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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 17,445 $ 13,954
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 1,338 1,100
Provision for loan losses 1,299 8,500
Loss on sale and write down of other real estate owned 103 263
Amortization of intangible assets 26 27
Amortization of loan servicing rights 347 266
Net change in loan servicing rights valuation allowance (22) (7)
Loans originated for sale (64,807) (30,642)
Net gain on sales of loans (1,140) (659)
Proceeds from sale of loans 63,365 33,482
Net loss on sales of premises and equipment 0 (1)
Net (gain) loss on sales and calls of securities available for sale (3) 166
Impairment on available for sale securities 959 121
Net securities amortization 3,143 1,202
Stock compensation expense 689 647
Earnings on life insurance (459) (586)
Tax benefit of stock option exercises (432) (91)
Net change:    
Accrued income receivable 166 262
Accrued expenses payable 1,383 1,006
Other assets 998 (469)
Other liabilities (178) (66)
Total adjustments 6,775 14,521
Net cash from operating activities 24,220 28,475
Cash flows from investing activities:    
Proceeds from sale of securities available for sale 0 73,318
Proceeds from maturities, calls and principal paydowns of securities available for sale 48,098 38,446
Purchases of securities available for sale (61,221) (113,507)
Purchase of life insurance (14) (148)
Net (increase) decrease in total loans 16,283 (60,990)
Proceeds from sales of land, premises and equipment 0 44
Purchases of land, premises and equipment (1,564) (1,445)
Proceeds from sales of other real estate 373 948
Net cash from investing activities 1,955 (63,334)
Cash flows from financing activities:    
Net increase in total deposits 112,789 75,474
Net decrease in short-term borrowings (43,294) (35,618)
Payments on long-term borrowings (2) (1)
Common dividends paid (5,289) (5,022)
Preferred dividends paid (13) (13)
Proceeds from stock option exercise 185 336
Purchase of treasury stock (186) (113)
Net cash from financing activities 64,190 35,043
Net change in cash and cash equivalents 90,365 184
Cash and cash equivalents at beginning of the period 104,584 60,141
Cash and cash equivalents at end of the period 194,949 60,325
Cash paid during the period for:    
Interest 12,560 13,300
Income taxes 7,050 8,822
Supplemental non-cash disclosures:    
Loans transferred to other real estate $ 144 $ 270