XML 15 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 5,263 $ 3,862
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 4,100 5,134
Depreciation of premises and equipment 666 637
Other-than-temporary impairment on equity securities 3 7
Net gain on sales of investment securities (258)  
Net (gain) loss on mortgage banking activities (1,272) 25
Net gain on dispositions of fixed assets (1)  
Net loss on sales and write-downs of other real estate owned 31 352
Bank owned life insurance income (1,506) (344)
Other adjustments to reconcile net income to cash provided by operating activities 185 829
Originations of loans held for sale (49,513) (44,261)
Proceeds from the sale of loans held for sale 50,813 47,576
Decrease (increase) in accrued interest receivable and other assets 433 (1,463)
(Decrease) increase in accrued interest payable and other liabilities (3,190) 11,921
Net cash provided by operating activities 5,754 24,275
Cash flows from investing activities:    
Net capital expenditures (514) (395)
Proceeds from maturities of securities held-to-maturity   11
Proceeds from maturities and calls of securities available-for-sale 40,646 59,101
Proceeds from sales of securities available-for-sale 62,107  
Purchases of investment securities available-for-sale (84,317) (36,834)
Net (increase) decrease in loans and leases (16,797) 21,861
Net decrease in interest-bearing deposits 1,430 3,312
Proceeds from bank owned life insurance 2,415  
Proceeds from sales of other real estate owned 1,482  
Net cash provided by investing activities 6,452 47,056
Cash flows from financing activities:    
Net decrease in deposits (19,202) (21,045)
Net increase (decrease) in short-term borrowings 7,349 (18,320)
Repayment of subordinated debt (375)  
Purchases of treasury stock (611) (51)
Stock issued under dividend reinvestment and employee stock purchase plans and other employee benefit programs 941 773
Cash dividends paid (3,344) (3,314)
Net cash used in financing activities (15,242) (41,957)
Net (decrease) increase in cash and due from banks (3,036) 29,374
Cash and due from banks at beginning of year 39,857 11,624
Cash and due from banks at end of period 36,821 40,998
Cash paid during the year for:    
Interest 2,742 3,437
Income taxes, net of refunds received 76 85
Noncash transfer of loans to other real estate owned   $ 3,960