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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities:    
Net income $ 11,488 $ 10,537
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 5,400 5,079
Depreciation, amortization and accretion, net 1,917 1,653
Deferred income tax benefit (635) (1,184)
Gain on sales of mortgage loans held for sale (823) (830)
Origination of mortgage loans held for sale (42,953) (54,494)
Proceeds from sale of mortgage loans held for sale 51,724 61,810
Bank owned life insurance income (504) (491)
Decrease (increase) in value of private investment fund 102 (368)
Loss on the disposal of equipment 382 2
Loss (gain) on the sale of other real estate 32 (51)
Stock compensation expense 564 455
Excess tax benefits from share-based compensation arrangements (77) (48)
Decrease (increase) in accrued interest receivable and other assets 951 (7,804)
Increase (decrease) in accrued interest payable and other liabilities (8,864) 11,257
Net cash provided by operating activities 18,704 25,523
Investing activities:    
Purchases of securities available for sale (132,819) (91,798)
Proceeds from maturities of securities available for sale 121,840 110,259
Proceeds from maturities of securities held to maturity 20 10
Net increase in loans (41,503) (63,540)
Purchases of premises and equipment (4,750) (1,353)
Proceeds from disposal of premises and equipment 7 3
Proceeds from sale of foreclosed assets 5,293 887
Net cash used in investing activities (51,912) (45,532)
Financing activities:    
Net increase in deposits 38,903 55,647
Net increase in securities sold under agreements to repurchase and federal funds purchased 2,273 1,357
Net decrease in other short-term borrowings (755) (326)
Proceeds from Federal Home Loan Bank advances   10,000
Repayments of Federal Home Loan Bank advances (5) (5)
Repayments of subordinated debentures   (30)
Issuance of common stock for options and dividend reinvestment plan 381 442
Excess tax benefits from share-based compensation arrangements 77 48
Common stock repurchases (167) (79)
Cash dividends paid (4,956) (4,649)
Net cash provided by financing activities 35,751 62,405
Net increase in cash and cash equivalents 2,543 42,396
Cash and cash equivalents at beginning of period 41,655 32,424
Cash and cash equivalents at end of period 44,198 74,820
Supplemental cash flow information:    
Income tax payments 985 4,080
Cash paid for interest 8,053 10,036
Supplemental non-cash activity:    
Transfers from loans to other real estate owned $ 7,599 $ 1,364