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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities:  
Net income$ 11,536$ 9,883
Adjustments to reconcile net income to net cash provided by operating activities:  
Provision for loan losses9505,400
Net amortization and accretion2,2161,095
Gain on disposition of premises and equipment(10)(2)
Securities gains, net0(53)
Investment securities impairment losses22305
Proceeds from sales of loans held for sale39,01747,470
Originations of loans held for sale(37,937)(50,305)
Gain on sale of other real estate owned(361)(355)
Write-down of other real estate owned2,211662
Gain from bank-owned life insurance(637)(420)
Increase in value of bank-owned life insurance(667)(664)
Depreciation448443
Deferred income taxes769615
Change in assets and liabilities:  
(Increase) decrease in accrued interest receivable591(140)
Decrease in other assets2,9122,752
Increase (decrease) in accrued expenses and other liabilities(445)107
Net cash provided by (used in) operating activities20,61516,793
Cash Flows from Investing Activities:  
Proceeds from sales, calls, and maturities of securities available for sale68,004232,825
Purchases of securities available for sale(55,156)(146,566)
Purchases of Federal Home Loan Bank stock(681)(1,120)
Proceeds from redemption of Federal Home Loan Bank stock469856
Net decrease in loans18,07088,928
Net proceeds from sales of other real estate owned6,3005,180
Proceeds from sales of premises and equipment519
Purchases of premises and equipment(591)(331)
Proceeds of principal and earnings from bank-owned life insurance1,1920
Net cash provided by (used in) investing activities37,658179,781
Cash Flows from Financing Activities:  
Net increase (decrease) in deposits(53,533)(212,415)
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase1,108(4,949)
Net decrease in other short-term borrowings(1,469)(768)
Principal payments on long-term borrowings0(20,000)
Common stock dividends paid(1,740)0
Preferred stock dividends paid(1,120)(1,350)
Redemption of preferred stock(36,000)0
Repurchase of common stock warrant(700)0
Net cash provided by (used in) financing activities(93,454)(239,482)
Net increase in cash and cash equivalents(35,181)(42,908)
Cash and Cash Equivalents  
Beginning87,954131,495
Ending52,77388,587
Supplemental Disclosures of Cash Flow Information:  
Interest9,63915,834
Income taxes3,2441,742
Supplemental Disclosure of Noncash Investing and Financing Activities:  
Transfer of loans to other real estate owned1,5836,531
Transfer of other real estate owned to loans6206,655
Bank-owned life insurance death benefit receivable$ 0$ 1,294