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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating Activities    
Net income $ 11,993 $ 12,995
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 1,369 1,840
Depreciation and amortization 2,799 2,139
Stock-based compensation expense 159 172
Increase in interest receivable (291) (99)
Amortization of intangible assets 574 289
Net decrease in trading assets 19 60
Net investment securities gains and other-than-temporary impairment of securities (138) (872)
Increase in other real estate owned valuation allowance and loss on disposition 31 247
Originations of mortgage loans held for sale (21,510) (12,775)
Proceeds from the sale of mortgage loans 19,336 19,104
Gain on sale of mortgage loans (652) (268)
Decrease in prepaid FDIC assessment 3,606 575
(Increase) decrease in other assets (376) 1,034
(Decrease) increase in other liabilities (3,456) 1,099
Net cash provided by operating activities 13,463 25,540
Investing Activities    
Proceeds from sales and maturities of securities available-for-sale 75,669 110,644
Purchase of securities available-for-sale (108,954) (196,419)
Net increase in loans (40,340) (25,585)
Proceeds from sale of Federal Home Loan Bank stock 1,310 928
Proceeds from the sale of other real estate owned 103 627
Proceeds from previously charge-off loans 325 384
Cash settlement in branch acquisition (3,278) 0
Purchase of premises and equipment (586) (968)
Net cash used by investing activities (75,751) (110,389)
Financing Activities    
Net (decrease) increase in deposits (35,382) 10,496
Repayments on Federal Home Loan Bank long-term advances (257) (243)
Net change in short-term Federal Home Loan Bank borrowings 148,100 125,000
Net decrease in other borrowed funds (59,672) (43,068)
Common stock repurchase 0 (2,097)
Exercise of stock options and issuance of restricted stock, net of repurchase for tax withholdings and tax benefit 83 (240)
Cash dividends paid on common stock (3,978) (3,846)
Net cash provided by financing activities 48,894 86,002
Net (decrease) increase in cash and cash equivalents (13,394) 1,153
Cash and cash equivalents at beginning of year 58,290 39,325
Cash and cash equivalents at end of period 44,896 40,478
Supplemental information    
Interest paid 6,765 9,190
Income taxes paid 5,400 3,322
Transfer from loans to other real estate owned $ 976 $ 889