v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows from Operating Activities    
Net income $ 13,135 $ 11,580
Adjustments to reconcile net income to net cash From operating activities (1,246) 19,113
Net cash from operating activities 11,889 30,693
Cash Flows from Investing Activities    
Net change in interest-bearing balances 0 (150)
Proceeds from paydowns and maturities of held-to-maturity securities 2,780 4,399
Proceeds from paydowns and maturities of available-for-sale securities 151,460 172,311
Purchases of held-to-maturity securities (12,172) (10,048)
Purchases of available-for-sale securities (138,121) (231,932)
Purchases of company owned life insurance 0 (6,500)
Net change in loans (39,438) (24,377)
Proceeds from the sale of other real estate 2,488 3,021
Proceeds from the sale of securities 6,944 13,367
Property and equipment expenditures (1,210) (722)
Net cash from investing activities (27,269) (80,631)
Cash Flows from Financing Activities    
Net change in deposits (27,575) (53,097)
Net change in short-term borrowings (7,158) 2,829
Proceeds from exercise of stock options 741 14
Cash dividends paid (4,624) (4,799)
Payments on note payable (18) (16)
Net cash from financing activities (38,634) (55,069)
Net change in cash and cash equivalents (54,014) (105,007)
Cash and cash equivalents at beginning of period 135,964 172,664
Cash and cash equivalents at end of period $ 81,950 $ 67,657