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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities    
Net income $ 48,941,000 $ 46,163,000
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Credit for loan losses (2,500,000) (10,500,000)
Provision for losses on other real estate owned 272,000 128,000
Deferred tax liability 14,283,000 13,315,000
Depreciation and amortization 1,769,000 1,923,000
Net gains on sale and transfer of other real estate owned (219,000)
Net gains on sale of loans (102,000)
Proceeds from sales of loans 7,500,000 3,391,000
Originations of loans held-for-sale (3,289,000)
Amortization on alternative energy partnerships, venture capital and other investments 187,000 1,304,000
Net loss on sales and calls of securities 438,000
Amortization/accretion of security premiums/discounts, net 727,000 1,527,000
Write-down on impaired securities 28,000 206,000
Stock based compensation and stock issued to officers as compensation 1,183,000 1,578,000
Net change in accrued interest receivable and other assets (5,617,000) (7,328,000)
Net change in other liabilities (12,926,000) (7,207,000)
Net cash provided by operating activities 54,066,000 41,109,000
Cash Flows from Investing Activities    
Decrease in short-term investments 337,009,000 104,496,000
Purchase of investment securities available-for-sale (99,965,000) (25,898,000)
Proceeds from sale of investment securities available-for-sale 99,541,000
Proceeds from repayments, maturities and calls of investment securities available-for-sale 85,439,000 143,464,000
Net increase in loans (170,843,000) (174,402,000)
Purchase of premises and equipment (1,016,000) (1,063,000)
Proceeds from sales of other real estate owned 878,000
Net decrease/(increase) in investment in affordable housing and alternative energy partnerships 565,000 (22,326,000)
Net cash provided by investing activities 251,608,000 24,271,000
Cash Flows from Financing Activities    
Net decrease in deposits (87,333,000) (184,803,000)
Net decrease in federal funds purchased and securities sold under agreements to repurchase (200,000,000)
Advances from Federal Home Loan Bank 250,000,000 450,000,000
Repayment of Federal Home Loan Bank borrowings (275,000,000) (250,000,000)
Cash dividends paid (16,756,000) (14,183,000)
Purchases of treasury stock (54,441,000)
Proceeds from shares issued under Dividend Reinvestment Plan 617,000 545,000
Proceeds from exercise of stock options 422,000 49,000
Taxes paid related to net share settlement of RSUs (5,118,000) (35,000)
Net cash used in financing activities (333,169,000) (52,868,000)
(Decrease)/increase in cash and cash equivalents (27,495,000) 12,512,000
Cash and cash equivalents, beginning of the period 218,017,000 180,130,000
Cash and cash equivalents, end of the period 190,522,000 192,642,000
Supplemental disclosure of cash flow information    
Interest 20,495,000 20,310,000
Income taxes paid 15,896,000 4,789,000
Non-cash investing and financing activities:    
Net change in unrealized holding gain on securities available-for-sale, net of tax (226,000) 10,473,000
Net change in unrealized holding loss on cash flow hedge derivatives 299,000 (3,120,000)
Transfers to other real estate owned from loans held for investment 726,000 2,698,000
Loans transferred from held for sale to held for investment, net 6,676,000
Loans transferred from held for investment to held for sale, net $ 5,835,000