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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,275 $ 1,723
Adjustments to net income:    
Depreciation and amortization expense 1,088 904
Provision for loan losses 1,979 618
Share-based compensation expense 257 423
Loss on sale and disposal of premises and equipment 23  
Loss on sale of other real estate owned 17 226
Write down of other real estate owned   354
Amortization of premium/discounts on securities held for sale, net 1,220 1,366
Amortization of loan mark-to-market discount from FDIC transaction (1,167) (1,529)
Loss from fair market value adjustment to loans held for sale 180  
Gain on sale of investment securities available for sale (160) (1,068)
Other-than-temporary impairment loss (recovery) on investment securities, net (23) 35
Gain on sale of loans held for investment (1,846) (945)
Recoveries on loans 55 229
Principal payments from loans held for sale 31 64
Deferred income tax provision (2,319) (1,757)
Change in accrued expenses and other liabilities, net (595) 6,011
Income from bank owned life insurance, net (394) (282)
Change in accrued interest receivable and other assets, net (2,754) 437
Net cash provided by operating activities 2,867 6,809
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale and principal payments on loans held for investment 147,372 86,720
Net change in undisbursed loan funds 24,913 146,741
Purchase and origination of loans held for investment (314,429) (236,886)
Proceeds from sale of other real estate owned 777 1,488
Principal payments on securities available for sale 13,430 16,600
Purchase of securities available for sale (66,274) (6,208)
Proceeds from sale or maturity of securities available for sale 77,947 102,755
Investment in bank own life insurance (2,000)  
Purchases of premises and equipment (517) (1,055)
Purchase of Federal Reserve Bank stock (506) (1,276)
Redemption (purchase) of FHLB stock (2,538) 1,259
Cash acquired (disbursed) in acquisitions, net (7,793) 138,752
Net cash provided by (used in) investing activities (129,618) 248,890
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposit accounts 139,295 (131,304)
Repayment of FHLB advances and other borrowings, net (16,421) (84,323)
Proceeds from issuance of common stock, net of issuance cost   4,560
Proceeds from exercise of stock options 113 10
Repurchase of common stock (2,757) (22)
Net cash provided by (used in) financing activities 120,230 (211,079)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (6,521) 44,620
CASH AND CASH EQUIVALENTS, beginning of period 126,813 59,352
CASH AND CASH EQUIVALENTS, end of period 120,292 103,972
SUPPLEMENTAL CASH FLOW DISCLOSURES    
Interest paid 2,924 2,637
Income taxes paid 7,300 5,850
Assets acquired (liabilities assumed and capital created) in acquisitions (See Note 4):    
Investment securities   347,196
FHLB and TIB Stock   653
Loans 78,833 68,815
Core deposit intangible   4,766
Other real estate owned   752
Goodwill 5,522 18,234
Fixed assets 74 1,446
Other assets 702 7,800
Deposits   (540,725)
Other borrowings (67,617) (16,905)
Other liabilities (709) (6,276)
Additional paid-in capital (9,012) (30,364)
NONCASH INVESTING ACTIVITIES DURING THE PERIOD    
Transfers from loans to other real estate owned 360 244
Loans held for sale transfer to loans held for investment $ 2,936