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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities    
Net income $ 28,962 $ 28,400
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan and lease losses 9,986 15,593
Depreciation and amortization of premises and equipment 2,652 2,663
Net accretion on securities 512 388
Amortization of intangible assets 1,504 1,561
Stock based compensation 1,723 1,984
Bank owned life insurance income (1,695) (1,789)
Purchases of trading securities (353) (116)
Unrealized (gains) losses in trading securities (115) 31
Deferred income tax benefit (4,003) (7,938)
Proceeds from sales of loans held for sale 2,477 40,396
Originations and purchases of loans held for sale (875) (39,028)
Net gains on sales of loans held for sale 0 (478)
Net security gains (86) (91)
Net gain on sales of other real estate owned (461) (114)
Net decrease in other assets 2,696 4,592
Net increase (decrease) in other liabilities 158 (1,492)
Net cash provided by operating activities 43,082 44,562
Investing activities    
Net cash used in Lattremore acquisition (1,000) 0
Securities available for sale:    
Proceeds from maturities, calls, and principal paydowns 247,959 285,615
Proceeds from sales 118 702
Purchases (268,154) (302,152)
Securities held to maturity:    
Proceeds from maturities, calls, and principal paydowns 29,288 66,327
Purchases (9,192) (28,962)
Net increase in loans (67,474) (15,452)
Net (increase) decrease in Federal Reserve and FHLB stock (179) 3,801
Proceeds from bank owned life insurance 0 2,767
Purchases of premises and equipment (2,112) (2,747)
Proceeds from sales of other real estate owned 953 1,678
Net cash (used in) provided by investing activities (69,793) 11,577
Financing activities    
Net (decrease) increase in deposits (19,739) 8,285
Net increase in short-term borrowings 16,524 3,059
Repayments of long-term debt (2,140) (75,237)
Issuance of long-term debt 156 0
Excess tax benefit from exercise of stock options 33 123
Proceeds from the issuance of shares to employee benefit plans and other stock plans 767 1,288
Purchase of treasury stock (21,164) 0
Cash dividends and payment for fractional shares (13,752) (13,781)
Net cash used in financing activities (39,315) (76,263)
Net decrease in cash and cash equivalents (66,026) (20,124)
Cash and cash equivalents at beginning of period 168,792 187,161
Cash and cash equivalents at end of period 102,766 167,037
Cash paid during the period for:    
Interest 21,120 29,443
Income taxes paid, net of refunds received 14,834 21,149
Noncash investing activities:    
Loans transferred to OREO 625 672
Fair value of assets acquired 3,460 0
Goodwill and identifiable intangible assets recognized in purchase combination 3,426 0
Fair value of debt issued in purchase combination $ 2,460 $ 0