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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating activities:    
Net Income $ 9,740 $ 6,444
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 2,231 8,245
Depreciation of premises and equipment 1,370 1,256
Amortization, net 3,571 2,732
(Increase) decrease in accrued interest receivable (376) 161
Increase in other assets (3,225) (1,401)
Origination of loans held-for-sale (53,177) (30,406)
Proceeds from sales of loans held-for-sale 49,802 33,205
Gain on mortgage banking activities, net (737) (516)
Security gains, net (1,644) (2,036)
Stock-based compensation expense 877 608
Excess tax benefits from share-based payment arrangements (83) (7)
Increase in accrued interest payable 775 1,907
Decrease in other liabilities (7,359) (1,827)
Loss on sale of assets acquired through foreclosure and valuation adjustments, net 9 595
Increase in value of bank-owned life insurance (40) (185)
Decrease in capitalized interest, net (253) (165)
Net cash provided by operating activities 1,481 18,610
Investing activities:    
Maturities of investment securities   4,524
Sale of investment securities available for sale 139,249 84,808
Purchase of investment securities available-for-sale (91,368) (162,404)
Repayments of investment securities available-for-sale 21,008 40,376
Disbursements for reverse mortgages (32) (17)
Net increase in loans (21,047) (33,311)
Net decrease in stock of Federal Home Loan Bank of Pittsburgh (362) 1,788
Sales of assets acquired through foreclosure, net 364 7,310
Investment in premises and equipment, net (956) (1,933)
Net cash provided by (used for) investing activities 46,856 (58,859)
Financing activities:    
Net (decrease) increase in demand and saving deposits (50,178) 41,052
(Increase) Decrease in time deposits (48,934) (956)
Increase in brokered deposits 18,025 9,244
Receipts from FHLB advances 15,642,397 4,349,754
Repayments of FHLB advances (15,563,445) (4,360,463)
Receipts from federal funds purchased and securities sold under agreement to repurchase 5,865,000 3,765,000
Repayments of federal funds purchased and securities sold under agreement to repurchase (5,880,000) (3,740,000)
Repayment of unsecured debt   (30,000)
Dividends paid (1,711) (1,700)
Issuance of common stock and exercise of common stock options 151 (11)
Excess tax benefits from share-based payment arrangements 83 7
Net cash (used for) provided by financing activities (18,612) 31,927
(Decrease) increase cash and cash equivalents 29,725 (8,322)
Cash and cash equivalents at beginning of period 500,887 468,017
Cash and cash equivalents at end of period 530,612 459,695
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest during the period 3,236 4,786
Cash paid for income taxes, net 5,416 4,221
Loans transferred to assets acquired through foreclosure 2,273 2,918
Net change in other comprehensive income $ (5,846) $ (946)