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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 15,413 $ 10,582
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization of bank premises and equipment 5,608 5,837
Amortization and accretion of investment securities 12,506 11,265
Originations of loans held for sale (180,581) (93,643)
Proceeds from sales of loans held for sale 177,219 93,710
(Benefit) provision for loan losses (7,500) 0
Provision for current income taxes 5,864 546
Provision for deferred income taxes 3,430 5,289
Decrease in deferred tax asset valuation allowance (6,125) 0
(Increase) decrease in accrued interest receivable (142) 3,056
Increase (decrease) in accrued interest payable 11 (62,558)
Gain on loans sold and held for sale (4,930) (2,419)
Net gain on investment securities (7,201) (1,279)
Net gain on sale of other real estate (5,188) (1,134)
Decrease in fair value of servicing rights 1,040 1,133
Write-downs on other real estate 332 197
Restructuring charges on retail branch offices and other facilities 17,579 0
Other operating activities, net (1,606) 1,295
Net cash provided by (used in) operating activities 25,729 (28,123)
Cash flows from investing activities:    
Net cash paid for sale of assets and liabilities of discontinued operations, net of cash and cash equivalents sold 0 (15,467)
Proceeds from sales of investment securities available for sale 119,898 166,320
Maturities of investment securities available for sale 119,166 90,817
Maturities of investment securities held to maturity 42,188 38,410
Purchases of investment securities available for sale (288,121) (62,293)
Purchases of investment securities held to maturity (23,297) (2,595)
Net redemptions (purchases) of Federal Reserve Bank and Federal Home Loan Bank stock 68 (3,031)
Proceeds from sales of commercial loans 22,588 3,682
Purchase of one-to-four-family residential real estate loans (40,621) 0
Net increase in loans (177,073) (104,943)
Net purchases of bank premises and equipment (4,971) (3,674)
Net proceeds from sales of other real estate 49,520 10,103
Other investing activities, net 118 1,170
Net cash (used in) provided by investing activities (180,537) 118,499
Cash flows from financing activities:    
Increase (decrease) in deposits 207,021 (7,861)
(Decrease) increase in securities sold under agreements to repurchase (19,259) 14,429
Net cash provided by financing activities 187,762 6,568
Net increase in cash and cash equivalents 32,954 96,944
Cash and cash equivalents, beginning of period 205,402 190,435
Cash and cash equivalents, end of period 238,356 287,379
Supplemental disclosures of cash flow information:    
Cash paid for interest on liabilities 10,297 73,470
Cash paid for income taxes 9 447
Noncash investing and financing activities:    
Loans transferred to other real estate $ 1,507 $ 2,915