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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net earnings $ 15,446 $ 10,631
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 4,518 4,106
Accretion of purchase accounting adjustments (1,924) (4,631)
Provision for loan losses 2,925 2,250
Provision for deferred tax expense 2,034 2,181
Amortization of premiums on securities, net 2,432 3,432
Amortization of other investments 4 11
Stock option expense 355 212
Restricted stock expense 0 21
Net gain on sale of investment securities (128) (229)
Net (gain) loss on sale of other real estate owned (1,081) 205
Net write down of other real estate owned 31 380
Net (gain) loss on sale/disposal of premises and equipment 232 118
Change in accrued interest receivable 45 (174)
Change in accrued interest payable (240) (348)
Change in other assets & other liabilities, net (2,006) 189
Net cash provided by operating activities 22,643 18,354
Cash flows from investing activities:    
Net decrease in time deposits in other banks 0 881
Proceeds from maturities and calls of securities available-for-sale 33,466 59,430
Proceeds from maturities and calls of securities held-to-maturity 10,778 19,617
Proceeds from sale of securities available-for-sale 22,153 55,808
Purchases of securities available-for-sale 0 (68,043)
Purchases of securities held-to-maturity (1,104) (26,382)
Proceeds from redemption of other investments 150 1,000
Redemption of Capital Securities related to MidSouth Statutory Trust I 217 0
Purchases of other investments (567) (2,653)
Net change in loans (111,329) (90,091)
Purchases of premises and equipment (4,265) (10,955)
Proceeds from sale of premises and equipment 743 45
Proceeds from sale of other real estate owned 3,315 940
Net cash used in investing activities (46,443) (60,403)
Cash flows from financing activities:    
Change in deposits 2,244 (45,232)
Change in securities sold under agreements to repurchase 17,048 32,462
Change in federal funds purchased 0 3,900
Borrowings on Federal Home Loan bank advances 10,000 25,000
Repayments of FHLB advance (45) (43)
Redemption of MidSouth Statutory Trust I (7,217) 0
Repayments of notes payable (1,000) (750)
Purchase of treasury stock (9) 0
Proceeds and tax benefit from exercise of stock options 611 30
Tax benefit from issuance of restricted stock 0 14
Payment of dividends on preferred stock (530) (1,052)
Payment of dividends on common stock (2,818) (2,419)
Net cash provided by financing activities 18,284 11,910
Net increase (decrease) in cash and cash equivalents (5,516) (30,139)
Cash and cash equivalents, beginning of period 59,731 73,573
Cash and cash equivalents, end of period 54,215 43,434
Supplemental cash flow information:    
Interest paid 4,730 5,106
Income taxes paid 5,815 3,500
Noncash investing and financing activities:    
Transfer of loans to other real estate 317 701
Change in accrued common stock dividends 121 167
Change in accrued preferred stock dividends (6) 100
Financed sales of other real estate 84 0
Net change in loan to ESOP $ (267) $ 0