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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net income $ 37,476 $ 40,582
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion and amortization 436 (3,612)
Provision for loan losses 3,093 4,175
Depreciation 4,719 4,549
Deferred income tax expense 3,998 3,479
Net periodic employee benefit cost 386 625
Realized investment securities gains 3,978 2,130
Investment securities impairment losses 465 0
Stock-compensation expense 1,606 1,430
Proceeds from bank-owned life insurance 0 435
Increase in value of bank-owned life insurance (2,374) (2,476)
Loans originated for sale (11,537) (13,994)
Proceeds from the sale of loans originated for sale 11,637 14,533
Gain on sale of loans (268) (279)
Gain on sale of insurance division 0 (11,084)
Change in accrued interest receivable (554) (864)
Impairment of Long-Lived Assets to be Disposed of 444 1,449
Change in other assets (14,068) (288)
Change in other liabilities 16,338 7,805
Net Cash Provided by Operating Activities 47,819 44,335
Investing Activities    
Proceeds from sales of securities available-for-sale 30,850 290
Proceeds from maturities and calls of securities available-for-sale 55,565 45,158
Proceeds from maturities and calls of securities held-to-maturity 9,194 10,640
Purchases of securities available-for-sale (141,271) (91,190)
Net increase in loans (96,007) (43,411)
Purchases of premises and equipment (3,553) (1,729)
Disposals of premises and equipment 408 133
Proceeds from sale of insurance division 0 15,250
Net Cash Used in Investing Activities (144,814) (64,859)
Financing Activities    
Net increase (decrease) in non-interest-bearing deposits 48,792 (3,288)
Net increase (decrease) in interest-bearing deposits 46,963 (3,489)
Net increase in short-term borrowings 24,515 12,105
Purchases of treasury stock (10,018) 0
Proceeds from exercise of stock options, net of tax benefit 705 2,649
Proceeds from exercise of warrants 0 1,896
Dividends paid (19,266) (18,869)
Net Cash Provided by (Used in) Financing Activities 91,691 (8,996)
Decrease in Cash and Cash Equivalents (5,304) (29,520)
Cash and cash equivalents at beginning of period 70,113 148,228
Cash and Cash Equivalents at End of Period $ 64,809 $ 118,708