XML 45 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 7,693 $ 7,443
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization (accretion) of premiums and discounts on investments 652 827
Provision for loan losses 3,021 2,956
Securities (gains) losses (4) 4
Restricted stock compensation 183 121
(Gain) loss on sale of other real estate 51 5
Depreciation and amortization 1,352 1,193
Other, net 3,014 10,183
NET CASH FROM OPERATING ACTIVITIES 15,962 22,732
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available-for-sale 4,369 4,553
Calls, maturities and principal reductions on securities available-for-sale 44,334 26,665
Purchases of securities available-for-sale (131,176) (30,510)
Loans made to customers, net of repayment 30,338 37,836
Proceeds from sales of other real estate owned 362 525
Redemption of retricted stock 0 1,172
Net change in federal funds sold (33,584) (96,403)
Additions to premises and equipment (692) (1,354)
NET CASH FROM INVESTING ACTIVITIES (86,049) (57,516)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits 73,395 4,737
Net change in short-term borrowings (599) (35,053)
Maturities of other borrowings (5,000) 0
Purchase of treasury stock (162) 0
Dividends paid (6,378) (6,203)
NET CASH FROM FINANCING ACTIVITIES 61,256 (36,519)
NET CHANGE IN CASH AND CASH EQUIVALENTS (8,831) (71,303)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 87,230 134,280
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 78,399 $ 62,977