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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 45,868 $ 40,453 $ 172,075
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision (credit) for loan and lease losses (15,671) (6,414) (11,310)
Depreciation and amortization 5,870 5,842 6,007
Amortization and impairment of other intangible assets 6,859 5,332 7,418
Write down of other real estate, net of gain on sale 198 1,133 (8,011)
Net amortization of investment securities 10,246 7,807 13,283
Share-based compensation 3,131 4,218 4,931
Net (gain) loss on sale of investment securities 1,866 (240) (482)
Net gain on sales of residential loans (6,107) (5,545) (9,986)
Proceeds from sales of loans held for sale 379,318 373,061 654,005
Originations of loans held for sale (377,638) (364,828) (618,106)
Equity in earnings of unconsolidated subsidiaries (578) (480) (790)
Increase in cash surrender value of bank-owned life insurance (2,407) (3,161) (2,729)
Deferred income taxes 26,079 20,482 (112,138)
Premium paid on repurchases of preferred stock of subsidiaries 0 0 1,895
Net change in other assets and liabilities (2,529) (6,228) (11,531)
Net cash provided by operating activities 74,505 71,432 84,531
Cash flows from investing activities:      
Proceeds from maturities of and calls on investment securities available for sale 165,492 145,592 448,453
Proceeds from sales of investment securities available for sale 117,496 162,470 271,931
Purchases of investment securities available for sale (344,766) (98,408) (753,496)
Proceeds from maturities of and calls on investment securities held to maturity 26,524 15,814 13,500
Purchases of investment securities held to maturity (37,043) (2,443) (4,595)
Net loan originations (218,195) (245,099) (357,853)
Purchases of loan portfolios (68,754) (62,648) (85,110)
Proceeds from sales of loans originated for investment 6,658 0 10,679
Proceeds from sales of other real estate 6,691 3,865 17,892
Proceeds from bank-owned life insurance 723 481 536
Purchases of premises and equipment (5,817) (6,017) (6,287)
Distributions from unconsolidated subsidiaries 524 531 9,615
Net return of capital from (contributions to) unconsolidated subsidiaries 0 466 (9,050)
Proceeds from redemption of FHLB stock 35,326 2,261 1,735
Net cash used in investing activities (315,141) (83,135) (442,050)
Cash flows from financing activities:      
Net increase in deposits 323,139 174,127 255,401
Repayments of long-term debt 0 (14) (15,482)
Net increase in short-term borrowings 31,000 29,985 8,015
Cash dividends paid on common stock (26,143) (13,405) (6,735)
Repurchases of common stock (93,533) (142,405) 0
Net proceeds from issuance of common stock and stock option exercises 360 74 74
Repurchases of preferred stock of subsidiaries 0 0 (11,781)
Net cash provided by financing activities 234,823 48,362 229,492
Net increase (decrease) in cash and cash equivalents (5,813) 36,659 (128,027)
Cash and cash equivalents:      
At beginning of year 86,007 49,348 177,375
At end of year 80,194 86,007 49,348
Cash paid during the year for:      
Interest 6,453 6,413 19,260
Income taxes 1,642 0 5
Cash received during the year for:      
Income taxes 0 185 0
Supplemental disclosure of noncash investing and financing activities:      
Net change in common stock held by directors’ deferred compensation plan 154 11 39
Net reclassification of loans to other real estate 5,903 2,783 4,358
Net transfer of loans to loans held for sale 6,658 0 0
Net transfer of investment securities available for sale to held to maturity $ 0 $ 0 $ 101,669