XML 47 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities    
Net income $ 19,775 $ 17,988
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 633 6,680
Depreciation and amortization of property, plant, and equipment 3,286 3,730
Amortization of premiums on investments, net 4,509 408
Amortization of FDIC indemnification asset, net 3,166 4,290
Amortization of intangible assets 532 545
Gain on sale of loans (536) (1,040)
Equity-based compensation expense 175 213
Gain on sale of property, plant, and equipment (64) (51)
Loss on sale of other real estate 2,407 1,733
Gain on sale of securities (306) (191)
Net impairment losses recognized in earnings 737  
FHLB debt prepayment fees 3,047  
Gain on prepayment of debt   (296)
Proceeds from sale of mortgage loans 23,237 65,823
Origination of mortgage loans (22,968) (58,936)
Decrease (increase) in accrued interest receivable 1,175 (1,472)
Decrease (increase) in other operating activities 2,581 (10,835)
Net cash provided by operating activities 41,386 28,589
Investing activities    
Proceeds from sale of securities available for sale 139,544 104,240
Proceeds from maturities, prepayments, and calls of securities available for sale 40,703 67,650
Proceeds from maturities and calls of securities held to maturity 190 250
Payments to acquire securities available for sale (4,311) (201,138)
Payments to acquire securities held to maturity (30,704)  
(Originations) collections of loans, net (64,120) 10,892
Proceeds from the redemption of FHLB stock, net 3,224 1,184
Net cash paid in mergers, acquisitions, and divestitures (202) (201)
Proceeds from the FDIC 2,937 13,573
Payments to acquire property, plant, and equipment (2,346) (2,460)
Proceeds from sale of property, plant, and equipment 957 113
Proceeds from sale of other real estate 8,169 4,885
Net cash provided by (used in) investing activities 94,041 (1,012)
Financing activities    
Net increase in noninterest-bearing deposits 57,843 10,599
Net decrease in interest-bearing deposits (76,310) (44,209)
Net decrease in federal funds purchased (16,000)  
Repayments of securities sold under agreements to repurchase (3,869) (21,471)
Repayments of long-term debt (38,088) (11,596)
Proceeds from stock options exercised 9 7
Excess tax benefit from equity-based compensation 1  
Payments for repurchase of treasury stock (2,168) (5,207)
Payments of common dividends (6,807) (7,211)
Payments of preferred dividends (683) (761)
Net cash used in financing activities (86,072) (79,849)
Net increase (decrease) in cash and cash equivalents 49,355 (52,272)
Cash and cash equivalents at beginning of period 56,567 144,847
Cash and cash equivalents at end of period 105,922 92,575
Supplemental transactions - noncash items    
Transfer of loans to other real estate 9,631 13,631
Loans originated to finance other real estate $ 671 $ 3,184