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CONSOLIDATED STATEMENTS OF CASH FLOW (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities  
Net income$ 17,787$ 10,014
Adjustments to reconcile net income to net cash provided by operating activities:  
Provision for loan losses14,60029,250
Depreciation expense3,7923,999
Securities amortization, net1,7941,057
Stock based compensation expense25286
Amortization of purchased intangible assets1,4771,550
Increase in cash surrender value of life insurance policies(903)(902)
Gain on life insurance benefit(141)(67)
Securities gains(4,917)(2,978)
Net ORE loss and write-downs1,212611
Gain on loans sold(2,386)(3,139)
Loans originated for sale(120,413)(175,078)
Proceeds from loan sales122,101176,406
Change in other assets and liabilities4,9755,705
Net cash provided by operating activities39,23046,514
Investing Activities  
Purchases of securities available for sale(285,169)(300,838)
Proceeds from calls, maturities, and payments on securities available for sale90,330109,294
Proceeds from sales of securities available for sale161,744111,564
Proceeds from life insurance benefit893124
Proceeds from ORE sales11,9186,818
Loan originations and payments, net81,749119,958
Purchases of premises and equipment(5,494)(4,158)
Proceeds from redemption of restricted stock2,3945,825
Net cash provided by investing activities58,36548,587
Financing Activities  
Net change in deposits(43,817)(18,021)
Net change in other borrowings(7,855)(19,134)
Proceeds from FHLB advances15,000 
Repayment of FHLB advances(15,568)(42,093)
Cash dividends on preferred stock(2,138)(2,137)
Cash dividends on common stock(605)(604)
Net cash (used) by financing activities(54,983)(81,989)
Net change in cash and cash equivalents42,61213,112
Cash and cash equivalents, beginning of year60,12371,689
Cash and cash equivalents, end of period$ 102,735$ 84,801