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Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 28,939$ 23,794
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization3,1233,366
Deferred taxes(3,373)1,709
Stock based compensation589597
Excess tax benefits of stock-based compensation(122)3
Dividends on restricted stock900
Provision for loan losses10,22212,504
Fair value adjustments to other real estate owned2,890478
Gains on sale of mortgage loans held for sale(1,166)(1,354)
Losses on sale of assets, net804
Proceeds from sale of mortgage loans held for sale53,98666,971
Funding of mortgage loans held for sale(53,191)(65,022)
Amortization of securities premiums and discounts, net2,4301,587
Change in cash surrender value of bank owned life insurance(1,051)(1,240)
Death benefits received on bank owned life insurance790
Mortgage servicing rights  
Fair value adjustments1,1391,194
New servicing assets created(378)(433)
Changes in:  
Other assets508(1,533)
Other liabilities27,3125,398
Net cash provided by operating activities72,10648,023
Certificates of deposit in other banks:  
Purchase of certificates of deposit0(16,363)
Maturity of certificates of deposit1,483955
Securities available-for-sale:  
Purchase of AFS securities(188,002)(133,604)
Proceeds from prepayments and maturities of AFS securities70,34175,413
Securities held-to-maturity:  
Purchase of HTM securities0(480)
Proceeds from prepayments and maturities of HTM securities013,154
Change in loans, net(2,666)(29,409)
Purchase of premises and equipment(2,806)(1,540)
Proceeds from sale of premises and equipment399
Additional investment in Federal Reserve Bank stock(449)(9)
Proceeds from sale of other real estate and other repossessed assets6,4374,788
Additional investment in other real estate and other repossessed assets(254)(203)
Additional investment in bank owned life insurance(2,458)0
Net cash used in investing activities(118,335)(87,289)
Cash flows from financing activities:  
Change in deposits, net102,705113,086
Change in repurchase agreements, federal funds purchased, and other short-term borrowings, net47,3908,137
Proceeds from Federal Home Loan Bank advances5710
Payments on advances from Federal Home Loan Bank(151)(615)
Issuance of common stock1,0091,263
Excess tax benefits of stock-based compensation122(3)
Dividends paid(13,994)(13,683)
Net cash provided by financing activities137,652108,185
Net increase in cash and cash equivalents91,42368,919
Cash and cash equivalents at beginning of period158,983142,129
Cash and cash equivalents at end of period250,406211,048
Supplemental disclosures:  
Income taxes paid8,38012,550
Interest paid18,84122,767
Non-cash activities:  
Loans to facilitate the sale of other real estate and other repossessed assets1,375577
Common stock dividends accrued, paid in subsequent quarter4,7494,667
Real estate acquired in settlement of loans$ 25,551$ 9,105