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Consolidated Statements of Cash Flows Statement (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities:      
Net income $ 12,555 $ 5,581 $ 4,190
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, and accretion, net 17,194 15,797 4,088
Provision for loan losses 7,998 26,916 25,721
Bank owned life insurance income (351) (608) (1,051)
Net (gain) loss on investment securities 473 5,066 (6,261)
Loans originated for sale (72,132) (66,408) (96,731)
Proceeds from sales of loans 73,507 65,212 96,399
Net gains on sales of loans (1,432) (1,357) (1,602)
Deferred income tax expense (benefit) 462 (1,814) (5,212)
Increase (decrease) in accrued expenses 1,472 (155) 155
(Decrease) increase in interest receivable 290 1,193 (41)
Other, net 4,294 5,826 (8,921)
Net cash provided by operating activities 43,384 45,117 23,256
Available-for-sale securities:      
Purchases (198,556) (269,396) (279,018)
Proceeds from sales 59,868 150,844 90,239
Proceeds from maturities, calls and prepayments 126,587 202,671 174,808
Purchase of held-to-maturity securities (13,341) (2,000) (963)
Net decrease in loans 11,430 61,069 24,670
Net expenditures for premises and equipment (1,290) (1,979) (2,154)
Proceeds from sales of other real estate owned 2,158 499 512
Proceeds from bank owned life insurance 4,499 0 0
Investment in limited partnership and tax credit funds (234) (249) (248)
Net cash (used in) provided by investing activities (8,879) 141,459 7,846
Financing activities:      
Net increase in non-interest-bearing deposits 24,768 17,069 17,960
Net (decrease) increase in interest-bearing deposits (35,379) (51,450) 11,455
Net increase (decrease) in short-term borrowings 134 (25,412) (21,931)
Proceeds from long-term borrowings 0 5,000 5,000
Payments on long-term borrowings (15,391) (93,410) (67,184)
Issuance of preferred shares and common stock warrant 0 0 39,000
Repurchase of preferred shares (39,000) 0 0
Preferred stock dividends (1,232) (1,950) (1,543)
Cash dividends paid on common shares (3,922) (3,822) (7,426)
Purchase of treasury stock (187) (181) (249)
Proceeds from issuance of common shares 10 447 5
Excess tax expense for stock-based compensation 0 4 (14)
Net cash used in financing activities (70,199) (153,705) (24,927)
Net (decrease) increase in cash and cash equivalents (35,694) 32,871 6,175
Cash and Cash Equivalents at beginning of period 74,644 41,773 35,598
Cash and Cash Equivalents at end of period 38,950 74,644 41,773
Interest paid 21,386 30,109 41,015
Income taxes paid $ 1,574 $ 385 $ 1,262