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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating Activities    
Net income $ 38,432 $ 34,969
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion and amortization (3,889) (7,885)
Provision for loan losses 3,670 4,903
Depreciation of premises and equipment 4,553 4,289
Deferred income tax expense 3,921 4,945
Net periodic employee benefit cost 393 586
Realized investment securities gains (972) (93)
Stock-compensation expense 1,210 963
Increase in value of bank-owned life insurance (2,291) (2,413)
Loans originated for sale (4,911) (20,895)
Proceeds from the sale of loans originated for sale 5,075 25,816
Gain on sale of loans (131) (553)
Change in accrued interest receivable (885) (22)
Change in other assets (5,829) 20,734
Change in other liabilities (3,763) (6,922)
Net Cash Provided by Operating Activities 34,583 58,422
Investing Activities    
Proceeds from sales of securities available-for-sale 1,821 18,398
Proceeds from maturities and calls of securities available-for-sale 37,071 78,671
Proceeds from maturities and calls of securities held-to-maturity 4,124 9,504
Purchases of securities available-for-sale (17,058) (42,295)
Purchases of securities held-to-maturity (10,226) 0
Net increase in loans (23,454) (39,643)
Purchases of premises and equipment (1,085) (4,663)
Acquisition of Community Financial Corporation, net of cash acquired of $8,888 0 (21,852)
Net Cash Used in Investing Activities (8,807) (1,880)
Financing Activities    
Net increase in noninterest-bearing deposits 5,263 25,440
Net increase (decrease) in interest-bearing deposits 3,597 (9,360)
Net increase in short-term borrowings 8,317 36,297
Purchases of treasury stock (19,533) 0
Proceeds from exercise of stock options, net of tax benefit 553 2,766
Dividends paid (18,357) (17,058)
Net Cash (Used in) Provided by Financing Activities (20,160) 38,085
Increase in Cash and Cash Equivalents 5,616 94,627
Cash and cash equivalents at beginning of period 85,876 84,994
Cash and Cash Equivalents at End of Period $ 91,492 $ 179,621