XML 42 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows From Operating Activities    
Net income $ 5,676 $ 3,100
Reconciliation of net income to net cash provided by operating activities:    
Provision for loan losses 3,575 11,149
Net security premium amortization 493 620
Purchase accounting accretion and amortization, net (6,362) (3,551)
Foreclosed property (gains) losses and write-downs, net 2,273 3,858
Other losses (gains) (19) 395
Decrease in net deferred loan costs 169 1
Depreciation of premises and equipment 1,157 1,121
Stock-based compensation expense 23 19
Amortization of intangible assets 194 199
Origination of presold mortgages in process of settlement (19,110) (26,675)
Proceeds from sales of presold mortgages in process of settlement 20,073 30,581
Decrease in accrued interest receivable 659 464
Decrease (increase) in other assets 5,469 (3,233)
Decrease in accrued interest payable (121) (208)
Increase (decrease) in other liabilities 43 (816)
Net cash provided by operating activities 14,192 17,024
Cash Flows From Investing Activities    
Purchases of securities available for sale (13,474) (13,084)
Proceeds from maturities/issuer calls of securities available for sale 6,194 9,359
Proceeds from maturities/issuer calls of securities held to maturity    350
Net decrease (increase) in loans 13,646 (13,713)
Proceeds from FDIC loss share agreements 9,384 6,899
Proceeds from sales of foreclosed real estate 7,739 25,669
Purchases of premises and equipment (783) (3,152)
Proceeds from loans held for sale    30,393
Net cash received in acquisition    38,315
Net cash provided by investing activities 22,706 81,036
Cash Flows From Financing Activities    
Net increase (decrease) in deposits 35,708 (21,118)
Net increase in borrowing 90,000   
Cash dividends paid - common stock (1,574) (1,573)
Cash dividends paid - preferred stock (217) (532)
Net cash provided (used) by financing activities 123,917 (23,223)
Increase in cash and cash equivalents 160,815 74,837
Cash and cash equivalents, beginning of period 223,274 241,507
Cash and cash equivalents, end of period 384,089 316,344
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for interest 2,262 3,322
Cash paid during the period for income taxes      
Non-cash transactions:    
Unrealized gain (loss) on securities available for sale, net of taxes 185 (188)
Foreclosed loans transferred to other real estate $ 4,508 $ 3,354