XML 15 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities    
Net income $ 6,001 $ 5,751
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 922 1,612
Depreciation and amortization of property, plant, and equipment 937 1,010
Accretion of discounts and premiums on investments 467 599
Amortization of intangible assets 233 259
Gain on sale of loans (239) (255)
Equity-based compensation expense 31 9
Contribution of treasury stock to 401(k) plan   351
Loss on sale of property, plant, and equipment 187 25
Gain on sale of securities (51) (1,836)
Net impairment losses recognized in earnings   527
Losses on payments of FHLB debt prepayment fees   471
Proceeds from sale of mortgage loans 19,163 11,517
Origination of mortgage loans (16,626) (9,182)
Decrease in accrued interest receivable 307 387
Decrease in other operating activities 8,318 1,835
Net cash provided by operating activities 19,650 13,080
Investing activities    
Proceeds from sale of securities available-for-sale 10,051 80,384
Proceeds from maturities, prepayments, and calls of securities available-for-sale 21,232 11,937
Proceeds from maturities, prepayments, and calls of securities held-to-maturity 620 115
Payments to acquire securities available-for-sale (27,059) (36,830)
Payments for loans 10,112 8,118
Payments for FHLB stock (720)  
Payments to acquire property, plant, and equipment (833) (1,113)
Proceeds from sale of property, plant, and equipment 2 175
Net cash provided by investing activities 13,405 62,786
Financing activities    
Net increase in noninterest-bearing deposits 13,084 16,921
Net increase (decrease) in interest-bearing deposits 23,199 (859)
Payments for securities sold under agreements to repurchase (4,942) (1,422)
Repayments of long-term debt (8) (25,007)
Proceeds from stock options exercised   32
Payments of FHLB debt prepayment fees   (471)
Excess tax benefit from share-based compensation   5
Payments of common dividends (1,786) (1,787)
Payments of preferred dividends (284)  
Net cash provided by (used in) financing activities 29,263 (12,588)
Increase in cash and cash equivalents 62,318 63,278
Cash and cash equivalents at beginning of period 47,294 112,189
Cash and cash equivalents at end of period 109,612 175,467
Supplemental information - noncash items    
Transfer of other real estate $ 1,027 $ 1,763