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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net Income $ 27,668 $ 24,228
Adjustment to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 4,197 6,548
Deferred tax expense 7,102 4,918
Depreciation and amortization 3,802 8,436
Net gains on securities and other assets (235) (2,843)
Net amortization of premiums and discounts on securities 1,151 1,000
Net accretion of premiums and discounts on long term debt 0 (37)
Income from increase in cash surrender value of bank owned life insurance (2,732) (2,576)
Decrease in interest receivable 74 668
Mortgage loans originated for sale (39,941) 0
Proceeds from sale of mortgage loans 36,079 0
Decrease in interest payable (200) (288)
Increase in income taxes payable 503 998
Other-net (14,817) 5,685
Net cash provided by operating activities 22,651 46,737
Investing Activities    
Proceeds from sale and maturity of held-to-maturity securities 1,115 0
Payments to acquire held-to-maturity securities (131,145) 0
Proceeds from maturities and redemptions of available-for-sale securities 235,971 152,846
Purchases of available-for-sale securities (10,800) (153,310)
Purchases of FHLB stock (29,251) (18,659)
Proceeds from the redemption of FHLB stock 20,449 10,025
Proceeds from bank owned life insurance 294 939
Proceeds from sale of loans 102 3,112
Proceeds from sale of other assets 2,282 9,500
Net increase in loans (48,785) (66,085)
Purchases of premises and equipment (2,521) (6,229)
Net cash provided by (used in) investing activities 37,711 (67,861)
Financing Activities    
Net increase in federal funds purchased 15,000 13,000
Net increase in other short-term borrowings 111,041 206,259
Net decrease in deposits (105,404) (143,441)
Repayments of other long-term debt (50,270) (7,675)
Discount on dividend reinvestment plan purchases 0 (65)
Dividends paid (12,635) (13,205)
Proceeds from reissuance of treasury stock 192 192
Purchase of treasury stock (25,383) (13,369)
Net cash (used in) provided by financing activities (67,459) 41,696
Net (decrease) increase in cash and cash equivalents (7,097) 20,572
Cash and cash equivalents at January 1 74,538 77,439
Cash and cash equivalents at June 30 $ 67,441 $ 98,011