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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities:  
Net income$ 17,262$ 16,902
Adjustments to reconcile net income to net cash provided by operating activities:  
Provision for loan losses9,5007,774
Depreciation, amortization and accretion, net2,9432,383
Deferred income tax benefit(1,181)(1,975)
Gain on sale of securities available for sale (159)
Gain on sales of mortgage loans held for sale(1,397)(1,431)
Origination of mortgage loans held for sale(76,270)(109,844)
Proceeds from sale of mortgage loans held for sale79,042114,606
Bank owned life insurance income(761)(742)
Decrease (increase) in value of private investment fund703(347)
Loss on the disposal of equipment3822
Loss on the sale of other real estate3724
Stock compensation expense869704
Excess tax benefits from share-based compensation arrangements(87)(89)
Decrease (increase) in accrued interest receivable and other assets3,337(7,135)
Decrease in accrued interest payable and other liabilities(8,666)(1,609)
Net cash provided by operating activities25,71319,064
Investing activities:  
Purchases of securities available for sale(249,429)(190,473)
Proceeds from sale of securities available for sale 27,064
Proceeds from maturities of securities available for sale211,106137,623
Proceeds from maturities of securities held to maturity2011
Net increase in loans(46,435)(61,750)
Purchases of premises and equipment(6,280)(4,640)
Proceeds from disposal of premises and equipment73
Proceeds from sale of foreclosed assets5,9531,111
Net cash used in investing activities(85,058)(91,051)
Financing activities:  
Net increase in deposits83,09244,595
Net (decrease) increase in securities sold under agreements to repurchase and federal funds purchased(2,281)13,343
Net decrease in other short-term borrowings(733)(577)
Proceeds from Federal Home Loan Bank advances 20,000
Repayments of Federal Home Loan Bank advances(8)(8)
Repayments of subordinated debentures (30)
Issuance of common stock for options and dividend reinvestment plan474518
Excess tax benefits from share-based compensation arrangements8789
Common stock repurchases(167)(81)
Cash dividends paid(7,441)(6,964)
Net cash provided by financing activities73,02370,885
Net increase (decrease) in cash and cash equivalents13,678(1,102)
Cash and cash equivalents at beginning of period41,65532,424
Cash and cash equivalents at end of period55,33331,322
Supplemental cash flow information:  
Income tax payments2,5996,355
Cash paid for interest11,90314,878
Supplemental non-cash activity:  
Transfers from loans to other real estate owned$ 9,828$ 4,579