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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net Income$ 7,409$ 6,761
Adjustments to reconcile net income to net cash provided by operating activities:  
Provision for loan losses3,0502,600
Depreciation and amortization1,3701,160
Net amortization on securities1,574939
Amortization of core deposit intangible24 
Share based compensation expense774655
Net securities gains(135)(1,303)
Increase in accrued interest receivable(221)(632)
Decrease (increase) in other assets1,083(2,752)
Increase (decrease) in accrued expenses and other liabilities1,467(225)
Net cash provided by operating activities16,3957,203
Cash flows from investing activities:  
Purchases of securities available for sale(200,906)(200,252)
Purchases of securities, restricted(140)(14)
Purchases of securities held to maturity(69,315)(127,140)
Proceeds from sales of securities available for sale14,08431,446
Redemption of securities, restricted225 
Maturities, calls and principal payments of securities available for sale150,726130,165
Maturities, calls and principal payments of securities held to maturity46,65356,139
Net increase in loans(57,015)(32,835)
Purchase of premises and equipment(1,625)(3,522)
Net cash acquired in business combination2,309 
Net cash used in investing activities(115,004)(146,013)
Cash flows from financing activities:  
Net increase in deposits181,602132,711
Net (decrease) in federal funds purchased and FHLB overnight borrowings(7,000) 
Net (decrease) in FHLB term advances(5,016) 
Net increase in repurchase agreements2252,094
Net proceeds from exercise of stock options 17
Net proceeds from issuance of common stock2,973573
Repurchase of surrendered stock from exercise of stock options and vesting of restricted stock awards(61)(5)
Excess tax (expense) benefit from share based compensation(1)5
Cash dividends paid(4,496)(4,336)
Net cash provided by financing activities168,226131,059
Net increase (decrease) in cash and cash equivalents69,617(7,751)
Cash and cash equivalents at beginning of period22,91834,147
Cash and cash equivalents at end of period92,53526,396
Cash paid for:  
Interest5,6525,850
Income tax2,6443,982
Noncash investing and financing activities:  
Securities which settled in the subsequent period1,429 
Dividends declared and unpaid at end of period 1,451
Acquisition of noncash assets and liabilities:  
Fair value of assets acquired66,649 
Fair value of liabilities assumed$ 65,059