XML 40 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows From Operating Activities    
Net income $ 15,021 $ 2,531
Reconciliation of net income to net cash provided by operating activities:    
Provision for loan losses 21,720 35,095
Net security premium amortization 2,089 1,397
Purchase accounting accretion and amortization, net (14,283) (10,209)
Foreclosed property losses and write-downs, net 2,051 15,768
Gain on securities available for sale (560) (638)
Other losses (gains) 204 (67)
Decrease (increase) in net deferred loan costs 300 (198)
Depreciation of premises and equipment 3,459 3,427
Stock-based compensation expense 221 280
Amortization of intangible assets 639 670
Origination of presold mortgages in process of settlement (79,117) (70,507)
Proceeds from sales of presold mortgages in process of settlement 84,723 72,217
Decrease in accrued interest receivable 538 1,059
Decrease (increase) in other assets 1,795 (11,412)
Decrease in accrued interest payable (406) (455)
Increase (decrease) in other liabilities 2,133 (4,225)
Net cash provided by operating activities 40,527 34,733
Cash Flows From Investing Activities    
Purchases of securities available for sale (55,499) (64,269)
Proceeds from sales of securities available for sale 12,935 9,641
Proceeds from maturities/issuer calls of securities available for sale 30,717 76,161
Proceeds from maturities/issuer calls of securities held to maturity 1,837 1,690
Purchase of bank-owned life insurance (15,000) (25,000)
Net increase in loans (71,332) (63,868)
Proceeds from FDIC loss share agreements 36,639 25,116
Proceeds from sales of foreclosed real estate 42,892 46,618
Purchases of premises and equipment (5,288) (7,496)
Proceeds from loans held for sale 30,393   
Net cash received in acquisition 38,315 9,312
Net cash provided by investing activities 46,609 7,905
Cash Flows From Financing Activities    
Net increase (decrease) in deposits (137,809) 52,979
Repayments of borrowings    (22,500)
Cash dividends paid - common stock (4,722) (4,065)
Cash dividends paid - preferred stock (993) (2,349)
Proceeds from issuance of common stock    335
Repurchase of common stock    (2)
Net cash provided (used) by financing activities (143,524) 24,398
Increase (decrease) in cash and cash equivalents (56,388) 67,036
Cash and cash equivalents, beginning of period 241,507 216,167
Cash and cash equivalents, end of period 185,119 283,203
Cash paid during the period for    
Interest 9,050 14,011
Income taxes 107 12,025
Non-cash transactions:    
Unrealized gain (loss) on securities available for sale, net of taxes (3,238) 548
Foreclosed loans transferred to other real estate $ 15,659 $ 36,523