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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities:      
Net income $ 36,554 $ 34,102 $ 23,520
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 7,847 7,488 7,686
Net OTTI recognized in earnings 109 160 512
Provision for loan and lease losses 3,649 1,428 25,908
Share based compensation expense 1,451 1,207 904
Deferred income tax expense 3,933 6,678 (480)
Origination of loans held for sale (310,860) (229,631) (244,707)
Proceeds from sales of loans held for sale 305,013 230,232 237,787
Gains on sales of loans held for sale (4,961) (3,225) (3,251)
Loss on sales of other real estate owned 1,595 2,078 902
Investment securities gains (459) (292) (796)
(Gains) losses on sales of premises and equipment (74) 120 (92)
Net decrease (increase) in accrued interest receivable 521 (328) 1,083
Net (increase) decrease in other assets (2,421) (691) 5,763
Net increase (decrease) in accrued expenses and other liabilities 6,939 12,491 (3,040)
Other - net 3,954 5,893 4,948
Net cash provided by operating activities 52,790 67,710 56,647
Investing activities:      
Purchases of other equity securities (6,780) (2,910) (1,297)
Purchases of investments held-to-maturity (146,290) (161,102) 0
Purchases of investments available-for-sale (264,993) (370,657) (725,641)
Proceeds from redemption of Federal Home Loan Bank of Atlanta stock 8,002 2,048 0
Proceeds from sales of investment available-for-sale 28,519 0 123,526
Proceeds from maturities, calls and principal payments of investments held-to-maturity 108,612 84,409 31,240
Proceeds from maturities, calls and principal payments of investments available-for-sale 357,144 347,864 548,583
Net (increase) decrease in loans and leases (140,483) (103,994) 103,110
Proceeds from the sales of other real estate owned 4,934 8,801 7,405
Acquisition of business activity, net of cash acquired (849) 0 0
Expenditures for premises and equipment (4,381) (4,003) (3,645)
Net cash used in investing activities (56,565) (199,544) 83,281
Financing activities:      
Net increase in deposits 86,593 106,648 (146,970)
Net (decrease) increase in retail repurchase agreements and federal funds purchased (56,685) 47,370 7,181
Repayment of advances from FHLB (350) (350) (5,826)
Proceeds from issuance of common stock 98 314 96,464
Repurchase of common stock 0 (334) 0
Redemption of preferred stock 0 0 (83,094)
Redemption of stock warrant 0 (4,449) 0
Tax benefits associated with shared based compensation 102 91 201
Dividends paid (11,891) (8,259) (4,563)
Net cash provided by financing activities 17,867 141,031 (136,607)
Net increase in cash and cash equivalents 14,092 9,197 3,321
Cash and cash equivalents at beginning of period 72,314 63,117 59,796
Cash and cash equivalents at end of period 86,406 72,314 63,117
Supplemental Disclosures:      
Interest payments 22,464 20,334 33,183
Income tax payments 13,266 9,704 2,181
Transfers from loans to other real estate owned $ 4,810 $ 6,398 $ 10,336