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Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 18,274 $ 15,344
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,990 2,326
Deferred taxes (1,941) (690)
Stock based compensation 402 380
Excess tax benefits of stock-based compensation (86) 21
Dividends on restricted stock 60 37
Provision for loan losses 7,707 8,828
Fair value adjustments to other real estate owned 2,177 395
Gains on sale of mortgage loans held for sale (728) (779)
(Gains) losses on sale of assets, net 105 16
Proceeds from sale of mortgage loans held for sale 33,863 36,794
Funding of mortgage loans held for sale (33,301) (35,663)
Amortization of securities premiums and discounts, net 1,434 954
Change in cash surrender value of bank owned life insurance (679) (695)
Death benefits received on bank owned life insurance 79 0
Mortgage servicing rights    
Fair value adjustments 383 981
New servicing assets created (251) (267)
Changes in:    
Other assets (5,548) 265
Other liabilities 11,827 6,348
Net cash provided by operating activities 35,767 34,595
Certificates of deposit in other banks:    
Purchase of certificates of deposit 0 (16,363)
Maturity of certificates of deposit 1,719 955
Securities available-for-sale:    
Purchase of AFS securities (156,846) (129,723)
Proceeds from prepayments and maturities of AFS securities 42,906 5,005
Proceeds from sales 0 43,358
Securities held-to-maturity:    
Purchase of HTM securities 0 (480)
Proceeds from prepayments and maturities of HTM securities 0 13,153
Change in loans, net 7,077 (17,230)
Purchase of premises and equipment (2,160) (1,170)
Proceeds from sale of premises and equipment 13 2
Additional investment in Federal Reserve Bank stock (448) (6)
Proceeds from sale of other real estate and other repossessed assets 4,171 3,304
Additional investment in other real estate and other repossessed assets (61) (185)
Additional investment in bank owned life insurance (2,458) 0
Net cash used in investing activities (106,087) (99,380)
Cash flows from financing activities:    
Change in deposits, net 75,004 108,918
Change in repurchase agreements, federal funds purchased, and other short-term borrowings, net 27,697 (924)
Proceeds from Federal Home Loan Bank advances 571 0
Payments on advances from Federal Home Loan Bank (101) (612)
Issuance of common stock 728 975
Excess tax benefits of stock-based compensation 86 (21)
Dividends paid (9,325) (9,115)
Net cash provided by financing activities 94,660 99,221
Net increase in cash and cash equivalents 24,340 34,436
Cash and cash equivalents at beginning of period 158,983 142,129
Cash and cash equivalents at end of period 183,323 176,565
Supplemental disclosures:    
Income taxes paid 8,380 4,200
Interest paid 12,925 15,288
Non-cash activities:    
Loans to facilitate the sale of other real estate and other repossessed assets 739 146
Common stock dividends accrued, paid in subsequent quarter 4,665 4,568
Real estate acquired in settlement of loans $ 10,938 $ 6,599