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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 $ 38,257 $ 40,036
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 1,530 (3,700)
Depreciation and amortization of premises and equipment 6,949 7,361
Net amortization of investment securities premiums 2,055 1,431
Investment securities gains, net (947) (4,145)
Gain on sales of mortgage loans held for sale (2,670) (3,533)
Proceeds from sales of mortgage loans held for sale 114,255 171,051
Originations of mortgage loans held for sale (114,418) (184,120)
Amortization of intangible assets 0 130
Amortization of issuance costs on long-term debt 154 147
Stock-based compensation 1,436 1,071
Excess tax benefits from stock-based compensation (10) (15)
Increase in accrued interest receivable (1,612) (398)
(Increase) decrease in other assets (4,469) 3,794
Increase in accrued interest payable 2,843 312
(Decrease) increase in other liabilities (9,245) 1,234
Total adjustments (4,149) (9,380)
Net cash provided by operating activities 34,108 30,656
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available for sale 46,541 11,567
Proceeds from maturities of securities available for sale 117,221 105,647
Purchase of securities available for sale (169,436) (37,142)
Increase in short-term investments (115,544) (280,584)
Net increase in loans (38,976) (6,362)
Net purchases of premises and equipment (9,471) (7,575)
Net cash used in investing activities (169,665) (214,449)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand and savings deposits 269,899 171,022
Net increase (decrease) in time deposits 2,064 (24,031)
(Decrease) increase in short-term borrowings (144,780) 80,386
Additions to long-term debt 16,000 0
Repayments of long-term debt (42) (45,043)
Net proceeds from issuance of common stock 1,637 1,926
Excess tax benefits from stock-based compensation 10 15
Dividends paid (15,676) (14,314)
Acquisition of treasury stock (11,196) 0
Net cash provided by financing activities 117,916 169,961
Net Decrease in Cash and Due From Banks (17,641) (13,832)
Cash and Due From Banks at Beginning of Period 101,120 105,702
Cash and Due From Banks at End of Period 83,479 91,870
Cash paid during the period for:    
Interest 17,414 21,879
Income taxes $ 3,972 $ 146