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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES:    
Net income $ 38,329 $ 42,356
Adjustments to reconcile net income to net cash provided from operating activities:    
Depreciation 6,279 6,081
Deferred income and expense, net of amortization 2,194 2,555
Amortization of core deposit intangibles 1,268 1,460
Loss (gain) on sale of securities 537 (41)
Net change in valuation of financial instruments carried at fair value (735) (1,662)
Purchases of securities—trading (6,337) (2,387)
Proceeds from sales of securities—trading 2,485 2,387
Principal repayments and maturities of securities—trading 7,905 16,791
Bargain purchase gain on acquisition 0 (9,079)
Change in deferred taxes 97 5,713
Increase in current taxes payable 2,800 9,995
Equity-based compensation 1,944 1,677
Increase in cash surrender value of BOLI (1,425) (1,329)
Gain on sale of loans, net of capitalized servicing rights (8,139) (4,235)
Gain on disposal of real estate held for sale and property and equipment (338) (817)
Provision for losses on real estate held for sale 216 37
Origination of loans held for sale (455,178) (262,159)
Proceeds from sales of loans held for sale 462,967 262,179
Net change in:    
Other assets (5,888) (2,118)
Other liabilities 1,625 (33)
Net cash provided from operating activities 50,606 67,371
INVESTING ACTIVITIES:    
Purchases of securities—available-for-sale (93,508) (48,022)
Principal repayments and maturities of securities—available-for-sale 57,301 29,198
Proceeds from sales of securities—available-for-sale 40,293 55,982
Purchases of securities—held-to-maturity (11,490) (35,121)
Principal repayments and maturities of securities—held-to-maturity 9,609 3,857
Loan originations, net of principal repayments (78,947) (151,355)
Purchases of loans and participating interest in loans (243,282) (152,321)
Proceeds from sales of other loans 29,238 4,609
Net cash received from acquisitions 78,599 127,557
Purchases of property and equipment (9,847) (4,024)
Proceeds from sale of real estate held for sale, net 3,155 3,631
Proceeds from FHLB stock repurchase program 21,453 6,284
Purchase of FHLB stock (648) 0
Other 241 (2,063)
Net cash used by investing activities (197,833) (161,788)
FINANCING ACTIVITIES:    
Increase in deposits, net 172,298 161,106
Repayments of FHLB borrowings, net (15,806) (27,005)
Increase (decrease) in other borrowings, net 10,899 (15,451)
Cash dividends paid (11,031) (9,950)
Cash proceeds from issuance of stock for stockholder reinvestment plan 34 93
Net cash provided from financing activities 156,394 108,793
NET CHANGE IN CASH AND CASH EQUIVALENTS 9,167 14,376
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 126,072 137,349
CASH AND CASH EQUIVALENTS, END OF PERIOD 135,239 151,725
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid in cash 7,825 8,277
Taxes paid, net of refunds received in cash 16,491 6,102
NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Loans, net of discounts, specific loss allowances and unearned income, transferred to real estate owned and other repossessed assets 3,251 3,019
ACQUISITIONS (Note 4):    
Assets acquired 370,306 221,206
Liabilities assumed $ 327,548 $ 212,127