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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities  
Net income$ 12,658$ 12,227
Reconciliation of net income to net cash provided by operating activities:  
Provision for loan losses31,42324,017
Net security premium amortization1,0131,096
Purchase accounting accretion and amortization, net(9,921)(6,742)
Gain from acquisition(10,196)0
Foreclosed property losses and write-downs15,23611,938
Gain on securities available for sale(74)(25)
Other (gains) losses(38)154
Increase in net deferred loan costs(322)(488)
Depreciation of premises and equipment3,3022,963
Stock-based compensation expense643541
Amortization of intangible assets676654
Origination of presold mortgages in process of settlement(53,094)(60,158)
Proceeds from sales of presold mortgages in process of settlement53,23360,899
Decrease in accrued interest receivable2,0111,648
Increase in other assets(12,809)(10,694)
Decrease in accrued interest payable(144)(633)
Decrease in other liabilities(6,087)(1,913)
Net cash provided by operating activities27,51035,484
Cash Flows From Investing Activities  
Purchases of securities available for sale(43,146)(42,284)
Purchases of securities held to maturity(3,816)(19,710)
Proceeds from maturities/issuer calls of securities available for sale66,28180,225
Proceeds from maturities/issuer calls of securities held to maturity1,0532,367
Proceeds from sales of securities available for sale2,5180
Net decrease in loans30,47651,136
Proceeds from FDIC loss share agreements59,41146,433
Proceeds from sales of foreclosed real estate24,65016,840
Purchases of premises and equipment(5,407)(2,811)
Net cash received (paid) in acquisition54,037(170)
Net cash provided by investing activities186,057132,026
Cash Flows From Financing Activities  
Net decrease in deposits and repurchase agreements(109,551)(175,316)
Repayments of borrowings, net(65,081)(17,600)
Cash dividends paid - common stock(4,039)(4,016)
Cash dividends paid - preferred stock(2,582)(2,438)
Proceeds from issuance of common stock668627
Proceeds from issuance of preferred stock63,5000
Redemption of preferred stock(65,000)0
Tax benefit from exercise of nonqualified stock options036
Net cash used by financing activities(182,085)(198,707)
Increase (decrease) in cash and cash equivalents31,482(31,197)
Cash and cash equivalents, beginning of period212,002350,872
Cash and cash equivalents, end of period243,484319,675
Cash paid during the period for:  
Interest18,44725,686
Income taxes13,94316,238
Non-cash transactions:  
Unrealized gain on securities available for sale, net of taxes9591,349
Foreclosed loans transferred to other real estate$ 60,030$ 94,949