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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating Activities    
Net income $ 13,979 $ 11,315
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,500 2,734
Depreciation expense 2,891 2,795
Securities amortization, net 967 1,878
Stock based compensation expense 384 325
Stock portion of director retainer fee expense 180 187
Amortization of purchased intangible assets 864 958
Amortization of mortgage servicing rights 491 926
Earnings on cash surrender value of life insurance policies (650) (692)
(Recovery) of valuation allowance on mortgage servicing rights   (425)
Prepayment penalty on FHLB advance   2,239
Securities (gains)/losses, net 4 (833)
Loss on sale and write-down of OREO 38 318
Gain on loans sold (1,729) (3,535)
Loans originated for sale (68,871) (139,789)
Proceeds from loan sales 71,253 148,346
Change in other assets and liabilities (214) 1,067
Net cash provided by operating activities 21,087 27,814
Investing Activities    
Net change in interest bearing time deposits (980)  
Purchases of securities available for sale (19,473) (164,209)
Proceeds from calls, maturities, and payments on securities available for sale 52,902 72,083
Proceeds from sales of securities available for sale 21,972 78,354
Proceeds from sale of OREO 2,258 3,264
Proceeds from life insurance benefit 588  
Loan originations and payment, net (36,013) (38,945)
Purchases of premises and equipment (969) (4,182)
Purchase of life insurance policies   (504)
Proceeds from redemption of restricted stock 4 9
Net cash provided/(used) by investing activities 20,289 (54,130)
Financing Activities    
Net change in deposits 55,717 (1,769)
Net change in other borrowings (7,859) (922)
Repayment of FHLB advances (588,434) (166,926)
Proceeds from FHLB advances 520,000 190,000
Purchase of treasury shares (319) (204)
Proceeds from exercise of stock options, including tax benefit 60 316
Repayment of subordinated debentures, net (5,000)  
Cash dividends on preferred stock   (378)
Cash dividends on common stock (4,090) (2,443)
Net cash (used)/provided by financing activities (29,925) 17,674
Net change in cash and cash equivalents 11,451 (8,642)
Cash and cash equivalents, beginning of year 61,320 65,650
Cash and cash equivalents, end of period 72,771 57,008
Supplemental cash flow information    
Interest paid 4,547 5,508
Income taxes paid 2,250 1,380
Supplemental non cash disclosure    
Loan balances transferred to foreclosed real estate $ 1,899 $ 2,088