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Parent Company Financial Statements | 12 Months Ended
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Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Parent Company Financial Statements | PARENT COMPANY FINANCIAL STATEMENTS
Parent Company
Condensed Balance Sheets
(Dollars in thousands) | December 31, 2014 |  | December 31, 2013
Assets |  |  |
Cash | $ | 24,026 |  |  | $ | 13,047 |
Investment securities available for sale | 110,644 |  |  | 234,488 |
Investment in subsidiaries (1) | 2,815,866 |  |  | 2,053,292 |
Due from subsidiaries | 295,994 |  |  | 145,666 |
Other assets | 74,157 |  |  | 144,998 |
Total assets | $ | 3,320,687 |  |  | $ | 2,591,491 |
Liabilities and Shareholders' Equity |  |  |
Short-term borrowings | $ | 485,207 |  |  | $ | 411,907 |
Long-term obligations | 136,717 |  |  | 96,392 |
Other liabilities | 11,169 |  |  | 11,730 |
Shareholders' equity (1) | 2,687,594 |  |  | 2,071,462 |
Total liabilities and shareholders' equity (1) | $ | 3,320,687 |  |  | $ | 2,591,491 |
(1) Amounts for 2013 have been updated to reflect the fourth quarter 2014 adoption of Accounting Standard Update (ASU) 2014-01 related to qualified affordable housing projects.
Parent Company
Condensed Income Statements
| Year ended December 31
(Dollars in thousands) | 2014 |  | 2013 |  | 2012
Interest income | $ | 1,784 |  |  | $ | 1,387 |  |  | $ | 1,353 |
Interest expense | 9,694 |  |  | 7,065 |  |  | 15,435 |
Net interest loss | (7,910 | ) |  | (5,678 | ) |  | (14,082 | )
Dividends from subsidiaries | 82,419 |  |  | 131,006 |  |  | 179,588 |
Other income | 33,600 |  |  | 3,620 |  |  | 2,843 |
Other operating expense | 6,534 |  |  | 2,344 |  |  | 6,384 |
Income before income tax benefit and equity in undistributed net income of subsidiaries | 101,575 |  |  | 126,604 |  |  | 161,965 |
Income tax benefit | (2,590 | ) |  | (2,095 | ) |  | (8,417 | )
Income before equity in undistributed net income of subsidiaries | 104,165 |  |  | 128,699 |  |  | 170,382 |
Equity (excess distributions) in undistributed net income of subsidiaries (1) | 34,397 |  |  | 38,170 |  |  | (37,987 | )
Net income (1) | $ | 138,562 |  |  | $ | 166,869 |  |  | $ | 132,395 |
(1) Amounts for 2013 and 2012 periods have been updated to reflect the fourth quarter 2014 adoption of Accounting Standard Update (ASU) 2014-01 related to qualified affordable housing projects.
Parent Company
Condensed Statements of Cash Flows
| Year ended December 31
(Dollars in thousands) | 2014 |  | 2013 |  | 2012
OPERATING ACTIVITIES |  |  |  |  |
Net income (1) | $ | 138,562 |  |  | $ | 166,869 |  |  | $ | 132,395 |
Adjustments |  |  |  |  |
Excess distributions (undistributed) net income of subsidiaries (1) | (34,397 | ) |  | (38,170 | ) |  | 37,987 |
Net amortization of premiums and discounts | 594 |  |  | 334 |  |  | 439 |
Securities gains | (29,126 | ) |  | — |  |  | (2,274 | )
Gain on elimination of acquired debt | (1,988 | ) |  | — |  |  | — |
Gain on sale of other assets | — |  |  | (1,331 | ) |  | — |
Other than temporary impairment on securities | — |  |  | — |  |  | 45 |
Change in other assets | 93,385 |  |  | (61,704 | ) |  | 30,761 |
Change in other liabilities | 2,250 |  |  | (2,096 | ) |  | (10,148 | )
Net cash provided by operating activities | 169,280 |  |  | 63,902 |  |  | 189,205 |
INVESTING ACTIVITIES |  |  |  |  |
Net change in due from subsidiaries | (150,328 | ) |  | (67,154 | ) |  | 42,323 |
Purchases of investment securities | (33,243 | ) |  | (126,197 | ) |  | (111,409 | )
Proceeds from sales, calls, and maturities of securities | 114,208 |  |  | 135,000 |  |  | 112,625 |
Investment in subsidiaries | 1,579 |  |  | 1,489 |  |  | 9,298 |
Business acquisitions, net of cash acquired | (24,772 | ) |  | — |  |  | — |
Net cash (used) provided by investing activities | (92,556 | ) |  | (56,862 | ) |  | 52,837 |
FINANCING ACTIVITIES |  |  |  |  |
Net change in short-term borrowings | (1,211 | ) |  | 12,860 |  |  | 23,651 |
Retirement of long-term obligations | (52,372 | ) |  | — |  |  | (155,305 | )
Stock issuance costs | (619 | ) |  | — |  |  | — |
Repurchase of common stock | — |  |  | (321 | ) |  | (103,624 | )
Cash dividends paid | (11,543 | ) |  | (8,663 | ) |  | (15,398 | )
Net cash provided (used) by financing activities | (65,745 | ) |  | 3,876 |  |  | (250,676 | )
Net change in cash | 10,979 |  |  | 10,916 |  |  | (8,634 | )
Cash balance at beginning of year | 13,047 |  |  | 2,131 |  |  | 10,765 |
Cash balance at end of year | $ | 24,026 |  |  | $ | 13,047 |  |  | $ | 2,131 |
CASH PAYMENTS FOR: |  |  |  |  |
Interest | $ | 5,079 |  |  | $ | 6,904 |  |  | $ | 25,574 |
Income taxes | 127,970 |  |  | 102,890 |  |  | 66,453 |
(1) Amounts for 2013 and 2012 periods have been updated to reflect the fourth quarter 2014 adoption of Accounting Standard Update (ASU) 2014-01 related to qualified affordable housing projects.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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