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Condensed Financial Information - Parent Company Only
 12 Months Ended
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Statements - Parent Company Only
NOTE S – CONDENSED FINANCIAL INFORMATION - PARENT COMPANY ONLY
CONDENSED BALANCE SHEETS
(in thousands)
 
 
December 31
 
 
December 31
 
2014
 
2013
 
 
2014
 
2013
ASSETS
 
 
 
 
LIABILITIES AND EQUITY
 
 
 
Cash
$
137

 
$
8

 
Long-term debt
$
465,936

 
$
368,487

Other assets
10,053

 
2,526

 
Payable to non-bank subsidiaries
84,676

 
42,944

Receivable from subsidiaries
29,120

 
21,849

 
Other liabilities
81,682

 
66,313


 
 
 
 
Total Liabilities
632,294

 
477,744

Investments in:
 
 
 
 
 
 
 
 
Bank subsidiaries
2,174,786

 
2,109,696

 
 
 
 
 
Non-bank subsidiaries
414,863

 
406,852

 
Shareholders’ equity
1,996,665

 
2,063,187

Total Assets
$
2,628,959

 
$
2,540,931

 
Total Liabilities and           Shareholders’ Equity
$
2,628,959

 
$
2,540,931


CONDENSED STATEMENTS OF INCOME 
 
2014
 
2013
 
2012
 
(in thousands)
Income:
 
 
 
 
 
Dividends from subsidiaries
$
139,150

 
$
114,438

 
$
142,000

Other
120,543

 
106,297

 
88,380

 
259,693

 
220,735

 
230,380

Expenses
152,243

 
138,164

 
124,525

Income before income taxes and equity in undistributed net income of subsidiaries
107,450

 
82,571

 
105,855

Income tax benefit
(10,549
)
 
(10,744
)
 
(10,847
)
 
117,999

 
93,315

 
116,702

Equity in undistributed net income (loss) of:
 
 
 
 
 
Bank subsidiaries
33,134

 
56,552

 
46,350

Non-bank subsidiaries
6,761

 
11,973

 
(3,207
)
Net Income
$
157,894

 
$
161,840

 
$
159,845


CONDENSED STATEMENTS OF CASH FLOWS
 
2014
 
2013
 
2012
 
(in thousands)
Cash Flows From Operating Activities:
 
 
 
 
 
Net Income
$
157,894

 
$
161,840

 
$
159,845

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
Stock-based compensation
5,865

 
5,330

 
4,834

Excess tax benefits from stock-based compensation
(81
)
 
(302
)
 
(39
)
(Increase) decrease in other assets
(7,120
)
 
1,893

 
(6,340
)
Equity in undistributed net income of subsidiaries
(39,895
)
 
(68,525
)
 
(43,143
)
Increase in other liabilities and payable to non-bank subsidiaries
37,354

 
26,946

 
6,885

Total adjustments
(3,877
)
 
(34,658
)
 
(37,803
)
Net cash provided by operating activities
154,017

 
127,182

 
122,042

Cash Flows From Investing Activities:
 
 
 
 
 
Investments in non-bank subsidiaries
—

 
—

 
(32,649
)
Net cash used in investing activities
—

 
—

 
(32,649
)
Cash Flows From Financing Activities:
 
 
 
 
 
Repayments of long-term debt
—

 
—

 
(4,125
)
Additions to long-term debt
97,113

 
—

 
—

Net proceeds from issuance of common stock
8,201

 
9,936

 
7,005

Excess tax benefits from stock-based compensation
81

 
302

 
39

Dividends paid
(64,028
)
 
(46,525
)
 
(71,972
)
Acquisition of treasury stock
(175,255
)
 
(90,927
)
 
(20,359
)
Deferred accelerated stock repurchase payment
(20,000
)
 
—

 
—

Net cash used in financing activities
(153,888
)
 
(127,214
)
 
(89,412
)
Net Increase (Decrease) in Cash and Cash Equivalents
129

 
(32
)
 
(19
)
Cash and Cash Equivalents at Beginning of Year
8

 
40

 
59

Cash and Cash Equivalents at End of Year
$
137

 
$
8

 
$
40