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Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities    
Interest received $ 18,405 $ 20,470
Fees and commissions received 5,136 4,855
Interest paid (1,467) (3,063)
Cash paid to suppliers and employees (17,966) (18,566)
Origination of loans held for sale (49,323) (32,266)
Proceeds from loans held for sale 61,138 30,847
Net change in other assets 761 (530)
Net cash provided by operating activities 16,684 1,747
Cash flows from investing activities    
Maturity of securities available for sale 45,201 28,639
Maturity of securities held for investment 0 1,623
Proceeds from sale of securities available for sale 11,836 111,717
Purchase of securities available for sale (50,327) (60,818)
Purchase of securities held for investment 0 (500)
Net new loans and principal repayments 16 (13,367)
Proceeds from the sale of other real estate owned 1,366 5,274
Proceeds from sale of Federal Home Loan Bank and Federal Reserve Bank stock 620 0
Purchase of Federal Home Loan Bank and Federal Reserve Bank stock 0 (6)
Additions to bank premises and equipment (833) (569)
Net cash (used in) provided by investing activities 7,879 71,993
Cash flows from financing activities    
Net increase in deposits 3,204 18,723
Net increase in federal funds purchased and repurchase agreements 24,875 13,064
Stock based employee benefit plans 47 51
Dividends paid on preferred shares (625) (625)
Net cash provided by financing activities 27,501 31,213
Net increase in cash and cash equivalents 52,064 104,953
Cash and cash equivalents at beginning of period 174,987 167,081
Cash and cash equivalents at end of period 227,051 272,034
Reconciliation of net income to cash provided by operating activities    
Net income 2,044 938
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 669 668
Amortization of premiums and discounts on securities, net 1,298 973
Other amortization and accretion, net 74 93
Change in loans held for sale, net 11,815 (1,419)
Provision for loan losses 953 2,305
Gain on sale of securities (25) (3,374)
Unrealized gain on loans available for sale (864) (163)
Losses on sale and write-downs of other real estate owned 568 2,039
Losses on disposition of fixed assets 8 2
Change in interest receivable (227) 255
Change in interest payable (10) (355)
Change in prepaid expenses 738 680
Change in accrued taxes 173 214
Change in other assets 761 (530)
Change in other liabilities (1,291) (579)
Net cash provided by operating activities 16,684 1,747
Supplemental disclosure of non cash investing activities:    
Fair value adjustment to securities (629) 470
Transfer from loans to other real estate owned 863 1,964
Matured securities recorded as a receivable 2,339 763
Transfer from securities held for investment to securities available for sale $ 13,818 $ 0