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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:      
Net income $ 4,454 $ 13,038 $ 10,304
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of premiums and accretion of discounts on investment securities, net   3,539 2,983
Depreciation and amortization   656 725
Stock-based compensation   27 27
Provision for loan losses 225 225 2,148
Provision for deferred taxes     249
Net other-than-temporary impairment losses on investment securities 134 332 303
Net loss on sale of other real estate owned   9  
Gains on sales of investment securities, net (897) (2,545) (3,120)
Loans originated for resale   (14,578) (7,589)
Proceeds from sale of loans held for sale   14,871 7,541
Gains on sale of loans held for sale   (313) (152)
Decrease (increase) in accrued interest receivable   180 (1,482)
Decrease in prepaid FDIC insurance assessments   777 1,534
Increase in cash surrender value of bank-owned life insurance   (736) (780)
Increase in other assets   (2,005) (3,104)
Increase in other liabilities   890 5,492
Net cash provided by operating activities   14,367 15,079
Cash flows from investing activities:      
Investment securities available-for-sale: Purchases   (184,562) (341,429)
Investment securities available-for-sale: Sales   114,583 236,388
Investment securities available-for-sale: Maturities, calls and principal repayments   28,324 35,979
Investment securities held-to-maturity: Purchases   (7,407) (5,843)
Investment securities held-to-maturity: Maturities and principal repayments   22,685 2,375
Net redemption of restricted investment in bank stocks   319 402
Net increase in loans   (62,418) (14,443)
Purchases of premises and equipment   (596) (130)
Proceeds from sale of other real estate owned   500  
Cash and cash equivalent acquired in acquisition   6,195  
Cash consideration paid in acquisition   (10,251)  
Net cash used in investing activities   (92,628) (86,701)
Cash flows from financing activities:      
Net increase in deposits   86,362 199,690
Net increase (decrease) in short-term borrowings   50 (41,855)
Repayments of long-term borrowings   (15,000) (10,000)
Cash dividends on preferred stock   (391) (417)
Cash dividends on common stock   (1,879) (1,466)
Proceeds from issuance of SBLF preferred stock     11,250
Redemption of preferred stock     (10,000)
Issuance cost of common stock   (6) (4)
Proceeds from exercise of stock options   132 7
Net cash provided by financing activities   69,268 147,205
Net change in cash and cash equivalents   (8,993) 75,583
Cash and cash equivalents at beginning of period   111,101 37,497
Cash and cash equivalents at end of period 102,108 102,108 113,080
Supplemental disclosures of cash flow information:      
Cash payments for: Interest paid on deposits and borrowings   9,028 9,192
Income taxes   5,507 3,529
Supplemental disclosures of non-cash investing activities:      
Trade date accounting settlement for investments, net     2,999
Transfer from investment securities available-for-sale to investment securities held-to-maturity     66,833
Business combinations:      
Investment securities available-for-sale 37,143 37,143  
Loans 52,192 52,192  
Premises and equipment, net 1,262 1,262  
Accrued interest receivable 389 389  
Total non-cash assets acquired 90,986 90,986  
Deposits 85,236 85,236  
Other liabilities 795 795  
Total liabilities assumed 86,031 86,031  
Net non-cash assets acquired 4,056 4,056  
Bargain gain on acquisition $ 899 $ 899