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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Interest and dividends received $ 193,605 $ 181,608
Service charges and other fees received 22,653 23,103
Interest paid (12,120) (12,506)
Net cash paid to vendors and employees (92,766) (69,441)
Income taxes paid (44,000) (50,200)
(Payments to) proceeds from FDIC loss share agreement (1,186) 239
Net cash provided by operating activities 66,186 72,803
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from redemption of FHLB stock 10,413 17,231
Proceeds from maturity of interest-earning balances from depository institutions 62,491  
Proceeds from sale of investment securities 14,271 99,155
Proceeds from repayment of investment securities 238,495 344,660
Proceeds from maturity of investment securities 63,216 62,175
Purchases of investment securities (738,882) (759,609)
Net decrease in loan and lease finance receivables 101,432 13,375
Proceeds from sales of premises and equipment 663 9
Purchase of premises and equipment (1,668) (2,080)
Proceeds from sales of other real estate owned 2,588 12,922
Cash acquired on purchase of American Security Bank, net of cash paid 50,038  
Net cash used in investing activities (196,943) (212,162)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in transaction deposits 492,720 147,349
Net decrease in time deposits (2,433) (25,850)
Repayment of junior subordinated debentures   (41,238)
Net decrease in other borrowings (69,000) 16,482
Net (decrease) increase in customer repurchase agreements (114,427) 92,639
Cash dividends on common stock (31,718) (19,419)
Repurchase of common stock (5,383) (459)
Proceeds from exercise of stock options 5,378 2,651
Tax benefit related to exercise of stock options 983 215
Net cash provided by financing activities 276,120 172,370
NET INCREASE IN CASH AND CASH EQUIVALENTS 145,363 33,011
CASH AND CASH EQUIVALENTS, beginning of period 94,693 98,431
CASH AND CASH EQUIVALENTS, end of period 240,056  
RECONCILIATION OF NET EARNINGS TO NET CASH PROVIDED BY OPERATING ACTIVITIES    
Net earnings 78,440 70,320
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Gain on sale of loans held-for-sale (5,330)  
Gain on sale of investment securities   (2,094)
Loss on sale of premises and equipment, net 68 2
Gain on sale of other real estate owned (222) (3,048)
Amortization of capitalized prepayment penalty on borrowings 204 204
Increase in bank owned life insurance (1,757) (1,805)
Net amortization of premiums and discounts on investment securities 15,515 20,770
Accretion of SJB discount (4,546) (10,796)
Provision for loan losses (16,100) (9,950)
Provision for unfunded loan commitments (1,250) 500
Valuation adjustment on other real estate owned 65 87
Change in FDIC loss share asset 3,653 10,715
(Payments to) proceeds from FDIC loss share agreement (1,186) 239
Stock-based compensation 2,277 1,439
Depreciation and amortization, net 488 2,029
Change in accrued interest receivable (684) 495
Change in accrued interest payable (36) (387)
Change in other assets and liabilities (3,413) (5,917)
Total adjustments (12,254) 2,483
Net cash provided by operating activities 66,186 72,803
Net cash used in investing activities (196,943) (212,162)
Net cash provided by financing activities 276,120 172,370
NET INCREASE IN CASH AND CASH EQUIVALENTS 145,363 33,011
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES    
Securities purchased and not settled 643  
Transfer of loans to other real estate owned $ 640 $ 1,492