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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net Income $ 50,143 $ 44,453 $ 41,482
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 14,948 11,196 19,227
Deferred tax expense 12,653 4,862 12,704
Depreciation and amortization 7,640 13,721 11,090
Net (gains) losses on securities and other assets (729) 2,832 431
Net amortization of premiums and discounts on securities 2,793 2,233 543
Net amortization of premiums and discounts on long-term debt 0 (37) (117)
Income from increase in cash surrender value of bank owned life insurance 5,412 5,275 5,539
Payments for Origination of Mortgage Loans Held-for-sale (86,576) (17,697) 0
Proceeds from Sale of Mortgage Loans Held-for-sale 85,718 15,598 0
(Increase) decrease in interest receivable (41) 542 921
Decrease in interest payable (103) (404) (1,172)
Decrease in prepaid FDIC insurance 0 0 9,205
(Increase) decrease in income taxes payable (354) 1,860 (615)
Other—net (7,929) 8,253 (2,426)
Net cash provided by operating activities 72,751 82,137 85,734
Transactions with securities held to maturity:      
Proceeds from maturities and redemptions 9,358 0 0
Purchases (380,877) 0 0
Transactions with securities available for sale:      
Proceeds from sales 88,054 132,868 671
Proceeds from maturities and redemptions 373,228 242,895 356,667
Purchases (24,150) (339,649) (539,894)
Purchases of FHLB stock (65,605) (40,920) (18,120)
Proceeds from the redemption of FHLB stock 48,029 31,819 10,904
Proceeds from bank owned life insurance 378 2,080 2,092
Proceeds from the sale of loans 3,018 3,112 20,760
Proceeds from sales of other assets 6,407 12,882 12,713
Acquisition, net of cash acquired (3,533) (3,042) 0
Net increase in loans (191,853) (195,120) (143,438)
Purchases of premises and equipment (4,887) (10,980) (9,635)
Net cash used in investing activities (142,433) (164,055) (307,280)
Financing Activities      
Net decrease in federal funds purchased (5,000) (7,000) (18,000)
Net increase in other short-term borrowings 409,949 486,261 288,387
Net (decrease) increase in deposits (209,928) (288,352) 46,006
Repayments of other long-term debt (80,145) (59,889) (29,969)
Proceeds from issuance of long-term debt 0 5,000 0
Repayments of subordinated debentures 0 0 (34,702)
Discount on dividend reinvestment plan purchases 0 (65) (112)
Dividends paid (25,089) (26,174) (22,344)
Proceeds from reissuance of treasury stock 192 192 176
Purchase of treasury stock (25,383) (30,956) (33,439)
Net cash provided by financing activities 64,596 79,017 196,003
Net (decrease) increase in cash and cash equivalents (5,086) (2,901) (25,543)
Cash and cash equivalents at January 1 74,538 77,439 102,982
Cash and cash equivalents at December 31 $ 69,452 $ 74,538 $ 77,439