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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net income $ 33,152 $ 31,023
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 9,863 3,266
Provision for unfunded loan commitments 131 605
Depreciation, amortization and accretion 1,878 388
Net amortization of discounts and premiums on securities 1,861 1,802
Stock-based compensation expense 1,279 769
Securities losses (gains), net 0 34
Tax benefit from stock-based compensation 0 (29)
Mortgage loans originated for sale (45,831) (52,075)
Proceeds from the sale of mortgage loans 46,555 42,008
Gain on the sale of mortgage loans, net (679) (597)
Gain on the sale of credit card portfolio (2,066) 0
Pension plan curtailment gain (1,017) 0
Net increase in interest receivable (3,485) (2,542)
Net increase (decrease) in interest payable 1,126 (475)
Net (increase) decrease in other assets (2,900) 1,854
Net increase (decrease) in other liabilities 4,127 (811)
Net Cash Provided by Operating Activities 43,994 25,220
INVESTING ACTIVITIES    
Purchases of securities available-for-sale (45,431) (54,754)
Proceeds from maturities, prepayments and calls of securities available-for-sale 34,723 26,096
Proceeds from sales of securities available-for-sale 0 11,119
Net (purchases of) proceeds from Federal Home Loan Bank stock (4,723) (334)
Net increase in loans (369,089) (141,911)
Proceeds from sale of loans not originated for resale 2,427 0
Purchases of premises and equipment (1,360) (2,465)
Proceeds from the sale of premises and equipment 3 27
Proceeds from the sale of credit card portfolio 25,019 0
Net cash paid in excess of cash acquired from bank merger 0 (16,347)
Net Cash Used in Investing Activities (358,431) (178,569)
FINANCING ACTIVITIES    
Net increase in deposits 105,970 297,340
Net increase (decrease) in certificates of deposit 138,148 (68,397)
Net (decrease) increase in securities sold under repurchase agreements (13,607) 15,630
Net increase (decrease) in short-term borrowings 194,000 (127,686)
Proceeds from long-term borrowings 0 100,000
Repayments of long-term borrowings (101,155) (1,214)
Repayment of junior subordinated debt 0 (13,500)
Treasury shares issued-net (116) (111)
Common stock issuance costs 0 (132)
Cash dividends paid to common shareholders (13,211) (11,608)
Tax benefit from stock-based compensation 0 29
Net Cash Provided by Financing Activities 310,029 190,351
Net (decrease) increase in cash and cash equivalents (4,408) 37,002
Cash and cash equivalents at beginning of period 99,399 109,580
Cash and Cash Equivalents at End of Period 94,991 146,582
Supplemental Disclosures    
Loans transferred from held for sale to portfolio (1,540) 0
Interest paid 10,398 7,619
Income taxes paid, net of refunds 13,474 9,275
Net assets acquired from bank merger, excluding cash and cash equivalents 0 43,433
Transfers of loans to other real estate owned $ 231 $ 137