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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Interest received $ 17,935 $ 18,405
Fees and commissions received 5,234 5,136
Interest paid (1,302) (1,467)
Cash paid to suppliers and employees (19,469) (17,966)
Origination of loans held for sale (35,048) (49,323)
Proceeds from loans held for sale 37,842 61,138
Net change in other assets 638 761
Net cash provided by operating activities 5,830 16,684
Cash flows from investing activities    
Maturity of securities available for sale 23,586 45,201
Proceeds from sale of securities available for sale 4,061 11,836
Purchase of securities available for sale (41,058) (50,327)
Net new loans and principal repayments (9,172) 16
Proceeds from the sale of other real estate owned 1,379 1,366
Proceeds from sale of Federal Home Loan Bank and Federal Reserve Bank stock 567 620
Additions to bank premises and equipment (1,298) (833)
Net cash (used in) provided by investing activities (21,935) 7,879
Cash flows from financing activities    
Net increase in deposits 13,750 3,204
Net increase in federal funds purchased and repurchase agreements 4,826 24,875
Issuance of common stock, net of related expense 24,641 0
Stock based employee benefit plans 42 47
Dividends paid on preferred shares 0 (625)
Net cash provided by financing activities 43,259 27,501
Net increase in cash and cash equivalents 27,154 52,064
Cash and cash equivalents at beginning of period 191,624 174,987
Cash and cash equivalents at end of period 218,778 227,051
Reconciliation of net income to cash provided by operating activities    
Net income 2,299 2,044
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 757 669
Amortization of premiums and discounts on securities, net 501 1,298
Other amortization and accretion, net 266 74
Change in loans held for sale, net 2,794 11,815
Provision for loan losses (735) 953
Gain on sale of securities (17) (25)
Gain on sale of loans (415) (864)
Losses on sale and write-downs of other real estate owned 53 568
Losses on disposition of fixed assets (12) 8
Change in interest receivable (148) (227)
Change in interest payable (10) (10)
Change in prepaid expenses (236) 738
Change in accrued taxes 1,643 173
Change in other assets 638 761
Change in other liabilities (1,548) (1,291)
Cash flows from operating activities 5,830 16,684
Supplemental disclosure of non cash investing activities:    
Fair value adjustment to securities 4,307 (629)
Transfer from loans to other real estate owned 923 863
Matured securities recorded as a receivable 492 2,339
Transfer from securities held for investment to securities available for sale $ 0 $ 13,818