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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities:    
Net income $ 15,587 $ 6,760
Adjustments to reconcile net income to net cash (used in ) provided by operating activities:    
Depreciation and amortization 3,684 3,929
Net OTTI recognized in earnings 84 89
Provision for loan and lease losses 2,666 21,132
Share based compensation expense 590 483
Deferred income tax expense (benefit) 2,444 (3,188)
Origination of loans held for sale (93,302) (88,049)
Proceeds from sales of loans held for sale 105,843 86,284
Gains on sales of loans held for sale (1,474) (1,135)
Loss (gains) on sales of other real estate owned 667 (23)
Investment securities gains (52) (298)
Loss (gains) on sales of premises and equipment 18 (69)
Net (increase) decrease in accrued interest receivable (518) 132
Net decrease in other assets 12,483 4,505
Net increase in accrued expenses and other liabilities 3,830 2,613
Other - net 3,914 2,921
Net cash provided by operating activities 56,464 36,086
Investing activities:    
Purchases of other equity securities   (1,558)
Purchases of investments held-to-maturity (28,974)  
Purchases of investments available-for-sale (200,238) (349,722)
Proceeds from redemption of FHLB stock 1,007  
Proceeds from maturities, calls and principal payments of investments held-to-maturity 30,694 20,233
Proceeds from maturities, calls and principal payments of investments available-for-sale 122,185 305,819
Net decrease in loans and leases 5,889 60,563
Proceeds from the sales of other real estate owned 4,057 2,738
Expenditures for premises and equipment (2,110) (1,126)
Net cash provided by (used in) investing activities (67,490) 36,947
Financing activities:    
Net increase (decrease) in deposits 107,989 (36,886)
Net decrease in retail repurchase agreements and federal funds purchased (31,029) (3,000)
Repayment of advances from FHLB (175) (2,150)
Redemption of stock warrant (4,449)  
Proceeds from issuance of common stock 167 95,861
Dividends paid (3,884) (2,486)
Net cash provided by financing activities 68,619 51,339
Net increase in cash and cash equivalents 57,593 124,372
Cash and cash equivalents at beginning of period 63,117 59,796
Cash and cash equivalents at end of period 120,710 184,168
Supplemental Disclosures:    
Interest payments 13,629 18,002
Income tax payments 3,600 181
Transfers from loans to other real estate owned $ 2,868 $ 4,301