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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities:  
Net income$ 26,844$ 15,244
Adjustments to reconcile net income to net cash (used in ) provided by operating activities:  
Depreciation and amortization5,5665,816
Net OTTI recognized in earnings160469
Provision (credit) for loan and lease losses(854)23,585
Share based compensation expense942791
Deferred income tax expense (benefit)5,369(1,911)
Origination of loans held for sale(155,965)(161,814)
Proceeds from sales of loans held for sale157,774157,182
Gains on sales of loans held for sale(2,188)(2,104)
Loss on sales of other real estate owned1,453 
Investment securities gains(283)(323)
Loss (gains) on sales of premises and equipment18(92)
Net decrease in accrued interest receivable188570
Net decrease in other assets10,0803,162
Net increase in accrued expenses and other liabilities3,8643,114
Other - net5,6564,495
Net cash provided by operating activities58,62448,184
Investing activities:  
Purchases of investments held-to-maturity(121,767) 
Purchases of investments available-for-sale(300,627)(600,295)
Proceeds from redemption of FHLB stock1,485121
Proceeds from maturities, calls and principal payments of investments held-to-maturity34,04226,282
Proceeds from maturities, calls and principal payments of investments available-for-sale277,035512,503
Net (increase) decrease in loans and leases(6,492)83,641
Proceeds from the sales of other real estate owned5,3385,294
Expenditures for premises and equipment(3,087)(1,757)
Net cash provided by (used in) investing activities(114,073)25,789
Financing activities:  
Net increase (decrease) in deposits90,452(111,346)
Net (decrease) increase in retail repurchase agreements and federal funds purchased(16,714)8,822
Repayment of advances from FHLB(262)(2,321)
Redemption of stock warrant(4,449) 
Redemption of preferred stock (41,547)
Repurchase of common stock(334) 
Proceeds from issuance of common stock20595,961
Tax benefits associated with shared based compensation7615
Dividends paid(5,829)(3,628)
Net cash provided by financing activities63,145(54,044)
Net increase in cash and cash equivalents7,69619,929
Cash and cash equivalents at beginning of period63,11759,796
Cash and cash equivalents at end of period70,81379,725
Supplemental Disclosures:  
Interest payments20,28825,931
Income tax payments6,140181
Transfers from loans to other real estate owned$ 5,761$ 8,300