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Parent Company Financial Information (Tables)
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12 Months Ended |
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Dec. 31, 2013
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| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
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| Condensed Statements of Income - Parent Company Only |
Condensed Statements of Income—Parent Company Only | | | | | | | | | | | | | | | | Years Ended December 31, | 2013 | | 2012 | | 2011 | (in thousands) | Income | | | | | | | Dividend from banking subsidiary | | $ | 183,000 |
| | $ | 48,950 |
| | $ | — |
| Interest-earning deposits | | 68 |
| | 153 |
| | 712 |
| Other income | | 7 |
| | — |
| | 17 |
| Total income | | 183,075 |
| | 49,103 |
| | 729 |
| Expense | | | | | | | Compensation and employee benefits | | 658 |
| | 182 |
| | 88 |
| Long-term obligations | | — |
| | — |
| | 579 |
| Other borrowings | | 258 |
| | — |
| | — |
| Other expense | | 4,162 |
| | 1,193 |
| | 1,114 |
| Total expenses | | 5,078 |
| | 1,375 |
| | 1,781 |
| Income (loss) before income tax expense (benefit) and equity in undistributed net income of subsidiaries | | 177,997 |
| | 47,728 |
| | (1,052 | ) | Income tax expense (benefit) | | (1,552 | ) | | (435 | ) | | 91 |
| Income (loss) before equity in undistributed net income of subsidiaries | | 179,549 |
| | 48,163 |
| | (1,143 | ) | Equity in undistributed net income (loss) of subsidiaries | | (119,533 | ) | | (2,020 | ) | | 49,180 |
| Net income | | $ | 60,016 |
| | $ | 46,143 |
| | $ | 48,037 |
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| Condensed Balance Sheets - Parent Company Only |
Condensed Balance Sheets—Parent Company Only | | | | | | | | | | | | December 31, | 2013 | | 2012 | | | (in thousands) | Assets | | | | | Cash and due from banking subsidiary | | $ | 3,006 |
| | $ | 1,729 |
| Interest-earning deposits | | 50,678 |
| | 84,915 |
| Total cash and cash equivalents | | 53,684 |
| | 86,644 |
| Investment in banking subsidiary | | 993,002 |
| | 676,974 |
| Investment in other subsidiaries | | 5,037 |
| | — |
| Other assets | | 1,952 |
| | 649 |
| Total assets | | $ | 1,053,675 |
| | $ | 764,267 |
| Liabilities and Shareholders’ Equity | | | | | Other liabilities | | $ | 426 |
| | $ | 259 |
| Total liabilities | | 426 |
| | 259 |
| Shareholders’ equity | | 1,053,249 |
| | 764,008 |
| Total liabilities and shareholders’ equity | | $ | 1,053,675 |
| | $ | 764,267 |
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| Condensed Statements of Cash Flows - Parent Company Only |
Condensed Statements of Cash Flows—Parent Company Only | | | | | | | | | | | | | | | | Years Ended December 31, | 2013 | | 2012 | | 2011 | (in thousands) | Operating Activities | | | | | | | Net income | | $ | 60,016 |
| | $ | 46,143 |
| | $ | 48,037 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | Equity in undistributed loss (earnings) of subsidiaries | | 119,533 |
| | 2,020 |
| | (49,180 | ) | Stock-based compensation expense | | 2,844 |
| | 1,622 |
| | 1,635 |
| Net changes in other assets and liabilities | | 6,830 |
| | (264 | ) | | 315 |
| Net cash provided by operating activities | | 189,223 |
| | 49,521 |
| | 807 |
| Investing Activities | | | | | | | Net cash paid in business combinations | | (53,159 | ) | | — |
| | — |
| Proceeds from termination of trust subsidiaries | | — |
| | — |
| | 774 |
| Net cash provided by (used in) investing activities | | (53,159 | ) | | — |
| | 774 |
| Financing Activities | | | | | | | Preferred stock dividends | | (32 | ) | | — |
| | — |
| Common stock dividends | | (19,858 | ) | | (38,824 | ) | | (10,660 | ) | Repayment of long-term subordinated debt | | (51,000 | ) | | — |
| | (25,774 | ) | Purchase and retirement of common stock | | (429 | ) | | — |
| | (32 | ) | Proceeds from exercise of stock options | | 1,092 |
| | 713 |
| | 848 |
| Downstream stock offering proceeds to the Bank | | (100,000 | ) | | — |
| | (50,000 | ) | Excess tax benefit associated with share-based compensation | | 1,203 |
| | — |
| | 98 |
| Net cash used in financing activities | | (169,024 | ) | | (38,111 | ) | | (85,520 | ) | Increase (decrease) in cash and cash equivalents | | (32,960 | ) | | 11,410 |
| | (83,939 | ) | Cash and cash equivalents at beginning of year | | 86,644 |
| | 75,234 |
| | 159,173 |
| Cash and cash equivalents at end of year | | $ | 53,684 |
| | $ | 86,644 |
| | $ | 75,234 |
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