Condensed Financial Information (parent company only)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information (parent company only)

CONDENSED FINANCIAL INFORMATION (parent company only)

Presented below is condensed financial information as to financial position, results of operations, and cash flows of the Corporation.

Condensed Balance Sheets

	December 31, 2016		December 31, 2015
Assets
Cash	$	31,944	$	43,622
Investment in subsidiaries	978,291		932,372
Investment securities	18,765
Premises and equipment	1,260		1,361
Interest receivable	47		47
Goodwill	448		448
Cash surrender value of life insurance	1,082		1,041
Tax asset, deferred and receivable	521		2,024
Other assets	5,274		5,195
Total assets	$	1,037,632	$	986,110
Liabilities
Subordinated debentures and term loans	$	127,427	$	127,663
Interest payable	880		873
Other liabilities	7,668		7,065
Total liabilities	135,975		135,601
Stockholders' equity	901,657		850,509
Total liabilities and stockholders' equity	$	1,037,632	$	986,110

Condensed Statements of Income and Comprehensive Income

	December 31, 2016			December 31, 2015			December 31, 2014
Income
Dividends from subsidiaries	$	33,546		$	39,032		$	53,231
Gain on the sale of insurance subsidiary				8,265
Gain on cancellation of subordinated debentures				1,250
Other income	143			197			538
Total income	33,689			48,744			53,769
Expenses
Interest expense	7,185			6,661			6,616
Salaries and employee benefits	639			3,023			3,128
Net occupancy and equipment expenses	832			464			442
Other outside services	967			1,455			458
Professional services	279			636			409
Other expenses	(470		)	1,234			1,132
Total expenses	9,432			13,473			12,185
Income before income tax benefit (expense) and equity in undistributed income of subsidiaries	24,257			35,271			41,584
Income tax benefit (expense)	3,243			(974		)	3,999
Income before equity in undistributed income of subsidiaries	27,500			34,297			45,583
Equity in undistributed (distributions in excess of) income of subsidiaries	53,551			31,087			14,579
Net income available to common stockholders	$	81,051		$	65,384		$	60,162
Net income	$	81,051		$	65,384		$	60,162
Other comprehensive income (loss)	(12,219		)	268			4,780
Comprehensive income	$	68,832		$	65,652		$	64,942

Condensed Statement of Cash Flows

	Year Ended December 31,
	2016			2015			2014
Cash Flow From Operating Activities:
Net income	$	81,051		$	65,384		$	60,162
Adjustments to Reconcile Net Income to Net Cash:
Share-based compensation	1,166			843			887
Distributions in excess of (equity in undistributed) income of subsidiaries	(53,551		)	(31,087		)	(14,579		)
Gain on sale of insurance subsidiary				(8,265		)
Gain on cancellation of subordinated debentures				(1,250		)
Net Change in:
Other assets	833			(441		)	2,425
Other liabilities	849			(1,486		)	1,466
Investment in subsidiaries - operating activities	(1,938		)	197			(4,517		)
Net cash provided by operating activities	28,410			23,895			45,844
Cash Flow From Investing Activities:
Purchase of securities available for sale	(19,804		)
Net cash paid in acquisition				(14,500		)	(12,832		)
Proceeds from business divestitures				16,000
Other				575
Net cash provided (used) in investing activities	(19,804		)	2,075			(12,832		)
Cash Flow From Financing Activities:
Cash dividends	(22,203		)	(15,654		)	(10,694		)
Repayment of borrowings				(3,750		)
Proceeds from issuance of long-term debt
Preferred stock redemption under small business lending fund
Stock issued under employee benefit plans	462			460			478
Stock issued under dividend reinvestment and stock purchase plan	835			661			523
Stock options exercised	2,602			1,531			564
Stock redeemed	(1,980		)	(1,640		)	(1,067		)
Net cash used by financing activities	(20,284		)	(18,392		)	(10,196		)
Cash, beginning of the year	43,622			36,044			13,228
Cash, end of year	$	31,944		$	43,622		$	36,044