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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net Income $ 40,082 $ 36,724
Adjustment to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 8,818 8,621
Deferred tax expense 12,520 6,207
Depreciation and amortization 5,750 11,659
Net gains on securities and other assets (952) (3,137)
Net amortization of premiums and discounts on securities 2,012 1,610
Net accretion of premiums and discounts on long term debt 0 (37)
Income from increase in cash surrender value of bank owned life insurance (4,089) (3,904)
Increase in interest receivable (167) (339)
Mortgage loans originated for sale (67,708) (3,810)
Proceeds from sale of mortgage loans 67,071 2,569
Decrease in interest payable (173) (476)
(Decrease) increase in income taxes payable (22) 1,157
Other-net (10,757) 772
Net cash provided by operating activities 52,385 57,616
Investing Activities    
Proceeds from sale and maturity of held-to-maturity securities 3,828 0
Payments to acquire held-to-maturity securities (156,756) 0
Proceeds from Sale of Available-for-sale Securities 0 132,868
Proceeds from maturities and redemptions of available-for-sale securities 286,924 199,580
Purchases of available-for-sale securities (16,600) (325,955)
Purchases of FHLB stock (46,911) (32,115)
Proceeds from the redemption of FHLB stock 36,980 16,565
Proceeds from bank owned life insurance 378 1,776
Proceeds from sale of loans 2,898 3,112
Proceeds from sale of other assets 3,668 11,314
Net increase in loans (140,268) (146,863)
Purchases of premises and equipment (3,740) (9,781)
Net cash used in investing activities (29,599) (149,499)
Financing Activities    
Net increase in federal funds purchased 11,000 3,500
Net increase in other short-term borrowings 212,918 404,852
Net decrease in deposits (154,018) (231,475)
Repayments of other long-term debt (50,407) (32,808)
Proceeds from Issuance of Long-term Debt 0 5,000
Discount on dividend reinvestment plan purchases 0 (65)
Dividends paid (18,862) (19,754)
Proceeds from reissuance of treasury stock 192 192
Purchase of treasury stock (25,383) (30,928)
Net cash (used in) provided by financing activities (24,560) 98,514
Net (decrease) increase in cash and cash equivalents (1,774) 6,631
Cash and cash equivalents at January 1 74,538 77,439
Cash and cash equivalents at September 30 $ 72,764 $ 84,070