Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

 v2.3.0.11
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities:    
Net income $ 13,014 $ 10,425
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation and amortization of bank premises and equipment 3,312 3,168
Amortization, net 3,182 2,837
Provision for loan losses 10,800 8,956
Decrease (increase) in loans held for sale, net 23,554 (20,442)
Losses (gains) on the sale of investment securities 16 (24)
Losses (gains) on sales of other real estate owned and premises, net 1,090 (44)
Stock-based compensation expense 235 252
Decrease in other assets 3,852 318
(Decrease) increase in other liabilities (1,249) 3,606
Net cash and cash equivalents provided by operating activities 57,806 9,052
Investing activities:    
Purchases of securities available for sale (72,737) (91,429)
Proceeds from sales of securities available for sale 2,174 103,836
Proceeds from maturities, calls and paydowns of securities available for sale 58,730 53,048
Net decrease in loans 30,469 21,003
Sales of bank premises and equipment and OREO, net 4,564 3,140
Cash paid in branch acquisition (26,437)  
Cash received in acquisitions 230 137,460
Net cash and cash equivalents (used in) provided by investing activities (3,007) 227,058
Financing activities:    
Net increase in noninterest-bearing deposits 31,278 48,962
Net decrease in interest-bearing deposits (67,153) (78,175)
Net decrease in short-term borrowings (12,743) (112,922)
Net (increase) decrease in long-term borrowings 244 (707)
Cash dividends paid-common stock (3,637) (3,110)
Cash dividends paid-preferred stock (924) (535)
Tax benefit from the exercise of equity-based awards 1  
Proceeds from the issuance of common stock 215 200
Net cash and cash equivalents used in financing activities (52,719) (146,287)
Increase in cash and cash equivalents 2,081 89,823
Cash and cash equivalents at beginning of the period 61,153 45,911
Cash and cash equivalents at end of the period 63,234 135,734
Supplemental Disclosure of Cash Flow Information    
Interest 16,928 18,294
Income taxes 2,464 3,143
Supplemental Schedule of Noncash Activities    
Unrealized gains on securities available for sale 10,052 6,395
Unrealized loss on cash flow hedge (999) (1,444)
Transfer of loans to other real estate owned, net 8,546 9,627
Transactions related to acquisitions    
Loans 70,817 981,541
Securities   218,676
Other assets 4,324 78,542
Noninterest bearing deposits 4,366 171,117
Interest bearing deposits 44,503 1,037,206
Borrowings   75,789
Other liabilities 65 1,832
Common Stock [Member]
    
Supplemental Schedule of Noncash Activities    
Stock issued for acquisition   96,083
Preferred Stock [Member]
    
Supplemental Schedule of Noncash Activities    
Stock issued for acquisition   $ 34,192