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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating Activities    
Net income $ 18,947 $ 19,979
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 3,734 7,600
Depreciation expense 4,309 4,057
Securities amortization, net 2,505 3,506
Stock based compensation expense 502 312
Stock portion of director retainer fee expense 282 250
Amortization of purchased intangible assets 1,413 1,345
Amortization of mortgage servicing rights 1,232 1,426
Earnings on cash surrender value of life insurance policies (1,042) (860)
(Recovery)/additional impairment of valuation allowance on mortgage servicing rights (650) 451
Prepayment penalty on FHLB advance 2,239 1,313
Securities gains, net of impairment (835) (1,367)
Loss on sale and write-down of OREO 356 385
Gain on loans sold (4,716) (4,144)
Loans originated for sale (185,631) (162,764)
Proceeds from loan sales 201,484 159,599
Change in other assets and liabilities 5,146 1,118
Net cash provided by operating activities 49,275 32,206
Investing Activities    
Purchases of securities available for sale (203,148) (177,484)
Proceeds from calls, maturities, and payments on securities available for sale 101,427 93,128
Proceeds from sales of securities available for sale 79,136 64,176
Proceeds from sale of OREO 4,441 9,519
Loan originations and payment, net (68,623) (13,605)
Purchases of premises and equipment (6,787) (2,926)
Purchase of life insurance policies (504) (10,000)
Cash paid for agency acquisition   (1,600)
Proceeds from redemption of restricted stock 9 214
Net cash used by investing activities (94,049) (38,578)
Financing Activities    
Net change in deposits (17,212) (76,882)
Net change in other borrowings (4,084) 21,944
Repayment of FHLB advances (326,000) (26,621)
Proceeds from FHLB advances 430,000 75,000
Purchase of treasury shares (204)  
Proceeds from exercise of stock options 383 120
Repurchase of preferred stock (15,100) (21,324)
Cash dividends on preferred stock (470) (1,582)
Cash dividends on common stock (4,075) (1,014)
Net cash provided/(used) by financing activities 63,238 (30,359)
Net change in cash and cash equivalents 18,464 (36,731)
Cash and cash equivalents, beginning of year 65,650 109,148
Cash and cash equivalents, end of period 84,114 72,417
Supplemental cash flow information    
Interest paid 8,028 12,222
Income tax paid 1,380 3,078
Supplemental non cash disclosure    
Loan balances transferred to foreclosed real estate $ 2,904 $ 4,125