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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 20,973 $ 19,802
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangibles 3,323 3,333
Provision for loan losses 1,500 600
Deferred tax expense 456 1,748
Increase in cash surrender value of Bank-owned life insurance (1,332) (1,348)
Net amortization of premiums and discounts on securities 2,401 2,655
Accretion of net deferred loan fees (687) (946)
Amortization of premiums on purchased loans, net 198 292
Net increase in loans originated for sale (2,598) (3,869)
Proceeds from sales of loans originated for sale 2,921 4,056
Proceeds from sales of foreclosed assets 1,063 288
ESOP expense 746 687
Allocation of stock award shares 723 852
Allocation of stock options 46 72
Net gain on sale of loans (323) (187)
Net gain on securities transactions (96) (2)
Net gain on sale of premises and equipment (4) (5)
Net (gain) loss on sale of foreclosed assets (26) 32
Decrease in accrued interest receivable 367 686
Increase in other assets (2,659) (4,621)
Increase (decrease) in other liabilities 785 (2,897)
Net cash provided by operating activities 27,777 21,228
Cash flows from investing activities:    
Proceeds from maturities, calls and paydowns of investment securities held to maturity 11,805 5,343
Purchases of investment securities held to maturity (11,259) (10,220)
Proceeds from sales of securities 2,106 0
Proceeds from maturities, calls and paydowns of securities available for sale 40,818 45,848
Purchases of securities available for sale (52,513) (14,769)
Net decrease in Federal Home Loan Bank stock 6,046 2,334
Purchases of loans (28,590) (23,692)
Net increase in loans (72,894) (15,994)
Proceeds from sales of premises and equipment 4 5
Purchases of premises and equipment (1,758) (2,148)
Net cash used in investing activities (106,235) (13,293)
Cash flows from financing activities:    
Net increase in deposits 230,875 30,528
Increase in mortgage escrow deposits 2,291 2,004
Purchases of treasury stock (2,697) (1,882)
Cash dividends paid to stockholders (11,321) (10,798)
Shares issued through the dividend reinvestment plan 365 377
Stock options exercised 2,321 395
Proceeds from long-term borrowings 167,858 82,917
Payments on long-term borrowings (206,068) (87,000)
Net decrease in short-term borrowings (99,281) (37,364)
Net cash provided by (used in) financing activities 84,343 (20,823)
Net increase (decrease) in cash and cash equivalents 5,885 (12,888)
Cash and cash equivalents at beginning of period 102,226 103,762
Cash and cash equivalents at end of period 108,111 90,874
Cash paid during the period for:    
Interest on deposits and borrowings 10,856 9,804
Income taxes 3,125 8,057
Non-cash investing activities:    
Transfer of loans receivable to foreclosed assets $ 1,520 $ 1,146