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Supplemental Cash Flow Disclosures

9 Months Ended

Sep. 30, 2011

Supplemental Cash Flow Disclosures [Abstract]

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 Nine Months Ended September 30,
		2011				2010
		(dollars in thousands)
Cash paid during the year for:
Interest		$	34,904			$	50,421
Income taxes			4,400				1,216
Noncash investing and financing activities:
ESOP loan reductions		$	1,500			$	1,500
Loans transferred to other real estate owned and repossessed assets			25,883				6,061
Receivable for sale of other real estate owned			7,260				0
Loans transferred from held to maturity to available for sale			823				0
Gross increase in market value adjustment to securities available for sale			9,792				10,853
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."

Correction of Prior Period Error in Cash Flow (Continued)

The errors for the nine-months ended September 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 nine-month period of 2010 is corrected in this Form 10-Q and the six-month period of 2010 was corrected in the Form 10-Q as of June 30, 2011, the corrections to the year ended December 31, 2010, will be reflected in future filing of our December 31, 2011 Form 10-K.

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.