Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities:    
Net income $ 18,446 $ 16,343
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation of bank premises and equipment 3,046 3,412
Amortization, net 2,598 7,370
Provision for loan losses 3,050 6,500
Gains on the sale of investment securities (42) (5)
Decrease (increase) in loans held for sale, net 58,303 (25,243)
(Gains) losses on sales of other real estate owned, net (142) 206
Losses (gains) on bank premises, net 330 (343)
Stock-based compensation expenses 325 615
Decrease (increase) in other assets 2,151 (231)
Increase in other liabilities 2,813 6,590
Net cash and cash equivalents provided by operating activities 90,878 15,214
Investing activities:    
Purchases of securities available for sale (106,188) (95,191)
Proceeds from sales of securities available for sale 15,585 3,583
Proceeds from maturities, calls and paydowns of securities available for sale 78,050 83,656
Net increase in loans (42,027) (84,671)
Net increase in bank premises and equipment (1,812) (3,603)
Proceeds from sales of other real estate owned 3,391 7,077
Improvements to other real estate owned (194) (343)
Net cash and cash equivalents used in investing activities (53,195) (89,492)
Financing activities:    
Net increase in noninterest-bearing deposits 22,402 57,222
Net increase in NOW accounts 2,309 12,583
Net (decrease) increase in money market accounts (3,152) 846
Net increase in savings accounts 17,975 19,571
Net (decrease) increase in time deposits of $100,000 and over (40,367) (16,873)
Net decrease in other time deposits (30,971) (29,468)
Net (decrease) increase in short-term borrowings (2,852) 12,399
Net increase in long-term borrowings 1,104 [1] 244 [1]
Cash dividends paid - common stock (6,063) (3,632)
Repurchase of common stock (9,499) (2,863)
Issuance of common stock 96  
Taxes paid related to net share settlement of equity awards (20) (26)
Net cash and cash equivalents (used in) provided by financing activities (49,038) 50,003
(Decrease) increase in cash and cash equivalents (11,355) (24,275)
Cash and cash equivalents at beginning of the period 82,902 96,659
Cash and cash equivalents at end of the period 71,547 72,384
Cash payments for:    
Interest 11,166 15,699
Income taxes 4,600 7,500
Supplemental schedule of noncash investing and financing activities    
Unrealized (loss) gain on securities available for sale (18,237) 2,538
Change in fair value of interest rate swap (cash flow hedge) 1,135 (290)
Transfers from loans to other real estate owned 4,386 10,479
Transfers from bank premises to other real estate owned $ 988  
[1] See Note 5 "Borrowings" related to 2013 activity.