Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets - Parent Company Only

Condensed Balance Sheets—Parent Company Only

	December 31,
	2015		2014
	(in thousands)
Assets
Cash and due from banking subsidiary	$	3,429	$	10,322
Interest-earning deposits	560		12,274
Total cash and cash equivalents	3,989		22,596
Investment in banking subsidiary	1,228,070		1,207,143
Investment in other subsidiaries	5,567		5,351
Other assets	4,833		5,273
Total assets	$	1,242,459	$	1,240,363
Liabilities and Shareholders’ Equity
Other borrowings	$	—	$	8,248
Other liabilities	331		3,940
Total liabilities	331		12,188
Shareholders’ equity	1,242,128		1,228,175
Total liabilities and shareholders’ equity	$	1,242,459	$	1,240,363

Condensed Statements of Income - Parent Company Only

Condensed Statements of Income—Parent Company Only

	Years Ended December 31,
	2015			2014			2013
	(in thousands)
Income
Dividend from banking subsidiary	$	67,000		$	16,200		$	183,000
Interest-earning deposits	5			25			68
Other income	92			10			7
Total income	67,097			16,235			183,075
Expense
Compensation and employee benefits	618			530			658
Other borrowings	5			83			258
Other expense	1,368			1,433			4,162
Total expenses	1,991			2,046			5,078
Income before income tax benefit and equity in undistributed (excess distributed) earnings of subsidiaries	65,106			14,189			177,997
Income tax benefit	(663		)	(704		)	(1,552		)
Income before equity in undistributed (excess distributed) earnings of subsidiaries	65,769			14,893			179,549
Equity in undistributed (excess distributed) earnings of subsidiaries	33,058			66,681			(119,533		)
Net income	$	98,827		$	81,574		$	60,016

Condensed Statements of Cash Flows - Parent Company Only

Condensed Statements of Cash Flows—Parent Company Only

	Years Ended December 31,
	2015			2014			2013
	(in thousands)
Operating Activities
Net income	$	98,827		$	81,574		$	60,016
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in (undistributed) excess distributed earnings of subsidiaries	(33,058		)	(66,681		)	119,533
Stock-based compensation expense	4,090			2,859			2,844
Net changes in other assets and liabilities	(3,170		)	(403		)	6,830
Net cash provided by operating activities	66,689			17,349			189,223
Investing Activities
Net cash acquired (paid) in business combinations	—			10,277			(53,159		)
Net cash provided by (used in) investing activities	—			10,277			(53,159		)
Financing Activities
Preferred stock dividends	(137		)	(96		)	(32		)
Common stock dividends	(77,263		)	(49,494		)	(19,858		)
Repayment of other borrowings	(8,248		)	(14,636		)	(51,000		)
Exercise of warrants	—			5,000			—
Purchase and retirement of common stock	(906		)	(622		)	(429		)
Proceeds from exercise of stock options	1,258			929			1,092
Downstream stock offering proceeds to the Bank	—			—			(100,000		)
Excess tax benefit associated with share-based compensation	—			205			1,203
Net cash used in financing activities	(85,296		)	(58,714		)	(169,024		)
Decrease in cash and cash equivalents	(18,607		)	(31,088		)	(32,960		)
Cash and cash equivalents at beginning of year	22,596			53,684			86,644
Cash and cash equivalents at end of year	$	3,989		$	22,596		$	53,684