XML 36 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities      
Net income $ 57,901 $ 57,404 $ 52,011
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for loan and lease losses 20,737 29,809 33,392
Depreciation and amortization of premises and equipment 5,463 5,327 5,398
Net accretion on securities 1,597 1,468 535
Amortization of intangible assets 3,046 3,072 3,246
Stock based compensation 3,244 3,782 3,133
Bank owned life insurance income (3,085) (3,316) (3,135)
Trading security purchases (447) (184) (460)
Unrealized losses (gains) in trading securities 193 (214) (543)
Deferred income tax benefit (9,478) (14,955) (1,501)
Proceeds from sale of loans held for sale 13,545 83,143 135,519
Originations and purchases of loans held for sale (14,167) (80,469) (138,583)
Net gains on sales of loans held for sale (329) (911) (953)
Net security gains (150) (3,274) (144)
Net gains on sales of other real estate owned (2,531) (517) (306)
Net (increase) decrease in other assets (3,579) 6,627 (39,324)
Net increase in other liabilities 11,805 2,645 6,399
Net cash provided by operating activities 83,765 89,437 54,684
Investing activities      
Net cash provided by acquisitions 81,467 0 0
Securities available for sale:      
Proceeds from maturities, calls, and principal paydowns 541,555 511,394 434,127
Proceeds from sales 2,437 103,253 2,753
Purchases (648,048) (635,319) (426,979)
Securities held to maturity:      
Proceeds from maturities, calls, and principal paydowns 47,186 112,399 90,668
Purchases (20,736) (48,701) (110,496)
Net (increase) decrease in loans (172,920) 7,292 (18,775)
Net decrease in Federal Reserve and FHLB stock 226 8,733 3,066
Proceeds from bank owned life insurance 758 2,767 1,054
Purchases of premises and equipment, net (9,954) (6,510) (6,378)
Proceeds from sales of other real estate owned 2,531 3,186 2,512
Net cash (used in) provided by investing activities (175,498) 58,494 (28,448)
Financing activities      
Net increase in deposits 87,992 41,306 169,788
Net increase (decrease) in short-term borrowings 22,158 3,457 (50,515)
Proceeds from issuance of long-term debt 156 0 0
Repayments of long-term debt (2,146) (184,824) (77,511)
Excess tax benefit from exercise of stock options 341 140 (243)
Proceeds from the issuance of shares to employee benefit plans and other stock plans 1,386 1,675 2,728
Issuance of common stock 0 0 33,401
Purchase of treasury stock (30,502) (477) 0
Cash dividends and payments for fractional shares (27,063) (27,577) (27,119)
Net cash provided by (used in) financing activities 52,322 (166,300) 50,529
Net (decrease) increase in cash and cash equivalents (39,411) (18,369) 76,765
Cash and cash equivalents at beginning of year 168,792 187,161 110,396
Cash and cash equivalents at end of year 129,381 168,792 187,161
Cash paid during the year for:      
Interest 40,135 54,668 79,819
Income taxes, net of refund 31,258 37,033 13,952
Noncash investing activities:      
Loans transferred to other real estate owned 2,927 1,212 3,899
Acquisitions:      
Fair value of assets acquired 67,020 0 0
Fair value of liabilities assumed $ 148,487 $ 0 $ 0