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CONSOLIDATED STATEMENTS OF CASH FLOW (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating Activities    
Net income $ 6,011 $ 4,546
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 3,100 5,600
Depreciation expense 1,332 1,272
Securities amortization, net 1,055 607
Stock based compensation expense 134 17
Amortization of purchased intangible assets 452 492
Amortization of mortgage servicing rights 501 327
Earnings on cash surrender value of life insurance policies (287) (291)
Securities gains (487) (1,133)
Loss on sale and write-down of OREO 252 365
Gain on loans sold (1,190) (906)
Loans originated for sale (56,687) (40,931)
Proceeds from loan sales 55,304 45,823
Change in other assets and liabilities 674 1,731
Net cash provided by operating activities 10,164 17,519
Investing Activities    
Purchases of securities available for sale (57,380) (90,062)
Proceeds from calls, maturities, and payments on securities available for sale 27,286 40,365
Proceeds from sales of securities available for sale 19,956 43,428
Proceeds from sale of OREO 6,361 1,459
Loan originations and payment, net (3,979) 22,372
Purchases of premises and equipment (1,385) (1,865)
Proceeds from redemption of restricted stock 2 204
Net cash provided/(used) by investing activities (9,139) 15,901
Financing Activities    
Net change in deposits (902) (2,203)
Net change in other borrowings 3,876 (2,224)
Repayment of FHLB advances (73) (6,084)
Cash dividends on preferred stock (713) (713)
Cash dividends on common stock (202) (201)
Net cash provided/(used) by financing activities 1,986 (11,425)
Net change in cash and cash equivalents 3,011 21,995
Cash and cash equivalents, beginning of year 109,148 60,123
Cash and cash equivalents, end of period $ 112,159 $ 82,118