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Consolidated Statements Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income$ 11,235$ 8,390
Adjustments to reconcile net income to net cash provided by operations:  
Provision for loan losses2,6732,599
Depreciation and amortization1,5391,533
Amortization, accretion and deferred loan fees and costs1,8981,588
Net impairment losses realized in earnings and gains on sales of available-for-sale securities2401,232
Net realized and unrealized losses on securities for which fair value was elected21642
Proceeds from sale of securities for which fair value was elected1700
Purchase of securities for which fair value was elected(899)0
Gain on sale of loans(424)(270)
Net gains on dispositions of premises and equipment and foreclosed assets(102)(101)
Proceeds from sale of loans14,7356,008
Origination of loans held for sale(11,109)(11,932)
Earnings on bank owned life insurance(674)(602)
Stock-based compensation expense164166
Contribution of treasury stock900
Changes in:  
Accrued interest receivable and other assets(2,347)(2,602)
Accrued interest payable and other liabilities4,966(269)
NET CASH PROVIDED BY OPERATING ACTIVITIES22,3715,782
CASH FLOWS FROM INVESTING ACTIVITIES:  
Net decrease in interest bearing time deposits with other banks2,5932,871
Proceeds from maturities, prepayments and calls of securities75,79186,330
Proceeds from sales of securities43,76351,507
Purchase of securities(190,487)(279,073)
Loan origination and payments, net(42,318)(36,251)
Purchase of bank owned life insurance(5,000)(2,500)
Redemption (purchase) of FHLB and other equity interests(179)181
Purchase of premises and equipment(1,483)(1,542)
Proceeds from the sale of premises and equipment and foreclosed assets245287
NET CASH USED IN INVESTING ACTIVITIES(117,075)(178,190)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Checking, money market and savings accounts215,087130,487
Certificates of deposit(80,393)27,309
Proceeds from sale of treasury stock922923
Proceeds from exercise of stock options069
Proceeds from stock offering, net of issuance costs032,128
Cash dividends paid(6,085)(4,916)
Proceeds from long-term borrowings35020,000
Repayment of long-term borrowings(95)(36,085)
Net change in short-term borrowings(31,338)10,927
NET CASH PROVIDED BY FINANCING ACTIVITIES98,448180,842
NET INCREASE IN CASH AND CASH EQUIVALENTS3,7448,434
CASH AND CASH EQUIVALENTS, Beginning37,43222,358
CASH AND CASH EQUIVALENTS, Ending41,17630,792
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:  
Interest13,62614,207
Income taxes3,3173,314
SUPPLEMENTAL NONCASH DISCLOSURES:  
Transfers to other real estate owned93333
Loans transferred from held for sale to held for investment03,321
Grant of restricted stock awards from treasury stock$ 266$ 233