XML 75 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities      
Net income $ 28,577 $ 20,028 $ 21,847
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 5,678 9,047 14,757
Depreciation and amortization of property, plant, and equipment 4,034 3,982 4,091
Accretion of discounts and amortization of premiums on investments 2,329 1,611 1,112
Accretion of FDIC receivable for loss share agreements 458    
Amortization of intangible assets 804 1,020 1,032
Goodwill impairment loss   1,239 1,039
Gain on sale of loans (1,065) (713) (835)
Equity-based compensation expense 132 98 58
Gain (loss) on sale of property, plant, and equipment 82 (157) 66
Loss on sale of other real estate 1,869 2,367 1,928
Gain on sale of securities (483) (5,264) (8,273)
Net impairment losses recognized in earnings 942 2,285 185
Losses on payments of FHLB debt prepayment fees   471  
Deferred income tax (benefit) expense (896) 2,362 13,008
Excess tax benefit from share-based compensation (6) (5) (9)
Proceeds from sale of mortgage loans 67,502 45,466 57,479
Origination of mortgage loans (67,289) (45,879) (49,762)
Decrease in accrued interest receivable 2,356 1,482 935
Decrease (increase) in other operating activities 14,589 14,568 (581)
Net cash provided by (used in) operating activities 59,613 54,008 58,077
Investing activities      
Proceeds from sale of securities available-for-sale 155,600 192,847 170,540
Proceeds from maturities, prepayments, and calls of securities available-for-sale 105,830 49,193 90,633
Proceeds from maturities, prepayments, and calls of securities held-to-maturity 2,690 1,299 2,825
Payments to acquire securities available-for-sale (245,344) (234,818) (248,101)
Collections (originations) of loans, net 75,091 (28,696) (12,112)
Proceeds from the redemption of FHLB stock, net of purchases 2,101 1,417 1,459
Net cash acquired in acquisitions 152,283 835 (882)
Payments to acquire property, plant, and equipment (8,008) (3,065) (3,743)
Proceeds from sale of property, plant, and equipment 1,151 598 163
Proceeds from sale of other real estate 8,106 6,200 5,025
Net cash (used in) provided by investing activities 249,500 (14,190) 5,807
Financing activities      
Net increase (decrease) in noninterest-bearing deposits 12,657 35,117 (3,093)
Net decrease in interest-bearing deposits (175,132) (112,605) (21,912)
Repayments of securities sold under agreements to repurchase (13,172) (11,686) (12,740)
Repayments of long-term debt (25,769) (25,260) (8,208)
Proceeds from issuance of preferred stock   18,802  
Proceeds from stock options exercised 144 32 29
Payments for repurchase of treasury stock (1,012) (904)  
Payments for repurchase of warrants   (30)  
Payments of FHLB debt prepayment fees   (471)  
Excess tax benefit from share-based compensation 6 5 9
Payments of common dividends (8,162) (7,155) (7,121)
Payments of preferred dividends (1,120) (558)  
Net cash (used in) provided by financing activities (211,560) (104,713) (53,036)
Net increase (decrease) in cash and cash equivalents 97,553 (64,895) 10,848
Cash and cash equivalents at beginning of year 47,294 112,189 101,341
Cash and cash equivalents at end of year 144,847 47,294 112,189
Supplemental information - noncash items      
Transfer of other real estate 9,083 9,722 6,793
Loans originated to finance other real estate $ 1,405 $ 151