XML 50 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net income $ 12,732 $ 12,576
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 3,072 4,347
Depreciation and amortization of property, plant, and equipment 2,193 2,474
Amortization (accretion) of premiums on investments, net 2,899 (258)
Amortization of FDIC indemnification asset, net 2,070 3,201
Amortization of intangible assets 353 362
Gain on sale of loans (351) (346)
Equity-based compensation expense 115 98
Gain on sale of property, plant, and equipment (79) (51)
Loss on sale of other real estate 1,539 971
Loss (gain) on sale of securities 14 (230)
Net impairment losses recognized in earnings 518  
Gain on prepayment of debt   (296)
Proceeds from sale of mortgage loans 16,585 43,905
Origination of mortgage loans (15,810) (41,508)
Decrease (increase) in accrued interest receivable 1,315 (168)
Increase in other operating activities (1,033) (10,596)
Net cash provided by operating activities 26,132 14,481
Investing activities    
Proceeds from sale of securities available for sale 101,799 104,279
Proceeds from maturities, prepayments, and calls of securities available for sale 30,696 45,033
Proceeds from maturities and calls of securities held to maturity 190 190
Payments to acquire securities available for sale (2,102) (180,928)
Payments to acquire securities held to maturity (19,035)  
(Originations) collections of loans, net (58,551) 21,826
Proceeds from the redemption of FHLB stock, net 1,649 1,184
Net cash paid in acquisitions (202) (201)
Proceeds from the FDIC 2,218 5,148
Payments to acquire property, plant, and equipment (866) (1,753)
Proceeds from sale of property, plant, and equipment 1,318 113
Proceeds from sale of other real estate 5,764 3,195
Net cash provided by (used in) investing activities 62,878 (1,914)
Financing activities    
Net increase in noninterest-bearing deposits 18,191 6,620
Net decrease in interest-bearing deposits (45,829) (48,099)
Net decrease in federal funds purchased (16,000)  
Proceeds from (repayments of) securities sold under agreements to repurchase 1,851 (14,914)
Repayments of long-term debt (1) (11,558)
Proceeds from stock options exercised 9 7
Excess tax benefit from equity-based compensation 1  
Payments for repurchase of treasury stock (2,148) (2,024)
Payments of common dividends (4,415) (4,805)
Payments of preferred dividends (455) (522)
Net cash used in financing activities (48,796) (75,295)
Net increase (decrease) in cash and cash equivalents 40,214 (62,728)
Cash and cash equivalents at beginning of period 56,567 144,847
Cash and cash equivalents at end of period 96,781 82,119
Supplemental transactions - noncash items    
Transfer of loans to other real estate 7,189 9,324
Loans originated to finance other real estate $ 238 $ 3,011