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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 28,008 $ 23,788 $ 6,374
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 7,546 8,366 9,036
Provision for loan and lease losses 29,365 32,508 39,377
Net amortization of premium on securities 14,939 7,380 2,492
Provision for deferred taxes 4,363 (2,736) (2,599)
Securities gains, net (13,104) (6,834) (8,648)
(Increase) decrease in trading account securities (89) 451 795
Loss on impairment of equity securities 0 0 40
Stock based compensation 1,278 926 953
Loans originated for sale (479,221) (639,381) (805,250)
Proceeds on sales of loans 460,963 654,063 808,949
Net gains on sales of loans (11,366) (8,088) (6,084)
(increase) decrease in accrued interest receivable 1,397 1,097 (933)
(Increase) decrease in prepaid expenses 2,969 2,459 (17,979)
Decrease in accrued interest payable (701) (1,056) (2,564)
Goodwill impairment charge 0 1,639 12,659
Valuation adjustment on mortgage servicing rights 19 0 0
Gain on acquisition 0 0 (1,296)
Other, net 5,039 5,856 4,559
NET CASH PROVIDED BY OPERATING ACTIVITIES 51,405 80,438 39,881
Net cash and cash equivalents received in acquisition, net of cash paid   0 7,193
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from the sale of securities available for sale 493,167 399,901 198,086
Proceeds from the sale of securities held to maturity 0 0 1,659
Proceeds from the maturity of and principal paydowns on securities available for sale 295,137 252,514 234,640
Proceeds from the maturity of and principal paydowns on securities held to maturity 1,461 1,913 2,592
Purchase of securities available for sale (788,543) (715,164) (670,493)
Purchase of securities held to maturity 0 (23,419) (12,895)
Net increase in loans and leases (207,027) (75,583) 8,156
Purchase of bank owned life insurance policies (3,140) (5,676) 0
Capital expenditures (6,719) (9,605) (6,596)
Proceeds on sale of OREO and other repossessed assets 22,771 16,001 17,871
NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES (192,893) (159,118) (219,787)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in demand deposits and savings accounts 275,890 124,584 475,702
Net decrease in time deposit accounts (99,825) (140,925) (115,192)
Net increase (decrease) in short-term borrowings 34,217 73,515 (53,663)
Proceeds from other borrowings 18,565 25,075 55,552
Repayments of other borrowings (8,272) (113,977) (41,956)
Issuance of Series C preferred stock 81,698 0 0
Redemption of preferred stock (81,698) 0 0
Redemption of warrant (1,800) 0 0
Purchase of treasury stock (389) (212) (236)
Proceeds from issuance of common stock 1,428 1,360 970
Income tax benefits on exercised stock options 108 28 18
Dividends paid (11,172) (10,606) (10,182)
NET CASH USED BY FINANCING ACTIVITIES 208,750 (41,158) 311,013
Net increase (decrease) in cash and cash equivalents 67,262 (119,838) 131,107
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 62,572 182,410 51,303
CASH AND CASH EQUIVALENTS AT END OF PERIOD 129,834 62,572 182,410
Supplemental disclosures:      
Cash paid for income/franchise taxes 7,133 13,676 7,269
Cash paid for interest 47,044 56,936 73,094
Loans transferred to OREO and other repossessed assets 41,933 28,947 43,231
Purchases of available for sale securites, accrued, not paid $ 55,349 $ 0 $ 0