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CONSOLIDATED STATEMENTS OF CASH FLOW (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Net income $ 12,172 $ 5,414
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 9,600 22,250
Depreciation expense 2,546 2,700
Securities amortization, net 1,103 458
Stock based compensation expense 134 57
Amortization of purchased intangible assets 984 1,033
Increase in cash surrender value of life insurance policies (594) (597)
Gain on life insurance benefit (141) (67)
Securities gains (3,654) (2,978)
Net ORE loss and write-downs 561 16
Gain on loans sold (1,510) (1,817)
Loans originated for sale (73,243) (97,445)
Proceeds from loan sales 76,076 98,676
Change in other assets and liabilities 3,359 3,101
Net cash provided by operating activities 27,393 30,801
Investing Activities    
Purchases of securities available for sale (199,816) (195,222)
Proceeds from calls, maturities, and payments on securities available for sale 65,032 67,874
Proceeds from sales of securities available for sale 120,600 111,563
Proceeds from life insurance benefit 893 124
Proceeds from ORE sales 9,667 6,925
Loan originations and payments, net 41,064 98,725
Purchases of premises and equipment (3,447) (2,422)
Proceeds from redemption of restricted stock 2,191 5,822
Net cash provided by investing activities 36,184 93,389
Financing Activities    
Net change in deposits 32,082 (26,325)
Net change in other borrowings 7,627 (13,570)
Repayment of FHLB advances (10,373) (31,811)
Cash dividends on preferred stock (1,425) (1,425)
Cash dividends (403) (402)
Net cash (used) by financing activities 27,508 (73,533)
Net change in cash and cash equivalents 91,085 50,657
Cash and cash equivalents, beginning of year 60,123 71,689
Cash and cash equivalents, end of period $ 151,208 $ 122,346