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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CONSOLIDATED STATEMENTS OF CASH FLOWS [Abstract]      
NET INCOME (LOSS) $ 12,718 $ (1,748) $ (78)
ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES      
Provision for loan losses 1,250 8,500 24,888
Depreciation and amortization 3,258 2,572 2,510
Stock-based compensation 579 458 0
OTTI of securities 0 0 1,052
Net amortization of premiums 1,312 1,411 2,307
Originations of mortgage loans for sale (42,052) (47,832) (19,226)
Proceeds from sale of mortgage loans originated for sale 47,519 49,014 19,631
Gain on sale of mortgage loans originated for sale (1,062) (1,182) (405)
Gain on sale of portfolio loans (445) (755) 0
Increase in other intangibles (308) (233) (27)
Deferred tax expense 3,077 3,133 0
Decrease in income tax receivable 5,406 15 0
(Increase) decrease in accrued interest and loan fees receivable (558) 2,002 140
Decrease (increase) in other assets 1,742 2,177 (1,524)
Adjustment to unfunded pension liability (63) 3,147 8,473
Increase (decrease) in other liabilities 2,514 1,797 (7,981)
Income from bank owned life insurance (755) 0 0
Gain on Visa shares sold (7,766) 0 0
Gain on sale of branch building (404) 0 0
Loss on sale and writedowns of OREO 47 600 0
(Gain) loss on sale of securities available for sale (403) 217 (1,648)
Net cash (used in) provided by operating activities 25,606 23,293 28,112
CASH FLOWS FROM INVESTING ACTIVITIES      
Principal payments on investment securities 55,904 32,662 32,650
Proceeds from sale of investment securities - available for sale 13,427 7,457 44,142
Maturities of investment securities - available for sale 24,752 33,493 30,000
Purchases of investment securities - available for sale (116,403) (181,789) (3,287)
Maturities of investment securities - held to maturity 1,593 2,247 2,270
Purchases of investment securities - held to maturity (5,243) (990) (1,655)
Increase in interest-bearing time deposits in other banks (10,000) 0 0
Decrease (increase) in Federal Reserve Bank, Federal Home Loan Bank and other stock 180 (507) 1,727
Proceeds from sale of portfolio loans 7,732 56,993 0
Loan (originations) repayments - net (300,796) 100,680 128,177
Proceeds from sale of Visa shares 7,766 0 0
Proceeds from sale of branch building 851 0 0
Proceeds from sale of OREO 1,525 0 3,919
Increase in bank owned life insurance (38,000) 0 0
Purchases of premises and equipment - net (1,310) (2,244) (2,969)
Net cash used in investing activities (358,022) 48,002 234,974
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in deposit accounts 78,947 119,242 (90,881)
Net decrease in short-term borrowings 0 0 (40,000)
Proceeds from private equity offering, net 0 22,759 0
Dividends Paid to Stockholders 0 0 (1,454)
Proceeds from stock dividend reinvestment 0 0 659
Proceeds from stock options exercised 91 0 0
Decrease in capital lease payable (76) (49) 0
Net cash provided by (used in) financing activities 78,962 141,952 (131,676)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (253,454) 213,247 131,410
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 385,806 172,559 41,149
CASH AND CASH EQUIVALENTS, END OF PERIOD 132,352 385,806 172,559
SUPPLEMENTAL DATA:      
Interest paid 3,007 3,830 6,168
Income taxes paid 480 0 0
Loans transferred to held-for-sale 6,383 56,843 0
Loans transferred to OREO $ 0 $ 372 $ 0