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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities    
Interest and dividends received $ 208,549 $ 193,605
Service charges and other fees received 21,604 22,653
Interest paid (7,631) (12,120)
Net cash paid to vendors, employees and others (98,692) (92,766)
Income taxes paid (38,000) (44,000)
Payments to FDIC, loss share agreement (460) (1,186)
Net cash provided by operating activities 85,370 66,186
Cash Flows from Investing Activities    
Proceeds from redemption of FHLB stock 7,750 10,413
Net change in interest-earning balances from depository institutions (6,071) 62,491
Proceeds from sale of investment securities available-for-sale 975 14,271
Proceeds from repayment of investment securities available-for-sale 300,959 238,495
Proceeds from maturity of investment securities available-for-sale 83,322 63,216
Purchases of investment securities available-for-sale (431,650) (738,882)
Proceeds from repayment of investment securities held-to-maturity 13,177 0
Proceeds from maturity of investment securities held-to-maturity 20,550 0
Net decrease in loan and lease finance receivables 2,647 101,432
Proceeds from sales of premises and equipment 0 663
Purchase of premises and equipment (1,249) (1,668)
Proceeds from sales of other real estate owned 2,579 2,588
Cash acquired on purchase of American Security Bank, net of cash paid 0 50,038
Net cash used in investing activities (7,011) (196,943)
Cash Flows from Financing Activities    
Net increase in other deposits 416,830 492,720
Net decrease in time deposits (62,016) (2,433)
Repayment of FHLB advances (200,000) 0
Net decrease in other borrowings (46,000) (69,000)
Net increase (decrease) in customer repurchase agreements 46,547 (114,427)
Cash dividends on common stock (36,099) (31,718)
Repurchase of common stock (606) (5,383)
Proceeds from exercise of stock options 4,672 5,378
Tax benefit related to exercise of stock options 772 983
Net cash provided by financing activities 124,100 276,120
Net increase in cash and cash equivalents 202,459 145,363
Cash and cash equivalents, beginning of period 105,768 94,693
Cash and cash equivalents, end of period 308,227 240,056
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities    
Net earnings 70,532 78,440
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Gain on sale of loans held-for-sale 0 (5,330)
Loss on sale of investment securities 22 0
Loss on sale of premises and equipment, net 154 68
Gain on sale of other real estate owned (386) (222)
Amortization of capitalized prepayment penalty on borrowings 521 204
Increase in bank owned life insurance (3,149) (1,757)
Net amortization of premiums and discounts on investment securities 14,605 15,515
Accretion of SJB discount (3,010) (4,546)
Recapture of provision for loan losses (4,500) (16,100)
Recapture of provision for unfunded loan commitments (500) (1,250)
Valuation adjustment on other real estate owned 162 65
Change in FDIC loss share asset 299 3,653
Payments to FDIC, loss share agreement (460) (1,186)
Stock-based compensation 2,044 2,277
Depreciation and amortization, net (701) 488
Change in accrued interest receivable 425 (684)
Change in accrued interest payable (888) (36)
Change in other assets and liabilities 10,200 (3,413)
Total adjustments 14,838 (12,254)
Net cash provided by operating activities 85,370 66,186
Net cash provided by investing activities (7,011) (196,943)
Net cash provided by financing activities 124,100 276,120
Net increase in cash and cash equivalents 202,459 145,363
Supplemental Disclosure of Non-cash Investing Activities    
Securities purchased and not settled 42,317 643
Transfer of loans to other real estate owned 3,721 640
Transfer of AFS securities to HTM securities $ 898,598 $ 0