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Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities    
Interest received $ 20,470 $ 19,610
Fees and commissions received 4,855 4,244
Interest paid (3,063) (3,621)
Cash paid to suppliers and employees (18,566) (17,377)
Origination of loans held for sale (32,266) (31,106)
Proceeds from loans held for sale 30,847 40,530
Net change in other assets (530) 942
Net cash provided by operating activities 1,747 13,222
Cash flows from investing activities    
Maturities of securities available for sale 28,639 32,591
Maturities of securities held for investment 1,623 1,984
Proceeds from sale of securities available for sale 111,717 2,135
Purchases of securities available for sale (60,818) (114,559)
Purchase of securities held for investment (500) (1,526)
Net new loans and principal repayments (13,367) 10,993
Proceeds from the sale of other real estate owned 5,274 5,014
Proceeds from sale of Federal Home Loan Bank and Federal Reserve Bank stock 0 563
Purchase of Federal Home Loan Bank and Federal Reserve Bank stock (6) 0
Additions to bank premises and equipment (569) (279)
Net cash (used in) provided by investing activities 71,993 (63,084)
Cash flows from financing activities    
Net increase in deposits 18,723 48,983
Net increase in federal funds purchased and repurchase agreements 13,064 16,972
Stock based employee benefit plans 51 40
Dividends paid (625) 0
Net cash provided (used in) financing activities 31,213 65,995
Net increase in cash and cash equivalents 104,953 16,133
Cash and cash equivalents at beginning of period 167,081 211,405
Cash and cash equivalents at end of period 272,034 227,538
Reconciliation of net income to net cash provided by operating activities    
NET INCOME 938 358
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 668 753
Amortization of premiums and discounts on securities, net 973 479
Other amortization and accretion, net 93 (394)
Change in loans held for sale, net (1,419) 9,424
Provision for loan losses 2,305 640
Gains on sale of securities (3,374) 0
Gains on sale of loans (163) (85)
Losses on sale and write-downs of other real estate owned 2,039 449
Losses on disposition of fixed assets 2 3
Change in interest receivable 255 (433)
Change in interest payable (355) 93
Change in prepaid expenses 680 962
Change in accrued taxes 214 52
Net change in other assets (530) 942
Change in other liabilities (579) (21)
Net cash provided by operating activities 1,747 13,222
Supplemental disclosures of non-cash investing activities:    
Fair value adjustment to securities 470 (1,601)
Transfer from loans to other real estate owned 1,964 2,416
Matured securities recorded as a receivable $ 763 $ 0