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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 $ 15,104 $ 11,316 $ 8,512
Adjustments to reconcile net income to net cash provided by operations:      
Provision for loan losses 4,937 5,158 4,465
Depreciation and amortization of premises and equipment 2,075 2,034 1,997
Securities amortization and accretion and deferred loan fees and costs 2,786 1,466 1,240
Deferred taxes 441 2,251 (1,746)
Net impairment losses realized in earnings and gains on sales of available-for-sale securities (216) 581 2,048
Net realized and unrealized gains on securities for which fair value was elected (64) (162) (293)
Proceeds from sale of securities for which fair value was elected 343 34 0
Purchase of securities for which fair value was elected (1,266) 0 0
Gain on sale of loans (638) (688) (931)
Net gains on dispositions of premises and equipment and foreclosed assets (104) (117) (24)
Proceeds from sale of loans 23,324 22,585 50,507
Origination of loans held for sale (19,927) (28,706) (49,717)
Increase in bank owned life insurance (930) (802) (720)
Stock-based compensation expense 213 205 122
Contribution of treasury stock 120 26 0
Changes in:      
Accrued interest receivable and other assets (1,342) (3,661) (3,385)
Accrued interest payable and other liabilities 5,529 (374) 2,859
NET CASH PROVIDED BY OPERATING ACTIVITIES 30,385 11,146 14,934
CASH FLOWS FROM INVESTING ACTIVITIES:      
Net decrease in interest bearing time deposits with other banks 2,593 3,571 127
Proceeds from maturities, prepayments and calls of securities 101,178 111,827 89,371
Proceeds from sales of securities 69,740 95,381 107,561
Purchase of securities (288,757) (360,837) (305,099)
Loan origination and payments, net (58,552) (80,435) (45,544)
Purchase of bank owned life insurance (5,000) (2,500) 0
Redemption (purchase) of FHLB and other equity interests (122) 492 (1,092)
Purchase of premises and equipment (1,705) (1,992) (1,479)
Proceeds from the sale of premises and equipment and foreclosed assets 257 823 696
NET CASH USED IN INVESTING ACTIVITIES (180,368) (233,670) (155,459)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Checking, money market and savings accounts 292,369 159,805 162,670
Certificates of deposit (101,386) 46,205 (20,408)
Proceeds from sale of treasury stock 1,188 1,200 1,144
Proceeds from exercise of stock options, including tax benefit 259 69 761
Proceeds from stock offering, net of issuance costs 0 32,128 0
Cash dividends paid (8,125) (6,933) (5,726)
Proceeds from long-term borrowings 700 20,000 625
Repayments on long-term borrowings (133) (46,114) (4,600)
Net change in short-term borrowings (32,618) 31,238 (2,839)
NET CASH PROVIDED BY FINANCING ACTIVITIES 152,254 237,598 131,627
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS 2,271 15,074 (8,898)
CASH AND CASH EQUIVALENTS, Beginning 37,432 22,358 31,256
CASH AND CASH EQUIVALENTS, Ending 39,703 37,432 22,358
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Interest 17,937 19,296 18,552
Income taxes 3,991 3,342 2,484
SUPPLEMENTAL NONCASH DISCLOSURES:      
Transfers to other real estate owned 249 453 253
Loans transferred from held for sale to held for investment 0 3,321 1,736
Grant of restricted stock awards from treasury stock $ 266 $ 233 $ 198