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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flow From Operating Activities:      
Net income $ 65,384 $ 60,162 $ 44,530
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 417 2,560 6,648
Depreciation and amortization 6,262 6,007 4,670
Change in deferred taxes 4,444 15,048 2,147
Share-based compensation 2,270 2,177 $ 1,773
Tax benefit from stock options exercised (70) (60)
Loans originated for sale (364,411) (222,892) $ (280,693)
Proceeds from sales of Loans 361,752 $ 220,988 $ 297,851
Gain on sale of insurance subsidiary (8,265)
Gain on cancellation of subordinated debentures (1,250)
Gains on sales of securities available for sale (2,670) $ (3,581) $ (487)
Change in interest receivable (2,833) (545) (535)
Change in interest payable $ (162) $ 1,332 (364)
Change in other receivable 110,032
Other adjustments $ (4,208) $ (5,356) (2,441)
Net cash provided by operating activities 56,660 75,840 183,131
Cash Flows from Investing Activities:      
Net change in interest-bearing deposits 24,917 24,075 196,753
Purchases of:      
Securities available for sale (200,154) (110,936) (398,491)
Securities held to maturity (87,282) (142,988) (11,145)
Proceeds from sales of securities available for sale 83,647 126,575 25,222
Proceeds from maturities of:      
Securities available for sale 63,124 68,339 93,273
Securities held to maturity 98,581 69,420 78,534
Change in Federal Reserve and Federal Home Loan Bank stock 7,268 (413) (17)
Net change in loans (350,287) (170,109) (142,861)
Net cash and cash equivalents received (paid) in acquisition (7,936) $ (10,084) $ 10,992
Net cash received from sale of insurance subsidiary 15,155
Proceeds from the sale of other real estate owned 12,567 $ 14,241 $ 12,346
Other investing activities 9 5,889 (2,768)
Net cash used in investing activities (340,391) (125,991) (138,162)
Net change in :      
Demand and savings deposits 240,736 53,062 141,052
Certificates of deposit and other time deposits (79,656) 127,740 (211,399)
Borrowings 491,660 678,290 295,537
Repayment of borrowings (370,813) (789,563) (163,838)
Cash dividends on common stock $ (15,654) $ (10,694) (5,612)
Cash dividends on preferred stock (2,380)
Stock issued under employee benefit plans $ 460 $ 478 479
Stock issued under dividend reinvestment and stock purchase plans 661 523 325
Stock options exercised 1,461 504 $ 115
Tax benefit from stock options exercised $ 70 $ 60
Cumulative preferred stock redeemed (SBLF) $ (90,783)
Stock redeemed $ (1,640) $ (1,067) (491)
Net cash provided by (used in) financing activities 267,285 59,333 (36,995)
Net Change in Cash and Cash Equivalents (16,446) 9,182 7,974
Cash and Cash Equivalents, beginning of the year 118,616 109,434 101,460
Cash and Cash Equivalents, end of year 102,170 118,616 109,434
Additional cash flow information:      
Interest paid 24,903 20,412 16,639
Income tax paid 21,200 6,209 7,578
Loans transferred to other real estate owned 3,644 4,431 7,170
Fixed assets transferred to other real estate owned 1,600 297 461
Non-cash investing activities using trade date accounting 1,559 3,170 4,984
Liabilities assumed in conjunction with acquisitions      
Fair value of assets acquired 635,047 280,725 $ 1,132,231
Cash received (paid) in acquisition (14,500) (14,208)
Less: Common stock issued 70,402 34,981 $ 135,642
Liabilities assumed $ 550,145 $ 231,536 $ 996,589