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Consolidated Statement of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities:  
Net Income$ 16,502$ 16,704
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:  
Provision for Loan Losses5651,125
Depreciation and Amortization4,6002,566
Allocation of ESOP Stock428443
Gains on the Sale of Securities Available-for-Sale(2,795)(1,496)
Other Than Temporary Impairment170
Loans Originated and Held-for-Sale(25,939)(15,041)
Proceeds from the Sale of Loans Held-for-Sale36,13315,568
Net (Gains) Losses on the Sale of Loans(437)(527)
Net (Gains) Losses on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets(9)1
Contributions to Pension Plans(1,739)(239)
Deferred Income Tax Expense (Benefit)508(654)
Shares Issued Under the Directors' Stock Plan8874
Stock-Based Compensation Expense266226
Net (Increase) Decrease in Other Assets(1,202)(561)
Net Increase (Decrease) in Other Liabilities4,614(2,497)
Net Cash Provided By (Used In) Operating Activities31,60015,692
Cash Flows from Investing Activities:  
Proceeds from the Sale of Securities Available-for-Sale38,85625,440
Proceeds from the Maturities and Calls of Securities Available-for-Sale236,332192,092
Purchases of Securities Available-for-Sale(224,577)(241,376)
Proceeds from the Maturities and Calls of Securities Held-to-Maturity24,78713,898
Purchases of Securities Held-to-Maturity(11,473)(3,300)
Net (Increase) Decrease in Loans14,098(43,436)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets373479
Purchases of Premises and Equipment(2,931)(1,095)
Acquisition of Subsidiary(3,297)264
Purchase of Bank-Owned Life Insurance(12,833)0
Net Decrease (Increase) in Other Investments3,842(539)
Net Cash Provided By (Used In) Investing Activities63,177(57,573)
Cash Flows from Financing Activities:  
Net Increase (Decrease) in Deposits115,335103,029
Net Increase (Decrease) in Short-Term Borrowings(3,547)(4,730)
Proceeds from Federal Home Loan Bank Advances10,00010,000
Repayment of Federal Home Loan Bank Advances(100,000)0
Purchases of Treasury Stock(3,892)(2,595)
Stock Options Exercised853319
Shares Issued Under the Employee Stock Purchase Plan348341
Tax Benefit from Exercise of Stock Options2167
Treasury Shares Issued for Dividend Reinvestment Plans1,3291,266
Acquisition by ESOP of Arrow Stock0(1,000)
Cash Dividends Paid(8,513)(8,202)
Net Cash Provided By (Used In) Financing Activities11,93498,495
Net Increase (Decrease) in Cash and Cash Equivalents106,71156,614
Cash and Cash Equivalents at Beginning of Period31,07967,116
Cash and Cash Equivalents at End of Period137,790123,730
Supplemental Disclosures to Statements of Cash Flow Information:  
Interest on Deposits and Borrowings15,37917,910
Income Taxes5,65212,763
Non-cash Investing and Financing Activities:  
Transfer of Loans to Other Real Estate Owned and Repossessed Assets628400
Net Unrealized Securities Holding Gains Arising During the Period, Net of Tax4,9004,841
Reclassification Adjustment for Net Securities Gains Included in Net Income, Net of Tax(1,688)(903)
Shares Issued for Acquisition of Subsidiary5,317682
Amortization of Net Retirement Plan Actuarial Loss464456
Accretion of Net Retirement Plan Prior Service Credit(58)(80)
Fair Value of Assets from Acquisition of Subsidiary10,728882
Fair Value of Liabilities from Acquisition of Subsidiary$ 2,114$ 465