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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities:      
Net income $ 77,227 $ 78,630 $ 82,140
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 3,415 35,419 63,272
Loan put provision 0 3,299 0
Amortization of loan fees and costs, net 3,611 2,119 2,871
Provision for depreciation 7,315 6,954 7,583
Other than temporary impairment on investment securities 17 54 0
Amortization of intangible assets 337 2,172 3,534
(Accretion)/amortization of investment securities (33) (239) 490
Amortization of prepayment penalty on long term debt 4,835    
Deferred income tax (2,456) 12,717 28,466
Realized net investment security gains 0 0 (28,829)
Compensation expense for issuance of treasury shares to directors 850 407 388
Loan originations to be sold in secondary market (317,534) (442,890) (269,922)
Proceeds from sale of loans in secondary market 341,611 422,875 263,170
Gain on sale of loans in secondary market 4,093 5,807 3,557
OREO devaluations 3,180 6,872 8,219
Bank owned life insurance income (5,041) (4,754) (5,089)
Changes in assets and liabilities:      
Increase in other assets 514 (15,231) (18,722)
Decrease in other liabilities (7,389) (9,010) (10,826)
Cash included in assets held for sale 0 0 (6,766)
Net cash provided by operating activities 114,552 105,201 123,536
Investing activities:      
Proceeds from sales of held-to-maturity securities 0 0 25,410
Available-for-sale 75,000 0 584,573
Proceeds from calls and maturities of securities:      
Held-to-maturity 219,329 681,513 454,937
Available-for-sale 385,259 666,431 557,552
Purchase of securities:      
Held-to-maturity 0 (262,679) (625,925)
Available-for-sale (582,728) (964,704) (641,751)
Net decrease in other investments 0 1,697 1,095
Net loan originations, portfolio loans 190,167 163,106 71,862
Sales of assets/liabilities related to Vision Bank 0 (144,436) 0
Purchases of bank owned life insurance, net (4,600) (2,500) (3,000)
Purchases of premises and equipment, net (8,842) (6,964) (6,618)
Net cash (used in) provided by investing activities (106,749) (194,748) 274,411
Financing activities      
Net increase (decrease) in deposits 73,962 250,918 (97,708)
Net (decrease) increase in short-term borrowings (102,139) 80,574 (400,075)
Proceeds from issuance of subordinated notes 0 30,000 0
Proceeds from long-term debt 75,000 300,000 203,000
Repayment of sub-debt 0 (25,000) 0
Repayment of long-term debt (50,952) (340,129) (16,551)
Cash payment for repurchase of common share warrant from U.S. Treasury 0 (2,843) 0
Repurchase of preferred shares from U.S. Treasury 0 (100,000) 0
Cash dividends paid (57,949) (60,154) (62,907)
Net cash (used in) provided by financing activities (62,078) 133,366 (374,241)
(Decrease) increase in cash and cash equivalents (54,275) 43,819 23,706
Cash and cash equivalents at beginning of year 201,305 157,486 133,780
Cash and cash equivalents at end of year $ 147,030 $ 201,305 $ 157,486