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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
Cash flows from operating activities:      
Net income $ 16,844 $ 15,952 $ 25,570
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of investment security discounts, net 2,435 1,007 560
Depreciation 2,419 2,101 1,689
Intangible amortization 512 622 672
Provision for loan losses, non-covered loans 7,100 10,500 12,150
Provision (recovery) for loan losses, covered loans 2,644 (450) 1,336
Earnings on bank owned life insurance (191) (311) (226)
Net gain on sale of investment securities (931) 0 0
Net loss (gain) on sale of premises and equipment 11 (74) 15
Net gain on sale of non-covered other real estate owned (145) (62) (20)
Net gain on sale of covered other real estate owned (2,733) (6,526) (1,380)
Net gain on sale of loans held for sale (3,848) (1,197) (1,134)
Origination of loans held for sale (203,550) (139,264) (134,010)
Proceeds from sales of loans held for sale 211,776 129,016 127,400
Valuation adjustment on non-covered other real estate owned 844 272 300
Valuation adjustment on covered other real estate owned 3,704 6,672 858
Bargain purchase gain on acquisitions 0 0 (19,925)
Deferred taxes (3,198) 2,419 2,130
Change in FDIC indemnification asset 9,126 9,232 (1,884)
Stock-based compensation 811 623 338
Excess tax benefit from stock-based compensation (31) (1) (8)
Net change in assets and liabilities:      
Net decrease in other assets 18,745 18,349 13,087
Net increase (decrease) in other liabilities 8,562 2,897 (19,334)
Net cash provided by operating activities 70,906 51,777 8,184
Cash flows from investing activities:      
Purchases of investment securities, available for sale (197,558) (189,494) (143,605)
Maturities/calls/principal payments of investment and mortgage-backed securities available for sale 121,402 95,306 53,947
Redemption of Federal Home Loan Bank stock 135 0 0
Net (increase) decrease in non-covered loans and covered loans (5,553) 91,750 39,733
Purchases of premises and equipment (1,698) (2,209) (14,043)
Proceeds from the sale of premises and equipment 9 537 121
Proceeds from sale of non-covered other real estate owned 2,866 5,181 2,409
Proceeds from sale of covered other real estate owned 21,907 28,760 8,040
Capitalization of non-covered other real estate owned improvements 0 0 (118)
Capitalization of covered other real estate owned improvements 0 (697) (282)
Cash acquired in merger, net of cash consideration paid 0 0 351,287
Net cash (used in) provided by investing activities (58,490) 29,134 297,489
Cash flows from financing activities:      
Net decrease in deposits (3,371) (25,876) (262,400)
Gross payments on other borrowed funds 0 0 (10,000)
Net decrease in FHLB overnight borrowings 0 0 (50,152)
Redemption of preferred stock 0 (26,380) 0
Repurchase of common stock warrant 0 (1,625) 0
Proceeds from exercise of stock options 301 301 104
Excess tax benefits from stock-based compensation 31 1 8
Dividends paid on preferred stock 0 (38) (1,320)
Dividends paid on common stock (7,717) (3,068) (2,067)
Net cash used in financing activities (10,756) (56,685) (325,827)
Net change in cash and cash equivalents 1,660 24,226 (20,154)
Cash and cash equivalents at beginning of period 105,913 81,687 101,841
Cash and cash equivalents at end of period 107,573 105,913 81,687
Cash paid during the period for:      
Interest 7,350 10,285 11,772
Income taxes 1,500 7,400 14,000
Supplemental disclosures about noncash investing and financing activities:      
Change in fair value of investment securities available for sale, net of taxes 1,534 2,956 (56)
Transfer of non-covered loans to non-covered other real estate owned 4,612 3,245 2,144
Transfer of covered loans to covered other real estate owned 9,716 25,065 18,792
Acquisitions:      
Assets acquired 0 0 998,302
Liabilities assumed $ 0 $ 0 $ 985,351