XML 48 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
OPERATING ACTIVITIES    
Net income $ 19,445,000 $ 19,651,000
Items not requiring (providing) cash:    
Depreciation and amortization 4,416,000 4,116,000
Provision for loan losses 3,034,000 2,846,000
Net accretion of investment securities and assets not covered by FDIC loss share (389,000) (112,000)
Stock-based compensation expense 1,039,000 1,065,000
Net accretion on assets covered by FDIC loss share (4,553,000) (1,912,000)
Gain on FDIC-assisted transactions   (1,120,000)
Deferred income taxes (2,274,000) 86,000
Loss on sale of investments 193,000  
Bank owned life insurance income (974,000) (1,078,000)
Changes in:    
Interest receivable (1,078,000) (127,000)
Mortgage loans held for sale 14,762,000 (1,004,000)
Assets held in trading accounts (2,520,000) 539,000
Other assets 1,594,000 (2,143,000)
Accrued expenses and other liabilities (1,680,000) 5,750,000
Income taxes payable (462,000) (2,575,000)
Net cash provided by operating activities 30,553,000 23,982,000
INVESTING ACTIVITIES    
Net originations of loans (97,444,000) (52,392,000)
Net collections of loans covered by FDIC loss share 68,674,000 51,922,000
Purchases of premises and equipment, net (3,516,000) (1,988,000)
Proceeds from sale of foreclosed assets held for sale 12,943,000 5,296,000
Proceeds from sale of foreclosed assets held for sale, covered by FDIC loss share 11,684,000 10,000,000
Proceeds from sale of available-for-sale securities 16,029,000 813,000
Proceeds from maturities of available-for-sale securities 53,144,000 236,921,000
Purchases of available-for-sale securities (60,848,000) (246,929,000)
Proceeds from maturities of held-to-maturity securities 113,289,000 512,920,000
Purchases of held-to-maturity securities (199,201,000) (497,955,000)
Purchase of bank owned life insurance (7,000,000) (25,000)
Net cash proceeds received in FDIC-assisted transactions   44,015,000
Cash received on FDIC loss share 11,621,000 12,553,000
Net cash (used in) provided by investing activities (80,625,000) 75,151,000
FINANCING ACTIVITIES    
Net change in deposits (35,365,000) (83,655,000)
Dividends paid (10,304,000) (10,172,000)
Net change in other borrowed funds (13,454,000) (1,318,000)
Net change in federal funds purchased and securities sold under agreements to repurchase (41,767,000) (71,393,000)
Net shares issued under stock compensation plans 498,000 324,000
Repurchase of common stock (10,848,000) (14,674,000)
Net cash used in financing activities (111,240,000) (180,888,000)
DECREASE IN CASH AND CASH EQUIVALENTS (161,312,000) (81,755,000)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 537,797,000 570,206,000
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 376,485,000 $ 488,451,000