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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities    
Net income $ 3,972 $ 2,688
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 1,056 979
Provision for loan and lease losses 5,220 4,672
Net amortization of investment securities discounts/premiums 124 105
Stock-based compensation expense 630 416
Mortgage loans originated for sale 0 (458)
Sale of mortgage loans originated for resale 0 454
Gain on sale of mortgage loans originated for resale 0 (4)
Deferred income tax benefit 2 0
Gain on sales of fixed assets 0 (2)
Other than temporary impairment on securities held-to-maturity 0 75
Losses on sale and write downs on other real estate owned 1,451 52
(Increase) decrease in accrued interest receivable (556) 71
Decrease in interest payable 6 25
Increase in other assets (2,139) (1,571)
Increase in other liabilities 2,550 5,842
Net cash provided by operating activities 12,316 13,344
Investing activities    
Purchase of investment securities available-for-sale (50,401) (79,256)
Proceeds from redemptions and repayment of securities available-for-sale 20,504 38,275
Proceeds from sale of other real estate owned 118 173
Net increase in loans (9,217) (21,472)
Proceeds from sale of fixed assets 69 39
Purchases of premises and equipment (869) (418)
Net cash used in investing activities (39,796) (62,659)
Financing activities    
Net increase in deposits 1,091,327 507,012
Net (decrease) increase in securities sold under agreements to repurchase (7,271) 5,400
Repayment of short-term borrowings and federal funds purchased 0 (136,000)
Proceeds from issuance of common stock 0 54,528
Proceeds from the exercise of options 39 0
Excess tax benefit from share-based payment arrangements (2) 0
Net cash provided by financing activities 1,084,093 430,940
Net increase in cash and cash equivalents 1,056,613 381,625
Cash and cash equivalents, beginning of period 749,174 472,319
Cash and cash equivalents, end of period 1,805,787 853,944
Supplemental disclosure:    
Interest paid 2,960 2,814
Taxes paid 422 575
Transfers of loans to other real estate owned $ 1,890 $ 1,489