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Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 8,102$ 6,342
Adjustments to reconcile net income to net cash provided by operating activities:  
Provision for loan losses2,5842,727
Depreciation, amortization and accretion, net3,9582,562
Stock-based compensation expense10639
Gains on investment securities, net(412)(543)
Other-than-temporary impairment losses recognized in earnings5841,403
(Gains) losses on sales of other real property owned, net712(158)
Loss on write down of fixed assets12
Gains on sale of loans held for sale, net(426)(453)
Origination of loans held for sale(34,207)(34,223)
Proceeds from sale of loans held for sale33,28934,563
Increase in other assets(2,366)(5,569)
Increase (decrease) in other liabilities3,1362,564
Net cash provided by operating activities15,0619,256
Cash flows from investing activities:  
Proceeds from maturities of certificates of deposit investments8,6119,066
Purchases of certificates of deposit investments(11,392)(9,623)
Proceeds from sales of securities available-for-sale11,14010,936
Proceeds from maturities of securities available-for-sale119,78076,485
Proceeds from maturities of securities held-to-maturity0995
Purchases of securities available-for-sale(229,276)(144,002)
Net (increase) decrease in loans(12,114)35,191
Purchases of premises and equipment(4,145)(1,510)
Proceeds from sales of other real property owned2,0565,855
Net cash acquired from acquisition0180,074
Net cash provided by (used in) investing activities(115,340)163,467
Cash flows from financing activities:  
Net increase (decrease) in deposits(13,821)25,884
Increase in repurchase agreements22,3389,914
Repayment of long term FHLB advances(3,000)(10,000)
Proceeds from short term debt03,000
Repayment of short term debt0(3,000)
Proceeds from issuance of common stock326295
Proceeds from issuance of preferred stock19,2500
Purchase of treasury stock(2,015)(958)
Dividends paid on preferred stock(3,156)(1,062)
Dividends paid on common stock(1,697)(1,714)
Net cash provided by financing activities18,22522,359
Increase (decrease) in cash and cash equivalents(82,054)195,082
Cash and cash equivalents at end of period231,49390,411
Cash and cash equivalents at end of period149,439285,493
Cash paid during the period for:  
Interest6,8028,234
Income taxes2,3975,048
Supplemental disclosures of noncash investing and financing activities  
Loans transferred to other real estate owned1,5008,127
Dividends reinvested in common stock641645
Net tax benefit related to option and deferred compensation plans$ 31$ 46