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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES    
Net income $ 53,733 $ 49,658
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 12,379 6,473
Provision for unfunded loan commitments 90 687
Depreciation, amortization and accretion 2,858 (6)
Net amortization of discounts and premiums on securities 2,816 2,682
Stock-based compensation expense 1,862 1,158
Securities losses, net 0 34
Tax benefit from stock-based compensation 0 (53)
Mortgage loans originated for sale (75,505) (81,966)
Proceeds from the sale of mortgage loans 77,009 71,872
Gain on the sale of mortgage loans, net (1,154) (730)
Gain on the sale of credit card portfolio (2,066) 0
Pension plan curtailment gain (1,017) 0
Net increase in interest receivable (4,019) (2,280)
Net increase (decrease) in interest payable 1,117 (637)
Net decrease in other assets 702 13,216
Net increase in other liabilities 3,586 1,531
Net Cash Provided by Operating Activities 72,391 61,639
INVESTING ACTIVITIES    
Purchases of securities available-for-sale (53,282) (54,465)
Proceeds from maturities, prepayments and calls of securities available-for-sale 52,049 36,680
Proceeds from sales of securities available-for-sale 0 11,119
Net purchases of Federal Home Loan Bank stock (5,298) (3,535)
Net increase in loans (406,370) (276,282)
Proceeds from sale of loans not originated for resale 8,433 2,804
Purchases of premises and equipment (2,744) (3,737)
Proceeds from the sale of premises and equipment 20 264
Proceeds from the sale of credit card portfolio 25,019 0
Net cash paid in excess of cash acquired from bank merger 0 (16,347)
Net Cash Used in Investing Activities (382,173) (303,499)
FINANCING ACTIVITIES    
Net increase in deposits 169,751 259,725
Net increase (decrease) in certificates of deposit 99,612 (12,399)
Net (decrease) increase in securities sold under repurchase agreements (21,138) 12,366
Net increase (decrease) in short-term borrowings 209,000 (78,660)
Proceeds from long-term borrowings 0 100,000
Repayments of long-term borrowings (101,740) (1,829)
Repayment of junior subordinated debt 0 (13,500)
Treasury shares issued-net (115) (111)
Common stock issuance costs 0 (132)
Cash dividends paid to common shareholders (19,824) (17,886)
Tax benefit from stock-based compensation 0 53
Net Cash Provided by Financing Activities 335,546 247,627
Net increase in cash and cash equivalents 25,764 5,767
Cash and cash equivalents at beginning of period 99,399 109,580
Cash and Cash Equivalents at End of Period 125,163 115,347
Supplemental Disclosures    
Loans transferred from held for sale to portfolio 1,540 0
Interest paid 16,761 11,853
Income taxes paid, net of refunds 17,974 15,675
Net assets acquired from bank merger, excluding cash and cash equivalents 0 43,433
Transfers of loans to other real estate owned $ 581 $ 628