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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
OPERATING ACTIVITIES    
Net income $ 63,674 $ 53,733
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 12,901 12,379
Net (decrease) increase in Provision for unfunded loan commitments (546) 90
Depreciation, amortization and accretion 1,597 2,858
Net amortization of discounts and premiums on securities 3,065 2,816
Stock-based compensation expense 2,353 1,862
Securities gains (3,987) 0
Mortgage loans originated for sale (66,535) (75,505)
Proceeds from the sale of mortgage loans 66,604 77,009
Gain on the sale of mortgage loans, net (1,061) (1,154)
Gain on the sale of credit card portfolio 0 (2,066)
Pension plan curtailment gain 0 (1,017)
Net increase in interest receivable (3,886) (4,019)
Net increase in interest payable 448 1,117
Net decrease in other assets 8,735 702
Net increase in other liabilities 69 3,586
Net Cash Provided by Operating Activities 83,431 72,391
INVESTING ACTIVITIES    
Purchases of securities available-for-sale (69,699) (53,282)
Proceeds from maturities, prepayments and calls of securities available-for-sale 58,601 52,049
Proceeds from sales of securities available-for-sale 7,751 0
Net proceeds from (purchases of) Federal Home Loan Bank stock 1,304 (5,298)
Net increase in loans (268,132) (406,370)
Proceeds from sale of loans not originated for resale 3,581 8,433
Purchases of premises and equipment (3,646) (2,744)
Proceeds from the sale of premises and equipment 376 20
Proceeds from the sale of credit card portfolio 0 25,019
Net Cash Used in Investing Activities (269,864) (382,173)
FINANCING ACTIVITIES    
Net increase in deposits 109,637 169,751
Net increase in certificates of deposit 61,048 99,612
Net decrease in securities sold under repurchase agreements (10,909) (21,138)
Net increase in short-term borrowings 25,000 209,000
Repayments of long-term borrowings (1,802) (101,740)
Treasury shares issued-net (688) (115)
Cash dividends paid to common shareholders (20,899) (19,824)
Net Cash Provided by Financing Activities 161,387 335,546
Net (decrease) increase in cash and cash equivalents (25,046) 25,764
Cash and cash equivalents at beginning of period 139,486 99,399
Cash and Cash Equivalents at End of Period 114,440 125,163
Supplemental Disclosures    
Loans transferred to held for sale, net 43,151 1,540
Deposits transferred to held for sale 38,960 0
Interest paid 24,682 16,761
Income taxes paid, net of refunds 21,096 17,974
Transfers of loans to other real estate owned $ 2,116 $ 581