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 $)
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities:    
Net income $ 26,392,000 $ 25,969,000
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation of bank premises and equipment 4,542,000 5,049,000
Writedown of OREO 491,000 0
Amortization, net 10,675,000 11,406,000
Provision for loan losses 4,850,000 8,900,000
Gains on the sale of investment securities (47,000) (4,000)
Decrease (increase) in loans held for sale, net 109,519,000 (67,142,000)
(Gains) losses on sales of other real estate owned, net 224,000 442,000
Losses (gains) on bank premises, net 337,000 (34,000)
Stock-based compensation expenses 622,000 938,000
Decrease (increase) in other assets (26,255,000) (4,382,000)
Increase in other liabilities 7,266,000 2,630,000
Net cash and cash equivalents provided by (used in) operating activities 138,616,000 (16,228,000)
Investing activities:    
Purchases of securities available for sale (177,948,000) (131,262,000)
Proceeds from sales of securities available for sale 42,843,000 2,186,000
Proceeds from maturities, calls and paydowns of securities available for sale 106,327,000 125,988,000
Net increase in loans (48,515,000) (109,812,000)
Net increase in bank premises and equipment (2,981,000) (1,731,000)
Proceeds from sales of other real estate owned 5,085,000 9,148,000
Improvements to other real estate owned (460,000) (358,000)
Net cash and cash equivalents used in investing activities (75,649,000) (105,841,000)
Financing activities:    
Net increase in noninterest-bearing deposits 51,298,000 69,739,000
Net increase in NOW accounts 9,406,000 6,383,000
Net (decrease) increase in money market accounts (32,220,000) (6,268,000)
Net increase in savings accounts 24,101,000 25,160,000
Net (decrease) increase in time deposits of $100,000 and over (70,154,000) (16,758,000)
Net decrease in other time deposits (55,273,000) (53,582,000)
Net (decrease) increase in short-term borrowings 18,932,000 91,121,000
Net increase (decrease) in long-term borrowings 1,668,000 (19,121,000)
Cash dividends paid - common stock (9,296,000) (6,058,000)
Repurchase of common stock (9,499,000) (2,862,000)
Issuance of common stock 269,000 16,000
Taxes paid related to net share settlement of equity awards (19,000) (26,000)
Net cash and cash equivalents (used in) provided by financing activities (70,787,000) 87,744,000
(Decrease) increase in cash and cash equivalents (7,820,000) (34,325,000)
Cash and cash equivalents at beginning of the period 82,902,000 96,659,000
Cash and cash equivalents at end of the period 75,082,000 62,334,000
Cash payments for:    
Interest 16,258,000 22,495,000
Income taxes 7,900,000 10,500,000
Supplemental schedule of noncash investing and financing activities    
Unrealized (loss) gain on securities available for sale (18,846,000) 5,887,000
Change in fair value of cash flow hedges 1,589,000 (492,000)
Transfers from loans to other real estate owned 7,227,000 10,756,000
Transfers from bank premises to other real estate owned $ 988,000 $ 653,000