XML 47 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows From Operating Activities:    
Net income $ 9,763 $ 19,952
Adjustments reconciling net income to net cash provided by operating activities:    
Depreciation 3,585 3,248
Net (gains) losses on sale or disposal of premises and equipment 163 (148)
Net losses or write-downs on sale of other real estate owned 9,048 9,962
Provision for loan losses 26,647 23,710
Gain on acquisitions (20,037) (26,867)
Amortization of intangible assets 996 782
Net change in mortgage loans held for sale (17,458) (8,867)
Net gains on securities available for sale   (238)
Change in other prepaids, deferrals and accruals, net 16,236 14,104
Net cash provided by operating activities 28,943 35,638
Cash Flows From Investing Activities, net of effect of business combinations:    
Net decrease in federal funds sold and interest bearing deposits 162,170 95,983
Proceeds from maturities of securities available for sale 82,623 59,655
Purchase of securities available for sale (89,787) (116,228)
Proceeds from sales of securities available for sale 27,563 89,345
Purchase bank owned life insurance (50,000)  
Net (increase) decrease in loans (53,660) 49,071
Proceeds from sales of other real estate owned 57,443 36,885
Proceeds from sales of premises and equipment 409 1,115
Purchases of premises and equipment (6,642) (9,573)
Decrease in FDIC indemnification asset 96,608 20,519
Net cash proceeds received from FDIC-assisted acquisitions 220,516 38,017
Net cash provided by investing activities 447,243 264,789
Cash Flows From Financing Activities, net of effect of business combinations:    
Net decrease in deposits (429,185) (218,522)
Net decrease in securities sold under agreements to repurchase (20,261) (55,004)
Decrease in other borrowings (30,334) (43,495)
Dividends paid-preferred stock (1,979) (1,971)
Repurchase of warrants (2,670)  
Proceeds from exercise of stock options 4  
Net cash used in financing activities (484,425) (318,992)
Net decrease in cash and due from banks (8,239) (18,565)
Cash and due from banks at beginning of period 65,528 74,326
Cash and due from banks at end of period 57,289 55,761
Cash paid during the period for:    
Interest 13,699 23,456
Income taxes $ 52 $ 2,198