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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities    
Net income $ 11,387 $ 5,630
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 3,258 2,969
Provision for loan and lease losses 15,047 16,654
Net amortization of investment securities discounts/premiums 1,360 483
Stock-based compensation expense 1,872 1,276
Mortgage loans originated for sale (233) (458)
Sale of mortgage loans originated for resale 237 462
Gain on sale of mortgage loans originated for resale (4) (4)
Net change in commercial loans held for sale (7,970) 0
Deferred income tax expense 2 0
Gain on sales of fixed assets (29) (26)
Other than temporary impairment on securities held-to-maturity 126 [1] 75 [1]
Losses on sale and writedowns on other real estate owned 2,405 555
Gain on sales of investment securities (107) (623)
(Increase) decrease in accrued interest receivable (1,585) 337
Decrease in interest payable (23) (11)
Increase in other assets (4,693) (335)
Increase in other liabilities 711 3,450
Net cash provided by operating activities 21,761 30,434
Investing activities    
Purchase of investment securities available-for-sale (282,669) (283,914)
Proceeds from call of securities held-to-maturity 0 4,000
Proceeds from sale of investment securities available-for-sale 6,297 23,846
Proceeds from redemptions and repayment of securities available-for-sale 90,951 81,680
Proceeds from sale of other real estate owned 5,157 894
Net (increase) decrease in loans (126,930) (115,248)
Proceeds from sale of fixed assets 171 68
Purchases of premises and equipment (3,599) (1,390)
Net cash used in investing activities (310,622) (290,064)
Financing activities    
Net increase in deposits 98,624 1,049,404
Net (decrease) increase in securities sold under agreements to repurchase (14,375) 10,674
Repayment of short-term borrowings and federal funds purchased 0 (136,000)
Proceeds from issuance of common stock 0 54,501
Proceeds from the exercise of options 98 0
Excess tax benefit from share-based payment arrangements (2) 0
Net cash provided by financing activities 84,345 978,579
Net (decrease) increase in cash and cash equivalents (204,516) 718,949
Cash and cash equivalents, beginning of period 749,174 472,319
Cash and cash equivalents, end of period 544,658 1,191,268
Supplemental disclosure:    
Interest paid 8,854 9,072
Taxes paid 8,367 5,132
Transfers of loans to other real estate owned $ 3,222 $ 5,749
[1] Other than temporary impairment was due to credit loss and therefore did not include amounts due to market conditions.