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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 33,087 $ 29,321 $ 28,120
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 4,836 4,731 4,502
Net loss on sale of other real estate owned 478 1,008 664
Writedown of other real estate owned 3,454 2,631 1,246
Provision for loan losses 18,750 23,200 11,310
Deferred tax (benefit) expense (2,336) 581 2,154
Stock based compensation expense 287 176 214
Net (gain) loss on sale of bank premises and equipment (4) 39 (48)
Net gain on sale of securities available for sale (1,428) (3,352) (1,848)
Proceeds from sales and calls of trading securities 0 0 24,936
Proceeds from maturities of trading securities 0 0 91,040
Net trading losses 0 0 350
Decrease (increase) in taxes receivable 473 (12,336) 2,146
Decrease (increase) in interest receivable (774) 1,020 1,838
Decrease in interest payable (311) (516) (1,288)
Decrease (increase) in other assets 4,614 2,420 (24,533)
Increase (decrease) in accrued expenses and other liabilities 192 (444) 1,271
Total adjustments 28,231 19,158 113,954
Net cash provided by operating activities 61,318 48,479 142,074
Cash flows from investing activities:      
Proceeds from sales and calls of securities available for sale 1,171,998 1,198,435 747,444
Purchases of securities available for sale (1,209,300) (1,301,963) (891,298)
Proceeds from maturities of securities available for sale 20,243 19,312 651,151
Proceeds from calls and maturities of held to maturity securities 87,320 183,159 7,740
Purchases of held to maturity securities (111,896) 0 (761,224)
Net increase in loans (188,776) (106,118) (141,613)
Proceeds from dispositions of other real estate owned 9,013 11,474 4,499
Proceeds from dispositions of bank premises and equipment 7 0 175
Purchases of bank premises and equipment (5,213) (3,609) (7,266)
Net cash (used in) provided by investing activities (226,604) 690 (390,392)
Cash flows from financing activities:      
Net increase in deposits 181,886 248,927 168,889
Net increase (decrease) in short-term borrowings 22,948 16,887 (1,864)
Proceeds from sales of treasury stock 2,900 2,833 3,909
Net proceeds from common stock offering 67,578 0 0
Dividends paid (21,333) (19,460) (26,326)
Net cash provided by financing activities 253,979 249,187 144,608
Net increase (decrease) in cash and cash equivalents 88,693 298,356 (103,710)
Cash and cash equivalents at beginning of period 444,250 145,894 249,604
Cash and cash equivalents at end of period 532,943 444,250 145,894
Cash paid during the year for:      
Interest paid 26,555 35,514 50,739
Income taxes paid 18,824 27,628 14,667
Non cash investing and financing activites:      
Transfer of loans to real estate owned 10,794 13,509 13,547
Increase (decrease) in dividends payable 1,069 271 (3,578)
Change in unrealized gain (loss) on securities available for sale - gross of deferred taxes 7,634 (6,332) (3,490)
Change in deferred tax effect on unrealized gain (loss) on securities available for sale, net of reclassification adjustment (3,044) 2,527 1,392
Amortization of net actuarial loss and prior service credit on pension and post retirement plans, gross of deferred taxes (177) (216) (38)
Change in deferred tax effect of amortization of net actuarial loss and prior service credit on pension and post retirement plans 71 86 15
Change in overfunded portion of pension and post retirement benefit plans (ASC 715) - gross (4,753) 1,827 3,792
Deferred tax effect of change in overfunded portion of pension and post retirement benefit plans (ASC 715) $ 1,895 $ (729) $ (1,512)