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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES:    
Net income $ 5,917 $ 4,676
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 3,000 7,700
Depreciation and amortization of bank premises and equipment 837 784
Amortization of net premium on securities 1,457 1,197
Deferred income tax expense 3,505 2,064
Net gains on sales of securities (113) (2,781)
Income from bank owned life insurance (164) (246)
Change in fair value of derivative contracts 10 80
Stock-based compensation expense - net 574 711
Directors' stock plan expense 72 53
Net payments and proceeds from sales of loans held for sale 2,300 351
Decrease in other assets 856 1,642
Decrease in prepaid FDIC assessment 974 1,047
Decrease in other accrued expenses and other liabilities (250) (80)
Net cash provided by operating activities 18,975 17,198
INVESTING ACTIVITIES:    
Proceeds from sales of securities available for sale 65,186 56,751
Proceeds from prepayments and maturities of securities available for sale 44,574 79,711
Purchases of securities available for sale (81,948) (103,405)
Decrease in Federal Home Loan Bank and other restricted stock 979 1,888
Increase in loans - net (22,495) (8,541)
Benefit payments received on bank owned life insurance 1,239  
Purchases of bank premises and equipment - net (444) (673)
Net cash provided by investing activities 7,091 25,731
FINANCING ACTIVITIES:    
Increase (decrease) in demand and savings deposits 45,275 (46,556)
Increase in time deposits 6,797 85,835
Decrease in other temporary borrowings (22,000) (45,000)
Cash dividends paid on common stock (1,690) (1,650)
Cash dividends paid on preferred stock (920) (921)
Proceeds from reissuance of treasury stock 1,069 1,184
Proceeds from shares issued pursuant to compensation awards 211  
Proceeds from shares issued under dividend reinvestment plan 241 148
Net cash provided by (used in) financing activities 28,983 (6,960)
NET INCREASE IN CASH AND CASH EQUIVALENTS 55,049 35,969
CASH AND CASH EQUIVALENTS - JANUARY 1 23,121 28,624
CASH AND CASH EQUIVALENTS - JUNE 30 78,170 64,593
SUPPLEMENTAL DATA:    
Interest paid 4,630 6,025
Income taxes paid 223 632
Loans transferred to held for sale $ 2,300