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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:    
Net income $ 44,400,000 $ 44,175,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,211,000 12,379,000
Reversal of provision for loan losses (3,200,000)
Net amortization of deferred loan fees (281,000) (263,000)
Decrease in interest income receivable 475,000 757,000
(Increase) decrease in other assets (753,000) 107,000
Increase (decrease) in income taxes payable 403,000 (257,000)
Decrease in net deferred tax asset 3,258,000 968,000
Decrease in interest expense payable (19,000) (56,000)
Decrease in other liabilities 143,000 (2,571,000)
Stock option compensation expense 1,142,000 987,000
Tax benefit (increase) decrease upon exercise and expiration of stock options (199,000) 1,215,000
Net writedown/loss on sale of premises and equipment 21,000 24,000
Net gain on sale of foreclosed assets (1,182,000) (73,000)
Writedown of foreclosed assets 759,000 315,000
Net Cash Provided by Operating Activities 59,178,000 57,707,000
Investing Activities:    
Net repayments of loans 171,573,000 124,615,000
Change in payable to FDIC [1] 3,180,000
Purchases of investment securities available for sale (812,697,000) (828,169,000)
Proceeds from sale/maturity/calls of securities available for sale 632,795,000 858,850,000
Purchases of investment securities held to maturity (246,956,000) (366,247,000)
Proceeds from maturity/calls of securities held to maturity 141,770,000 117,877,000
Purchases of premises and equipment (1,299,000) (4,049,000)
Net change in FRB(2)/FHLB(3) securities [2],[3] 940,000
Proceeds from sale of foreclosed assets 7,143,000 1,774,000
Net Cash Used in Investing Activities (104,491,000) (94,409,000)
Financing Activities:    
Net increase in deposits 104,211,000 17,737,000
Net increase (decrease) in short-term borrowings and FHLB(3) advances 3,330,000 (52,721,000)
Exercise of stock options/issuance of shares 11,588,000 4,848,000
Tax benefit increase (decrease) upon exercise and expiration of stock options 199,000 (1,215,000)
Retirement of common stock (5,780,000) (15,028,000)
Common stock dividends paid (29,912,000) (29,168,000)
Net Cash Provided by (Used in) Financing Activities 83,636,000 (75,547,000)
Net Change In Cash and Due from Banks 38,323,000 (112,249,000)
Cash and Due from Banks at Beginning of Period 433,044,000 380,836,000
Cash and Due from Banks at End of Period 471,367,000 268,587,000
Supplemental disclosure of non cash activities:    
Loan collateral transferred to other real estate owned 488,000 4,911,000
Securities purchases pending settlement 171,000
Supplemental disclosure of cash flow activities:    
Interest paid for the period 1,635,000 1,941,000
Income tax payments for the period $ 14,032,000 $ 12,596,000
[1] Federal Deposit Insurance Corporation ("FDIC").
[2] Federal Home Loan Bank ("FHLB")
[3] Federal Reserve Bank ("FRB")