
Net Cash Used in Investing Activities (178,569) (240,029)
FINANCING ACTIVITIES    
Net increase in core deposits 297,340 141,888
Net (decrease) increase in certificates of deposit (68,397) 50,972
Net increase (decrease) in securities sold under repurchase agreements 15,630 (8,578)
Net (decrease) increase in short-term borrowings (127,686) 45,000
Proceeds from long-term borrowings 100,000 0
Repayments of long-term borrowings (1,214) (1,174)
Repayment of junior subordinated debt (13,500) 0
Treasury shares issued-net (111) (160)
Issuance costs (132) 0
Cash dividends paid to common shareholders (11,608) (9,810)
Tax benefit from stock-based compensation 29 0
Net Cash Provided by Financing Activities 190,351 218,138
Net increase in cash and cash equivalents 37,002 21,879
Cash and cash equivalents at beginning of period 109,580 108,356
Cash and Cash Equivalents at End of Period 146,582 130,235
Supplemental Disclosures    
Loans transferred to held for sale 0 1,300
Interest paid 7,619 6,278
Income taxes paid, net of refunds 9,275 8,400
Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed) 43,433  
Net assets acquired from bank merger, excluding cash and cash equivalents   0
Transfers of loans to other real estate owned $ 137 $ 274