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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating Activities    
Net income $ 11,315 $ 12,993
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 2,734 5,600
Depreciation expense 2,795 2,730
Securities amortization, net 1,878 2,187
Stock based compensation expense 325 177
Stock portion of director retainer fee expense 187 167
Amortization of purchased intangible assets 958 900
Amortization of mortgage servicing rights 926 933
Earnings on cash surrender value of life insurance policies (692) (567)
(Recovery)/additional impairment of valuation allowance on mortgage servicing rights (425) 226
Prepayment penalty on FHLB advance 2,239  
Securities gains, net of impairment (833) (535)
Loss on sale and write-down of OREO 318 213
Gain on loans sold (3,535) (2,703)
Loans originated for sale (139,789) (99,336)
Proceeds from loan sales 148,346 107,781
Change in other assets and liabilities 1,067 (308)
Net cash provided by operating activities 27,814 30,458
Investing Activities    
Purchases of securities available for sale (164,209) (93,938)
Proceeds from calls, maturities, and payments on securities available for sale 72,083 55,739
Proceeds from sales of securities available for sale 78,354 20,886
Proceeds from sale of OREO 3,264 8,362
Loan originations and payment, net (38,945) (22,277)
Purchases of premises and equipment (4,182) (1,818)
Purchase of life insurance policies (504)  
Proceeds from redemption of restricted stock 9 11
Net cash used by investing activities (54,130) (33,035)
Financing Activities    
Net change in deposits (1,769) 25,196
Net change in other borrowings (922) (1,361)
Repayment of FHLB advances (166,926) (5,277)
Proceeds from FHLB advances 190,000  
Purchase of treasury shares (204)  
Proceeds from exercise of stock options 316 66
Repurchase of preferred stock   (21,324)
Cash dividends on preferred stock (378) (1,154)
Cash dividends on common stock (2,443) (405)
Net cash provided/(used) by financing activities 17,674 (4,259)
Net change in cash and cash equivalents (8,642) (6,836)
Cash and cash equivalents, beginning of year 65,650 109,148
Cash and cash equivalents, end of period 57,008 102,312
Supplemental cash flow information    
Interest paid 5,508 8,433
Income tax paid 1,380 1,970
Supplemental non cash disclosure    
Loan balances transferred to foreclosed real estate $ 2,088 $ 2,856