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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 6,196 $ 5,820
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 874 849
Net amortization of premiums on securities 1,300 1,378
Provision for loan losses 1,385 810
Share-based compensation 142 231
Deferred income tax expense 344 876
Proceeds from sale of loans held for sale 14,350 10,017
Originations of loans held for sale (13,660) (8,321)
Increase in company owned life insurance (426) (266)
Net gain on sale of loans held for sale (333) (224)
Net gain on disposal of investment securities (331) (3)
Impairment charges on investment securities 91  
Net gain on sale and disposal of other assets (6) (45)
Decrease in other assets 3,690 1,917
Decrease in other liabilities (1,354) (566)
Net cash provided by operating activities 12,262 12,473
Cash flows from investing activities:    
Available for sale (99,333) (42,262)
Held to maturity (3,256) (1,920)
Proceeds from principal payments, maturities and calls on investment securities:    
Available for sale 44,992 33,990
Held to maturity 2,854 5,863
Proceeds from sales and calls of securities available for sale 360  
Net loan originations (37,205) (7,686)
Purchases of company owned life insurance (8) (7)
Proceeds from sales of other assets 332 110
Purchases of premises and equipment (661) (205)
Net cash used in investing activities (91,925) (12,117)
Cash flows from financing activities:    
Net increase in deposits 134,970 86,691
Net decrease in short-term borrowings (33,351) (35,050)
Repayments of long-term borrowings   (65)
Proceeds from issuance of common stock, net of issuance costs   43,127
Redemption of Series A preferred stock   (37,447)
Purchases of common stock for treasury (525) (197)
Proceeds from stock options exercised 26 91
Excess tax benefit on share-based compensation 130 64
Cash dividends paid to preferred shareholders (369) (1,010)
Cash dividends paid to common shareholders (1,776) (1,083)
Net cash provided by financing activities 99,105 55,121
Net increase in cash and cash equivalents 19,442 55,477
Cash and cash equivalents, beginning of period 57,583 39,058
Cash and cash equivalents, end of period $ 77,025 $ 94,535