Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities:    
Net income $ 7,923 $ 6,194
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation of bank premises and equipment 1,694 1,649
Amortization, net 2,285 1,571
Provision for loan losses 3,500 6,300
Losses on the sale of investment securities 5 16
Increase in loans held for sale, net 1,248 23,390
Loss on sales of other real estate owned and bank premises, net 58 299
Stock-based compensation expense 238 90
Decrease in other assets 1,914 4,761
Increase (decrease) in other liabilities 5,672 (1,888)
Net cash and cash equivalents provided by operating activities 24,537 42,382
Investing activities:    
Purchases of securities available for sale (43,339) (40,971)
Proceeds from maturities, calls and paydowns of securities available for sale 40,602 32,841
Net (increase) decrease in loans (32,534) 19,587
Net increase in bank premises and equipment (2,122) (1,526)
Proceeds from sales of other real estate owned 1,485 3,580
Improvements to other real estate owned (319) (37)
Net cash and cash equivalents provided by (used in) investing activities (36,227) 13,474
Financing activities:    
Net increase in noninterest-bearing deposits 30,276 22,698
Net increase (decrease) in interest-bearing deposits 10,326 (26,141)
Net decrease in short-term borrowings (9,952) (26,742)
Net increase in long-term borrowings 122 122
Cash dividends paid - common stock (1,694) (1,814)
Cash dividends paid - preferred stock   (462)
Repurchase of common stock (2,864)  
Taxes paid related to net share settlement of equity awards   1
Issuance of common stock   135
Net cash and cash equivalents (used in) provided by financing activities 26,214 (32,203)
Increase in cash and cash equivalents 14,524 23,653
Cash and cash equivalents at beginning of the period 96,659 61,153
Cash and cash equivalents at end of the period 111,183 84,806
Supplemental Disclosure of Cash Flow Information    
Interest 8,394 8,795
Income taxes 2,914 2,464
Supplemental schedule of noncash investing and financing activities    
Unrealized gain on securities available for sale 1,022 4,718
Changes in fair value of interest rate swap 197 193
Transfers from loans to other real estate owned $ 6,593 $ 6,431