PARENT COMPANY FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Parent Company Balance Sheets

	December 31,
	2015		2014
BALANCE SHEETS (in thousands)
ASSETS
Investment in subsidiaries:
Banks	$	1,596,292	$	1,312,575
Non-banks		214,181		187,329
Total investment in subsidiaries		1,810,473		1,499,904
Goodwill on purchased affiliates		5,011		5,011
Cash		74,432		80,958
Securities available for sale and other		79,635		65,628
Total assets	$	1,969,551	$	1,651,501
LIABILITIES AND SHAREHOLDERS’ EQUITY
Long-term debt	$	66,158	$	—
Accrued expenses and other		9,699		7,743
Total liabilities		75,857		7,743
Shareholders’ equity		1,893,694		1,643,758
Total liabilities and shareholders’ equity	$	1,969,551	$	1,651,501

Schedule of Parent Company Statements of Income and Comprehensive Income

STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (in thousands)

	Year Ended December 31,
	2015			2014			2013
INCOME
Dividends and income received from subsidiaries	$	27,913		$	31,000		$	54,750
Service fees from subsidiaries		44,350			35,206			33,443
Other		891			2,504			387
Total income		73,154			68,710			88,580
EXPENSE
Salaries and employee benefits		41,019			33,556			32,223
Other		22,051			17,037			9,198
Total expense		63,070			50,593			41,421
Income before income taxes and equity in undistributed earnings of subsidiaries		10,084			18,117			47,159
Income tax benefit		(5,301	)		(5,227	)		(4,307	)
Income before equity in undistributed earnings of subsidiaries		15,385			23,344			51,466
Equity in undistributed earnings of subsidiaries:
Banks		95,942			94,833			64,674
Non-Banks		4,746			2,478			17,825
Net income	$	116,073		$	120,655		$	133,965
Other comprehensive (loss) income		(14,724	)		43,646			(118,228	)
Comprehensive income	$	101,349		$	164,301		$	15,737

Schedule of Parent Company Statements of Cash Flows

	Year Ended December 31,
	2015			2014			2013
STATEMENTS OF CASH FLOWS (in thousands)
OPERATING ACTIVITIES
Net income	$	116,073		$	120,655		$	133,965
Adjustments to reconcile net income to cash used in operating activities:
Equity in earnings of subsidiaries		(128,601	)		(128,311	)		(137,249	)
Dividends received from subsidiaries		27,913			31,000			—
Net decrease in securities available for sale		211			6,397			6,181
Equity based compensation		10,751			9,661			—
Other		220			(9,071	)		(8,467	)
Net cash provided by (used in) operating activities		26,567			30,331			(5,570	)
INVESTING ACTIVITIES
Net capital investment in subsidiaries		(16,513	)		(24,200	)		(156,000	)
Net cash activity from acquisition		24,962			—			—
Dividends received from subsidiaries		—			—			54,750
Net capital proceeds (expenditures) for premises and equipment		332			154			(406	)
Net cash provided by (used in) investing activities		8,781			(24,046	)		(101,656	)
FINANCING ACTIVITIES
Proceeds from short-term debt		—			—			—
Cash dividends paid		(45,967	)		(41,364	)		(36,168	)
Common stock issuance		—			—			231,430
Other		4,093			5,105			15,903
Net cash (used in) provided by financing activities		(41,874	)		(36,259	)		211,165
Net (decrease) increase in cash		(6,526	)		(29,974	)		103,939
Cash and cash equivalents at beginning of period		80,958			110,932			6,993
Cash and cash equivalents at end of period	$	74,432		$	80,958		$	110,932