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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES    
Net income $ 49,658 $ 43,414
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 6,473 608
Provision for unfunded loan commitments 687 (262)
Depreciation, amortization and accretion (6) 3,510
Net amortization of discounts and premiums on securities 2,682 2,800
Stock-based compensation expense 1,158 594
Securities losses (gains), net 34 (41)
Tax benefit from stock-based compensation (53) 0
Mortgage loans originated for sale (81,966) (28,652)
Proceeds from the sale of mortgage loans 71,872 27,894
Gain on the sale of mortgage loans, net (730) (232)
Net increase in interest receivable (2,280) (604)
Net decrease in interest payable (637) (423)
Net decrease in other assets 13,216 10,749
Net increase (decrease) in other liabilities 1,531 (897)
Net Cash Provided by Operating Activities 61,639 58,458
INVESTING ACTIVITIES    
Purchases of securities available-for-sale (54,465) (149,268)
Proceeds from maturities, prepayments and calls of securities available-for-sale 36,680 46,662
Proceeds from sales of securities available-for-sale 11,119 1,418
Net purchases of Federal Home Loan Bank stock (3,535) (5,366)
Net increase in loans (276,282) (244,836)
Proceeds from sale of loans not originated for resale 2,804 5,408
Purchases of premises and equipment (3,737) (3,220)
Proceeds from the sale of premises and equipment 264 98
Net cash paid in excess of cash acquired from bank merger (16,347) 0
Net Cash Used in Investing Activities (303,499) (349,104)
FINANCING ACTIVITIES    
Net increase in core deposits 259,725 176,182
Net (decrease) increase in certificates of deposit (12,399) 52,491
Net increase (decrease) in securities sold under repurchase agreements 12,366 (10,763)
Net (decrease) increase in short-term borrowings (78,660) 125,000
Proceeds from long-term borrowings 100,000 0
Repayments of long-term borrowings (1,829) (1,768)
Repayment of junior subordinated debt (13,500) 0
Treasury shares issued-net (111) (163)
Common stock issuance costs (132) 0
Cash dividends paid to common shareholders (17,886) (14,858)
Tax benefit from stock-based compensation 53 0
Net Cash Provided by Financing Activities 247,627 326,121
Net increase in cash and cash equivalents 5,767 35,475
Cash and cash equivalents at beginning of period 109,580 108,356
Cash and Cash Equivalents at End of Period 115,347 143,831
Supplemental Disclosures    
Loans transferred to held for sale 0 1,300
Interest paid 11,853 9,590
Income taxes paid, net of refunds 15,675 12,900
Net assets acquired from bank merger, excluding cash and cash equivalents 43,433 0
Transfers of loans to other real estate owned $ 628 $ 430