XML 66 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities:      
Net income $ 17,435,000 $ 16,187,000 $ (68,295,000)
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses (7,209,000) 3,107,000 132,101,000
Adjustments to other real estate 2,222,000 5,089,000  
Deferred tax expense 10,220,000 8,939,000 (20,463,000)
Asset depreciation 2,450,000 2,460,000 2,581,000
Securities premium amortization, net of discount accretion 3,454,000 3,308,000 2,197,000
Amortization of intangibles 1,315,000 1,609,000 1,374,000
Stock based compensation expense 742,000 115,000 333,000
Net gain on sales/calls of investment securities   (837,000)  
Net gain on sales of available for sale loans (2,649,000) (3,133,000) (1,658,000)
Net gains on sales of premises/equipment 195,000 (2,000) (20,000)
Net gain on sales of other real estate (3,897,000) (301,000) 23,357,000
Proceeds from sales of held for sale loans 121,020,000 150,621,000 83,123,000
Held for sale loans originated for resale (129,699,000) (148,479,000) (81,903,000)
Net changes in assets and liabilities:      
Accrued interest receivable 1,030,000 811,000 1,414,000
Other assets 5,969,000 1,847,000 3,777,000
Income taxes receivable / payable 24,618,000 4,074,000 (31,762,000)
Excess Tax Benefit from Share-based Compensation, Operating Activities 15,000 (67,000) (218,000)
Accrued interest payable (284,000) (2,573,000) 2,112,000
Other liabilities (1,678,000) 2,225,000 (1,790,000)
Net cash provided by operating activities 45,239,000 45,134,000 46,696,000
Investing activities:      
Proceeds from sales of available for sale securities 2,744,000 6,588,000  
Held to maturity securities 5,000,000 2,375,000 2,470,000
Available for sale securities 108,498,000 88,109,000 68,709,000
Proceeds from sales of other investments   1,865,000  
Redemptions (purchases) of other investments 391,000 179,000 (50,000)
Purchases of held to maturity securities (5,250,000)   (5,894,000)
Purchases of available for sale securities (140,473,000) (202,273,000) (75,650,000)
Principal repayments, net of loans originated 113,588,000 382,669,000 288,795,000
Proceeds from sales of loans, net     153,713,000
Purchases of premises and equipment (1,855,000) (1,619,000) (1,686,000)
Proceeds from sales of premises and equipment 68,000 170,000 239,000
Proceeds from sales of other real estate 16,645,000 7,261,000 56,425,000
Net cash provided by investing activities 99,356,000 285,324,000 487,071,000
Financing activities:      
Net decrease in deposits (125,492,000) (211,804,000) (331,346,000)
Net increase in other borrowings 10,270,000 13,883,000 (38,123,000)
Net proceeds from issuance of common stock 229,000 127,000 64,000
Repurchase of common stock warrant (2,287,000)    
Redemptions of preferred stock   (70,000,000)  
Redemption of trust preferred securities (35,570,000)    
Excess tax expense from share-based payment arrangements 15,000 (67,000) (218,000)
Preferred stock dividends paid   (4,407,000) (1,751,000)
Net cash used in financing activities (152,835,000) (272,268,000) (371,374,000)
Net increase in cash and cash equivalents (8,240,000) 58,190,000 162,393,000
Cash and cash equivalents:      
Beginning of period 288,079,000 229,889,000 67,496,000
End of period $ 279,839,000 $ 288,079,000 $ 229,889,000