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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net Income $ 25,123 $ 29,636
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 4,559 2,680
Depreciation of premises and equipment, net 3,054 2,982
Amortization of fees and discounts, net 7,173 4,552
Amortization of intangible assets 787 546
Increase in accrued interest receivable (490) (206)
Decrease in other assets 271 220
Origination of loans held-for-sale (185,543) (105,844)
Proceeds from sales of loans held-for-sale 168,397 101,976
Gain on mortgage banking activities, net (3,293) (1,837)
Gain on sale of securities, net (928) (943)
Stock-based compensation expense 2,345 2,242
Excess tax benefit from stock-based compensation (681) (478)
Increase in accrued interest payable 875 1,543
Increase (decrease) in other liabilities 1,582 (788)
Loss on sale of assets acquired through foreclosure and valuation adjustments, net 201 56
Deferred income tax expense (benefit) 1,836 (5,722)
Increase in value of bank-owned life insurance (430) (282)
Increase in capitalized interest, net (2,405) (2,785)
Net cash provided by operating activities 22,433 27,548
Investing activities:    
Calls of investment securities held to maturity 3,486  
Maturities of investment securities available for sale   2,305
Sale of investment securities available-for-sale 84,529 141,439
Purchases of investment securities available-for-sale (185,463) (168,454)
Repayments of investment securities available-for-sale 55,084 27,177
Repayments on reverse mortgages 6,196 8,235
Disbursements for reverse mortgages (438) (665)
Net increase in loans (149,214) (93,558)
Net increase in stock of FHLB (8,554) (1,718)
Sales of assets acquired through foreclosure, net 3,081 3,222
Investment in premises and equipment, net (2,884) (1,388)
Net cash used for investing activities (194,177) (83,405)
Financing activities:    
Net decrease in demand and saving deposits (38,091) (65,036)
Decrease in time deposits (77,906) (6,635)
(Decrease) increase in brokered deposits (3,336) 31,732
Increase in loan payable 41 40
Repayment of reverse mortgage trust bonds payable   (21,990)
Receipts from FHLB advances 14,455,050 57,176,960
Repayments of FHLB advances (14,435,200) (57,056,651)
Receipts from federal funds purchased and securities sold under agreement to repurchase 30,479,478 12,259,350
Repayments of federal funds purchased and securities sold under agreement to repurchase (30,169,691) (12,270,350)
Dividends paid (2,823) (2,141)
Issuance of common stock and exercise of common stock options 1,845 863
Purchase of treasury stock (12,652)  
Excess tax benefit from stock-based compensation 681 478
Net cash provided by financing activities 197,396 46,620
Decrease in cash and cash equivalents 25,652 (9,237)
Cash and cash equivalents at beginning of period 508,039 484,426
Cash and cash equivalents at end of period 533,691 475,189
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest during the period 7,124 6,134
Cash paid for income taxes, net 10,471 12,231
Loans transferred to assets acquired through foreclosure 2,452 3,196
Loans transferred to portfolio from held-for-sale at fair value 171 2,169
Net change in accumulated other comprehensive income (2,271) 18,299
Non-cash goodwill adjustments, net $ 336 $ 135