Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Statements of Income - Parent Company Only

Condensed Statements of Income—Parent Company Only

	Years Ended December 31,
	2013			2012			2011
	(in thousands)
Income
Dividend from banking subsidiary	$	183,000		$	48,950		$	—
Interest-earning deposits	68			153			712
Other income	7			—			17
Total income	183,075			49,103			729
Expense
Compensation and employee benefits	658			182			88
Long-term obligations	—			—			579
Other borrowings	258			—			—
Other expense	4,162			1,193			1,114
Total expenses	5,078			1,375			1,781
Income (loss) before income tax expense (benefit) and equity in undistributed net income of subsidiaries	177,997			47,728			(1,052		)
Income tax expense (benefit)	(1,552		)	(435		)	91
Income (loss) before equity in undistributed net income of subsidiaries	179,549			48,163			(1,143		)
Equity in undistributed net income (loss) of subsidiaries	(119,533		)	(2,020		)	49,180
Net income	$	60,016		$	46,143		$	48,037

Condensed Balance Sheets - Parent Company Only

Condensed Balance Sheets—Parent Company Only

	December 31,
	2013		2012
	(in thousands)
Assets
Cash and due from banking subsidiary	$	3,006	$	1,729
Interest-earning deposits	50,678		84,915
Total cash and cash equivalents	53,684		86,644
Investment in banking subsidiary	993,002		676,974
Investment in other subsidiaries	5,037		—
Other assets	1,952		649
Total assets	$	1,053,675	$	764,267
Liabilities and Shareholders’ Equity
Other liabilities	$	426	$	259
Total liabilities	426		259
Shareholders’ equity	1,053,249		764,008
Total liabilities and shareholders’ equity	$	1,053,675	$	764,267

Condensed Statements of Cash Flows - Parent Company Only

Condensed Statements of Cash Flows—Parent Company Only

	Years Ended December 31,
	2013			2012			2011
	(in thousands)
Operating Activities
Net income	$	60,016		$	46,143		$	48,037
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed loss (earnings) of subsidiaries	119,533			2,020			(49,180		)
Stock-based compensation expense	2,844			1,622			1,635
Net changes in other assets and liabilities	6,830			(264		)	315
Net cash provided by operating activities	189,223			49,521			807
Investing Activities
Net cash paid in business combinations	(53,159		)	—			—
Proceeds from termination of trust subsidiaries	—			—			774
Net cash provided by (used in) investing activities	(53,159		)	—			774
Financing Activities
Preferred stock dividends	(32		)	—			—
Common stock dividends	(19,858		)	(38,824		)	(10,660		)
Repayment of long-term subordinated debt	(51,000		)	—			(25,774		)
Purchase and retirement of common stock	(429		)	—			(32		)
Proceeds from exercise of stock options	1,092			713			848
Downstream stock offering proceeds to the Bank	(100,000		)	—			(50,000		)
Excess tax benefit associated with share-based compensation	1,203			—			98
Net cash used in financing activities	(169,024		)	(38,111		)	(85,520		)
Increase (decrease) in cash and cash equivalents	(32,960		)	11,410			(83,939		)
Cash and cash equivalents at beginning of year	86,644			75,234			159,173
Cash and cash equivalents at end of year	$	53,684		$	86,644		$	75,234