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Supplemental Cash Flow Disclosures | 6 Months Ended
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Jun. 30, 2011
Supplemental Cash Flow Disclosures |
Supplemental Cash Flow Disclosures | Note 3 Supplemental Cash Flow Disclosures The following table presents information related to cash paid during the year for interest and income taxes as well as detail on noncash investing and financing activities:
|  | For the Six Months Ended June 30, |
|  | 2011 |  |  | 2010 |
|  | (dollars in thousands) |
Cash paid (received) during the year for: |  |  |  |  |  |  |  |
Interest |  | $ | 23,377 |  |  | $ | 34,071 |
Income taxes |  |  | 3,900 |  |  |  | (1,184 | )
Noncash investing and financing activities: |  |  |  |  |  |  |  |
ESOP loan reductions |  | $ | 1,000 |  |  | $ | 1,000 |
Loans transferred to other real estate owned and repossessed assets |  |  | 20,640 |  |  |  | 1,769 |
Loans transferred from held to maturity to available for sale |  |  | 823 |  |  |  | 0 |
Gross increase in market value adjustment to securities available for sale |  |  | 7,631 |  |  |  | 17,356 |
Transfer of securities from held to maturity to available for sale |  |  | 0 |  |  |  | 22,433 |
Correction of Prior Period Error in Cash Flow For certain reporting periods in 2010, we erroneously presented the proceeds from the sale of certain available-for-sale securities within the "Proceeds from maturities and redemptions" sub-line item of "Transactions with securities available-for-sale" included in the Investing Activities section of the Consolidated Statements of Cash Flows, instead of within the "Proceeds from Sales" sub-line item of "Transactions with securities available-for-sale." In addition, we erroneously presented the proceeds from the call of a held-to-maturity bond within the "Proceeds from maturities and redemptions" sub-line item of "Transactions with securities available-for-sale" included in the Investing Activities section of the Consolidated Statements of Cash Flows instead of within the "Proceeds from maturities and redemptions" sub-line item of "Transactions with securities held-to-maturity." The errors for the six-months ended June 30, 2010, have been corrected in the 2010 Consolidated Statements of Cash Flows presented on page 7 by removing the transactions from the "Proceeds from maturities and redemptions" sub-line item of "Transactions with securities available for sale" included in the Investing Activities section of the Consolidated Statements of Cash Flows, and including these transactions within the "Proceeds from Sales" sub-line item of "Transactions with securities available-for-sale." Additionally, the proceeds from the call of the held-to-maturity bond was reclassified from the "Proceeds from maturities and redemptions" sub-line item of "Transactions with securities available-for-sale" included in the Investing Activities section of the Consolidated Statements of Cash Flows to the "Proceeds from maturities and redemptions" sub-line item of "Transactions with securities held-to-maturity." We have not amended or restated any prior period filings as this error does not impact our reported net income, net cash flows, or shareholders' equity and was not considered material. While the six-month period of 2010 is corrected in this Form 10-Q, the corrections to the nine-month period ended September 30, 2010 and the year ended December 31, 2010, will be reflected in future filings of our September 30, 2011 Form 10-Q and our December 31, 2011 Form 10-K, respectively. The effects of the correction of this error on the sub-lines within the Investing Activities section of the Consolidated Statements of Cash Flows for each respective period, is reflected below.
|  | For the Six Months Ended June 30, 2010 |  |  | For the Nine Months Ended September 30, 2010 |  |  | For the Year Ended December 31, 2010 |
|  | (dollars in thousands) |
Consolidated Statement of Cashflows |  |  |  |  |  |  |  |  |  |  |  |
Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Transactions with securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from maturities and redemptions |  |  |  |  |  |  |  |  |  |  |  |
Original |  | $ | 13,063 |  |  | $ | 13,063 |  |  | $ | 14,376 |
Revised |  |  | 14,520 |  |  |  | 14,520 |  |  |  | 14,520 |
Transactions with securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales |  |  |  |  |  |  |  |  |  |  |  |
Original |  |  | 19,019 |  |  |  | 26,754 |  |  |  | 28,573 |
Revised |  |  | 70,043 |  |  |  | 141,585 |  |  |  | 143,503 |
Proceeds from maturities and redemptions |  |  |  |  |  |  |  |  |  |  |  |
Original |  |  | 277,198 |  |  |  | 460,561 |  |  |  | 547,761 |
Revised |  |  | 224,717 |  |  |  | 344,273 |  |  |  | 430,115 |
In accordance with current presentation in the Consolidated Statements of Cash Flows, we have reclassified $2.6 million related to the redemption of FHLB stock from proceeds from maturities and redemptions of available-for-sale securities to a separate line item. This reclassification decreases the proceeds from maturities and redemptions of available for sale securities for the year ended December 31, 2010.

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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 32 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4313-108586 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586 + Details
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