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Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 11,994 $ 12,258
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of investment security premiums, net 2,228 1,721
Depreciation 1,931 1,795
Intangible amortization 329 383
Provision for loan losses, non-covered loans 1,825 5,600
Provision for loan losses, covered loans 12,414 398
Earnings on bank owned life insurance (113) (158)
Net gain on sale of investment securities (556) (687)
Net loss on sale of premises and equipment 0 10
Net (gain) loss on sale of non-covered other real estate owned (53) 47
Net gain on sale of covered other real estate owned (990) (2,367)
Net gain on sale of loans held for sale (2,798) (2,627)
Origination of loans held for sale (115,825) (146,063)
Proceeds from sales of loans held for sale 132,475 155,972
Valuation adjustment on non-covered other real estate owned 542 678
Valuation adjustment on covered other real estate owned 1,386 2,902
Deferred taxes (7,253) 3,084
Change in FDIC indemnification asset (6,298) 8,898
Stock-based compensation 680 591
Excess tax benefit from stock awards (4) (21)
Net change in assets and liabilities:    
Net decrease in other assets 20,395 3,904
Net (decrease) increase in other liabilities (5,003) 7,411
Net cash provided by operating activities 47,306 53,729
Cash flows from investing activities:    
Purchases of investment securities available for sale (97,783) (133,580)
Proceeds from investment securities available for sale 57,243 78,422
Redemption of Federal Home Loan Bank stock 202 67
Net decrease in non-covered loans and covered loans 19,095 8,849
Purchases of premises and equipment (605) (1,218)
Proceeds from the sale of premises and equipment 0 9
Proceeds from sale of non-covered other real estate owned 1,836 1,467
Proceeds from sale of covered other real estate owned 16,540 15,754
Capitalization of non-covered other real estate owned improvements 222 0
Net cash used in investing activities (3,694) (30,230)
Cash flows from financing activities:    
Net decrease in deposits (33,694) (8,114)
Proceeds from exercise of stock options 56 205
Excess tax benefits from stock awards 4 21
Dividends paid on common stock (6,046) (5,399)
Net cash used in financing activities (39,680) (13,287)
Net change in cash and cash equivalents 3,932 10,212
Cash and cash equivalents at beginning of period 107,573 105,913
Cash and cash equivalents at end of period 111,505 116,125
Cash paid during the period for:    
Interest 4,240 5,742
Income taxes 8,800 1,000
Supplemental disclosures about noncash investing and financing activities:    
Change in fair value of investment securities available for sale, net of tax (7,514) 2,471
Transfer of non-covered loans to non-covered other real estate owned 3,827 4,296
Transfer of covered loans to covered other real estate owned $ 7,585 $ 8,478