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Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Interest received $ 40,143 $ 40,622
Fees and commissions received 10,105 8,837
Interest paid (5,471) (7,001)
Cash paid to suppliers and employees (36,229) (30,694)
Origination of loans held for sale (80,588) (67,572)
Proceeds from loans held for sale 76,197 75,333
Net change in other assets (67) 667
Net cash provided by operating activities 4,090 20,192
Cash flows from investing activities    
Maturity of securities available for sale 59,538 59,551
Maturity of securities held for investment 3,241 2,639
Proceeds from sale of securities available for sale 226,839 2,155
Purchase of securities available for sale (197,847) (223,114)
Purchase of securities held for investment (500) (1,526)
Net new loans and principal repayments (26,983) 15,818
Proceeds from the sale of other real estate owned 13,584 30,284
Proceeds from sale of Federal Home Loan Bank and Federal Reserve Bank stock 132 960
Purchase of Federal Home Loan Bank and Federal Reserve Bank stock (60) 0
Additions to bank premises and equipment (2,333) (368)
Net cash (used in) provided by investing activities 75,611 (113,601)
Cash flows from financing activities    
Net increase in deposits (29,153) 44,242
Net increase in federal funds purchased and repurchase agreements 3,237 4,614
Purchase of stock warrants, net of related expenses (81) 0
Stock based employee benefit plans 100 39
Dividends paid (1,250) 0
Net cash provided (used in) financing activities (27,147) 48,895
Net increase in cash and cash equivalents 52,554 (44,514)
Cash and cash equivalents at beginning of period 167,081 211,405
Cash and cash equivalents at end of period 219,635 166,891
Reconciliation of net income to cash provided by operating activities    
NET INCOME (LOSS) (1,397) 1,471
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,338 1,466
Amortization of premiums and discounts on securities, net 2,128 1,116
Other amortization and accretion, net 81 (412)
Change in loans held for sale, net (4,391) 7,761
Provision for loan losses 8,760 1,542
Gain on sale of securities (6,989) 0
Gain on sale of loans (217) (93)
Losses on sale and write-downs of other real estate owned 2,830 1,651
Losses on disposition of fixed assets 177 55
Change in interest receivable 676 (114)
Change in interest payable (463) 458
Change in prepaid expenses 1,119 1,986
Change in accrued taxes 146 273
Net change in other assets (67) 667
Change in other liabilities 359 2,365
Net cash provided by operating activities 4,090 20,192
Supplemental disclosure of non-cash investing activities:    
Fair value adjustment to securities (3,761) 5,182
Transfer from loans to other real estate owned 4,879 30,369
Purchase of securities on trade date 0 10,438
Securities principal receivable recorded in other assets 1,985 0
Transfer of other real estate owned sold to other assets $ 1,923 $ 0