XML 48 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Condensed Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating Activities    
Net income $ 13,508 $ 11,471
Items not requiring (providing) cash    
Provision for loan losses 8,306 8,335
Depreciation 2,552 2,581
Amortization of mortgage servicing rights, net of valuation adjustments 3,465 1,934
Amortization of core deposit and other intangible assets 1,068 1,051
Net amortization of premiums and discounts on loans and deposits 516 742
Amortization of premiums and discounts on securities 621 (311)
Loss on sale or disposals of property, plant and equipment 43 66
Change in deferred taxes 1,104 383
Proceeds from the sale of loans held for sale 381,875 168,163
Originations of loans held for sale (374,872) (167,746)
Gain from sale of loans (7,940) (4,305)
OTTI losses on investment securities 0 2
Gain from sale or call of securities (528) (49)
Loss on sale or write-down of real estate and other assets held for sale 302 779
Stock option expense 82 109
Restricted stock expense 260 0
Income from bank owned life insurance (683) (703)
Changes in:    
Accrued interest receivable (677) (280)
Other assets (325) 907
Other liabilities 4,873 5,044
Net cash provided by (used in) operating activities 33,550 28,173
Investing Activities    
Proceeds from maturities of held-to-maturity securities 76 103
Proceeds from maturities, calls and pay-downs of available-for-sale securities 49,571 28,453
Proceeds from sale of real estate and other assets held for sale 2,901 7,380
Proceeds from the sale of available-for-sale securities 8,538 1,982
Proceeds from sale of non-mortgage loans 371 5,520
Purchases of available-for-sale securities (91,513) (87,825)
Proceeds from sale of office properties and equipment 0 12
Proceeds from Federal Home Loan Bank stock redemption 0 357
Purchase of bank-owned life insurance (5,000) 0
Purchases of portfolio mortgage loans 0 (10,696)
Net cash paid for Payak-Dubbs Insurance Agency, Inc. 0 (3,914)
Purchases of premises and equipment, net (2,874) (1,571)
Net (increase) decrease in loans receivable (43,572) 55,671
Net cash provided by investing activities (81,502) (4,528)
Financing Activities    
Net increase in deposits and advance payments by borrowers 12,689 14,542
Repayment of Federal Home Loan Bank advances (34) (35,033)
Decrease in securities sold under repurchase agreements (8,395) (770)
Net cash received from common stock issuance 0 19,859
Cash paid for redemption of preferred stock (36,358) 0
Proceeds from exercise of stock options 4 11
Proceeds from treasury stock purchases 11 21
Proceeds from restricted stock units 0 183
Cash dividends paid on common stock (1,464) 0
Cash dividends paid on preferred stock (1,026) (1,388)
Net cash provided by (used in) financing activities (34,573) (2,575)
Increase (decrease) in cash and cash equivalents (82,525) 21,070
Cash and cash equivalents at beginning of period 174,931 169,164
Cash and cash equivalents at end of period 92,406 190,234
Supplemental cash flow information:    
Interest paid 9,814 13,644
Income taxes paid 800 3,200
Transfers from loans to real estate and other assets held for sale 2,418 4,373
Transfers from loans held for sale to loans 0 7,596
Securities traded but not yet settled $ 0 $ 2,673