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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Net income $ 26,262 $ 21,838
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 3,307 2,605
Amortization/(accretion) (48) 1,165
Share-based compensation 181 272
Tax benefits from stock options exercised (66) (342)
(Gain) loss on assets 720 (54)
Gain on acquisitions   (9,334)
Provision for loan losses 1,250 6,850
Deferred income tax effect (7,065) 2,952
Increase in cash value of life insurance (526) (776)
Originations of mortgage loans held for sale (48,968) (54,144)
Proceeds from sales of mortgage loans held for sale 58,966 53,403
Changes in assets and liabilities:    
Accrued interest receivable 3,838 66
Other assets 19,953 7,798
Accrued interest payable and other liabilities (7,038) 4,293
Net cash provided by (used in) operating activities 50,766 36,592
Investing Activities    
Net (increase) decrease in federal funds sold 20,253 6,174
Net (increase) decrease in loans net, excluding loans acquired 69,950 (20,653)
Purchases of investment securities - available for sale (144,039) (65,041)
Proceeds from maturities of investment securities - available for sale 79,164 76,028
Proceeds from foreclosed assets held for sale 15,207 13,294
Proceeds from sale of SBA loans 4,524 268
Sale of mortgage servicing portfolio   225
Purchases of premises and equipment, net (2,042) (6,846)
Death benefits received 700 1,585
Net cash proceeds received in FDIC-assisted acquisitions   71,652
Net cash provided by (used in) investing activities 43,717 76,686
Financing Activities    
Net increase (decrease) in deposits, net of deposits acquired (62,005) (44,134)
Net increase (decrease) in securities sold under agreements to repurchase (8,827) 869
Net increase (decrease) in FHLB and other borrowed funds, net of acquired (27,146) (51,954)
Proceeds from exercise of stock options 97 660
Disgorgement of profits   11
Tax benefits from stock options exercised 66 342
Dividends paid on preferred stock (1,249) (1,249)
Dividends paid on common stock (3,077) (3,099)
Net cash provided by (used in) financing activities (102,141) (98,554)
Net change in cash and cash equivalents (7,658) 14,724
Cash and cash equivalents - beginning of year 287,532 173,490
Cash and cash equivalents - end of period $ 279,874 $ 188,214