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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows from Operating Activities:    
Net income $ 8,453 $ 5,942
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 950 3,400
Net amortization and accretion 1,437 533
Gain on disposition of premises and equipment (13) (7)
Securities gains, net 0 (37)
Investment securities impairment losses 0 188
Proceeds from sales of loans held for sale 22,728 23,529
Originations of loans held for sale (18,349) (24,238)
Gain on sale of other real estate owned (290) (211)
Write-down of other real estate owned 493 662
Gain from bank-owned life insurance (637) 0
Increase in value of bank-owned life insurance (444) (444)
Depreciation 290 297
Deferred income taxes 1,076 (195)
Change in assets and liabilities:    
Decrease in accrued interest receivable 800 96
Decrease in other assets 1,431 3,518
Increase (decrease) in accrued expenses and other liabilities (772) 193
Net cash provided by operating activities 17,153 13,226
Cash Flows from Investing Activities:    
Proceeds from sales, calls, and maturities of securities available for sale 25,320 176,706
Purchases of securities available for sale (25,205) (121,541)
Purchases of Federal Home Loan Bank stock (456) (630)
Proceeds from redemption of Federal Home Loan Bank stock 427 824
Net decrease in loans 47,267 52,155
Net proceeds from sales of other real estate owned 5,312 6,161
Proceeds from sales of premises and equipment 51 7
Purchases of premises and equipment (268) (295)
Net cash provided by investing activities 52,448 113,387
Cash Flows from Financing Activities:    
Net increase (decrease) in deposits (10,139) 28,770
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase (5,573) 18,640
Net decrease in other short-term borrowings (1,372) (745)
Principal payments on long-term borrowings 0 (20,000)
Common stock dividends paid (870) 0
Preferred stock dividends paid (1,120) (900)
Redemption of preferred stock (36,000) 0
Net cash provided by (used in) financing activities (55,074) 25,765
Net increase in cash and cash equivalents 14,527 152,378
Cash and Cash Equivalents    
Beginning 87,954 131,495
Ending 102,481 283,873
Supplemental Disclosures of Cash Flow Information:    
Interest 6,581 11,222
Income taxes 2,002 625
Supplemental Disclosure of Noncash Investing and Financing Activities:    
Transfer of loans to other real estate owned 1,133 5,899
Bank-owned life insurance death benefit receivable $ 1,192 $ 0