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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flow From Operating Activities:    
Net Income $ 10,949 $ 1,243
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 11,219 28,884
Depreciation and amortization 2,571 2,889
Share-based compensation 718 933
Tax expense from stock compensation   50
Mortgage loans originated for sale (106,979) (84,105)
Proceeds from sales of mortgage loans 123,602 84,541
Gains on sales of securities available for sale (1,288) (2,099)
Recognized loss on other-than-temporary-impairment 400 888
Change in interest receivable 1,673 1,924
Change in interest payable (661) (800)
Other adjustments 15,250 11,862
Net cash provided by operating activities 57,454 46,210
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits 49,351 33,202
Purchases of:    
Securities available for sale (93,887) (152,085)
Securities held to maturity (75,971) (34,724)
Proceeds from sales of securities available for sale 25,911 64,314
Proceeds from maturities of:    
Securities available for sale 22,237 38,407
Securities held to maturity 15,362 12,974
Proceeds from redemptions of Federal Reserve and Federal Home Loan Bank stock 2,500 2,358
Purchase of bank owned life insurance (5,000)  
Net change in loans 80,883 169,200
Proceeds from the sale of other real estate owned 5,349 8,084
Other adjustments 7,929 (522)
Net cash provided by investing activities 34,664 141,208
Net change in :    
Demand and savings deposits (12,918) (65,772)
Certificates of deposit and other time deposits (113,429) (209,801)
Proceeds from borrowings 62,351 8
Repayment of borrowings (33,634) (47,391)
Cash dividends on common stock (518) (472)
Cash dividends on preferred stock (1,740) (3,190)
Stock issued in private equity placement   24,150
Stock issued under dividend reinvestment and stock purchase plans 461 345
Tax (expense) benefit from stock options exercised   (50)
Stock redeemed (124) (68)
Net cash used in financing activities (99,551) (302,241)
Net Change in Cash and Cash Equivalents (7,433) (114,823)
Cash and Cash Equivalents, January 1 58,307 179,147
Cash and Cash Equivalents, June 30 50,874 64,324
Additional cash flow information:    
Interest paid 21,424 30,597
Income tax refunded 2,977 6,044
Exchange of preferred stock for trust preferred debt   46,400
Loans transferred to other real estate owned 3,814 15,197
Non-cash investing activities using trade date accounting $ 1,036 $ 1,602