XML 48 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 13,246 $ 11,235
Adjustments to reconcile net income to net cash provided by operations:    
Provision for loan losses 4,038 2,673
Depreciation and amortization of premises and equipment 1,582 1,539
Securities amortization and accretion and deferred loan fees and costs 3,353 1,898
Net impairment losses realized in earnings and gains on sales of available-for-sale securities (1,400) 240
Net realized and unrealized (gains) losses on securities for which fair value was elected (455) 216
Proceeds from sale of securities for which fair value was elected 2,625 170
Purchase of securities for which fair value was elected (2,699) (899)
Gain on sale of loans (640) (424)
Net gains on dispositions of premises and equipment and foreclosed assets (120) (102)
Proceeds from sale of loans 21,674 14,735
Origination of loans held for sale (23,524) (11,109)
Income on bank owned life insurance (752) (674)
Stock-based compensation expense 205 164
Contribution of treasury stock 90 90
Changes in:    
Accrued interest receivable and other assets (1,998) (2,347)
Accrued interest payable and other liabilities 710 4,966
NET CASH PROVIDED BY OPERATING ACTIVITIES 15,935 22,371
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net (increase) decrease in interest bearing time deposits with other banks (1) 2,593
Proceeds from maturities, prepayments and calls of securities 82,288 75,791
Proceeds from sales of securities 92,707 43,763
Purchase of securities (252,561) (190,487)
Loan origination and payments, net (62,860) (42,318)
Purchase of bank owned life insurance (1,000) (5,000)
Acquisition of consumer discount company (1,248) 0
Purchase of FHLB and other equity interests (218) (179)
Purchase of premises and equipment (1,711) (1,483)
Proceeds from the sale of premises and equipment and foreclosed assets 867 245
NET CASH USED IN INVESTING ACTIVITIES (143,737) (117,075)
Net change in:    
Checking, money market and savings accounts 174,031 215,087
Certificates of deposit (47,612) (80,393)
Proceeds from sale of treasury stock 528 922
Proceeds from exercise of stock options 374 0
Cash dividends paid (6,156) (6,085)
Proceeds from long-term borrowings 0 350
Repayment of long-term borrowings (120) (95)
Net change in short-term borrowings 0 (31,338)
NET CASH PROVIDED BY FINANCING ACTIVITIES 121,045 98,448
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (6,757) 3,744
CASH AND CASH EQUIVALENTS, Beginning 39,703 37,432
CASH AND CASH EQUIVALENTS, Ending 32,946 41,176
Cash paid during the period for:    
Interest 11,807 13,626
Income taxes 5,418 3,317
SUPPLEMENTAL NONCASH DISCLOSURES:    
Transfers to other real estate owned 680 93
Grant of restricted stock awards from treasury stock $ 419 $ 266