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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
OPERATING ACTIVITIES:  
Net income$ 13,044$ 7,886
Adjustments to reconcile net income to net cash provided by operating activities:  
(Credit) provision for loan losses(500)10,200
Depreciation and amortization of bank premises and equipment1,2031,182
Amortization of net premium on securities2,0152,083
Deferred income tax expense7,9603,713
Net gains on sales of securities(1,046)(3,514)
Net gains on sales of loans held for sale (322)
Income from bank owned life insurance(265)(353)
Change in fair value of derivative contracts15397
Stock-based compensation expense - net807989
Directors' stock plan expense10878
Net payments and proceeds from sales of loans held for sale3,580992
Decrease in other assets1,7792,251
Decrease in prepaid FDIC assessment1,2761,570
Decrease in other accrued expenses and other liabilities(1,016)(160)
Net cash provided by operating activities29,09826,692
INVESTING ACTIVITIES:  
Proceeds from sales of securities available for sale108,53789,284
Proceeds from prepayments and maturities of securities available for sale79,138122,003
Purchases of securities held to maturity (22,000)
Purchases of securities available for sale(124,620)(212,817)
Decrease in Federal Home Loan Bank and other restricted stock1,97988
Increase in loans - net(43,742)(22,351)
Benefit payments received on bank owned life insurance1,239 
Purchases of bank premises and equipment - net(466)(1,201)
Net cash provided by (used in) investing activities22,065(46,994)
FINANCING ACTIVITIES:  
Increase (decrease) in demand and savings deposits32,271(16,061)
Increase in time deposits2,70552,206
Decrease in other temporary borrowings(23,000)(5,000)
Cash dividends paid on common stock(2,538)(2,483)
Cash dividends paid on preferred stock(1,381)(1,382)
Proceeds from reissuance of treasury stock1,0691,184
Proceeds from shares issued pursuant to compensation awards229 
Proceeds from shares issued under dividend reinvestment plan320240
Net cash provided by financing activities9,67528,704
NET INCREASE IN CASH AND CASH EQUIVALENTS60,8388,402
CASH AND CASH EQUIVALENTS - JANUARY 123,12128,624
CASH AND CASH EQUIVALENTS - SEPTEMBER 3083,95937,026
SUPPLEMENTAL DATA:  
Interest paid7,1499,199
Income taxes paid714802
Loans transferred to held for sale$ 3,580