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Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 4,773 $ 4,076
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of investment security premiums, net 519 173
Depreciation 578 493
Intangible amortization 126 157
Provision for loan losses, non-covered loans 2,000 3,000
Earnings on bank owned life insurance (60) (80)
Net gain on sale of investment securities (342) 0
Net (gain) loss on sale of premises and equipment 10 (85)
Net loss on sale of non-covered other real estate owned 94 0
Net gain on sale of covered other real estate owned (1,139) 0
Net gain on sales of loans held for sale (705) (338)
Origination of loans held for sale (40,286) (32,640)
Proceeds from sales of loans held for sale 53,401 40,499
Valuation adjustment on non-covered other real estate owned 208 0
Deferred taxes 2,419 1,991
Change in FDIC indemnification asset 2,991 1,316
Stock-based compensation 137 218
Excess tax benefit from stock-based compensation (11) (5)
Net change in assets and liabilities:    
Net increase in other assets (3,477) (717)
Net increase in other liabilities 3,296 1,128
Net cash provided by operating activities 24,532 19,186
Cash flows from investing activities:    
Purchases of investment securities, available for sale (55,888) (3,000)
Maturities/calls/principal payments of investment and mortgage-backed securities available for sale 30,484 18,978
Net decrease in non-covered loans and covered loans 2,092 21,900
Purchases of premises and equipment (530) (770)
Proceeds from the sale of premises and equipment 8 494
Proceeds from sale of non-covered other real estate owned 358 289
Proceeds from sale of covered other real estate owned 4,514 7,611
Capitalization of covered other real estate owned improvements 0 (73)
Net proceeds from FDIC indemnification asset 1,697 7,888
Net cash provided by (used in) investing activities (17,265) 53,317
Cash flows from financing activities:    
Net increase in deposits 19,681 2,293
Redemption of preferred stock 0 (26,380)
Repurchase of common stock warrant 0 (1,625)
Proceeds from exercise of stock options 141 7
Excess tax benefits from stock-based compensation 11 5
Dividends paid on preferred stock 0 (38)
Dividends paid on common stock (1,849) (766)
Net cash provided by (used in) financing activities 17,984 (26,504)
Net change in cash and cash equivalents 25,251 45,999
Cash, restricted cash and cash equivalents at beginning of period 105,913 81,687
Cash, restricted cash and cash equivalents at end of period 131,164 127,686
Cash paid during the period for:    
Interest 2,101 2,846
Income taxes 0 1,200
Supplemental disclosures about noncash investing and financing activities:    
Change in fair value of investment securities available for sale, net of taxes (207) (18)
Transfer of non-covered loans to non-covered other real estate owned 514 1,012
Transfer of covered loans to covered other real estate owned $ 2,726 $ 6,598