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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 6,602 $ 2,295
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums and accretion of discounts on invetment securities, net 2,036 720
Depreciation and amortization 484 592
Stock-based compensation 19 29
Provision for loan losses 1,128 1,721
Provision for deferred taxes   193
Net other-than-temporary impairment losses on investment securities 237 5,095
Gains on sales of investment securities, net (1,804) (2,408)
Loans originated for resale (2,827) (1,540)
Proceeds from sale of loans held for sale 2,481 1,538
(Gains) Loss on sale of loans held for sale (32) 2
Net loss on sales and dispositions of premises and equipment   427
(Increase) decrease in accrued interest receivable (1,095) 195
Decrease in prepaid FDIC insurance assessments 1,061 667
Increase in cash surrender value of bank-owned life insurance (521) (528)
Decrease in other assets 1,352 1,897
Decrease in other liabilities (1,277) (1,046)
Net cash provided by operating activities 7,844 9,849
Cash flows from investing activities:    
Investment securities available-for-sale: Purchases (213,875) (347,921)
Investment securities available-for-sale: Sales 158,201 362,354
Investment securities available-for-sale: Maturities, calls and principal repayments 30,180 25,110
Investment securities held-to-maturity: Purchases (5,843)  
Net redemption (purchase) of restricted investment in bank stocks 402 (35)
Net decrease (increase) in loans 10,515 (2,838)
Purchases of premises and equipment (93) (171)
Proceeds from sale of premises and equipment   1
Net cash (used in) provided by investing activities (20,513) 36,500
Cash flows from financing activities:    
Net increase (decrease) in deposits 105,344 (11,246)
Net decrease in short-term borrowings (9,481) (3,447)
Repayments of long-term borrowings (10,000) (22,078)
Cash dividends on preferred stock (250) (250)
Cash dividends on common stock (978) (875)
Issuance cost of common stock (3) (3)
Issuance cost of restricted stock award   25
Proceeds from exercise of stock options 7  
Taxes related to stock based awards   8
Net cash provided by (used in) financing activities 84,639 (37,866)
Net change in cash and cash equivalents 71,970 8,483
Cash and cash equivalents at beginning of period 37,497 89,168
Cash and cash equivalents at end of period 109,467 97,651
Supplemental disclosures of cash flow information:    
Cash payments for: Interest paid on deposits and borrowings 6,037 8,154
Cash payments for: Income taxes 2,564 379
Supplemental disclosures of non-cash investing activities:    
Trade date accounting settlements for investments, net 3,761 31,826
Transfer of loan to other real estate owned   1,780
Net investment in direct financing lease   3,700
Transfer from investment securities available for sale to investment securities held to maturity $ 35,987