Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (Loss) $ 4,897 $ (413) $ (3,471)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by Operating Activities:      
Provision for Loan Losses 18,996 23,824 40,017
Depreciation 6,770 7,050 6,680
Net Securities Amortization 3,808 3,384 2,364
Amortization of Intangible Assets 675 2,682 4,042
Gain on Securities Transactions   (8) (10)
Loss on Impaired Security   100 300
Origination of Loans Held-for-Sale (128,283) (143,479) (158,193)
Proceeds From Sales of Loans Held-for-Sale 123,528 148,288 156,865
Net Gain From Sales of Loans Held-for-Sale (2,675) (2,948) (2,699)
Net (Increase) Decrease in Deferred Income Taxes (2,919) 1,898 2,911
Net Decrease in Other Assets 28,611 16,457 5,929
Net Increase in Other Liabilities 12,846 19,059 (4,176)
Net Cash Provided By Operating Activities 66,254 75,894 50,559
Securities Available-for-Sale:      
Purchases (81,984) (224,245) (66,794)
Sales   505 2,806
Payments, Maturities, and Calls 81,405 86,935 75,295
Net Decrease (Increase) in Loans 76,582 73,775 (31,135)
Purchase of Premises & Equipment (2,404) (6,975) (15,688)
Proceeds From Sales of Premises & Equipment   7 2
Net Cash Provided By Investing Activities 73,599 (69,998) (35,514)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net Increase (Decrease) in Deposits 68,543 (154,258) 266,061
Net (Decrease) Increase in Short-Term Borrowings (49,557) 57,088 (26,486)
Increase in Other Long-Term Borrowings 789 2,478 2,029
Repayment of Other Long-Term Borrowings (6,284) (1,758) (3,837)
Dividends Paid (5,142) (8,368) (12,959)
Repurchase of Common Stock       (1,561)
Issuance of Common Stock 919 822 1,052
Net Cash Used by Financing Activities 9,268 (103,996) 224,299
NET CHANGE IN CASH AND CASH EQUIVALENTS 149,121 (98,100) 239,344
Cash and Cash Equivalents at Beginning of Year 236,193 334,293 94,949
Cash and Cash Equivalents at End of Year 385,314 236,193 334,293
Supplemental Disclosure:      
Interest Paid on Deposits 4,477 9,659 10,586
Interest Paid on Debt 3,698 4,323 6,273
Taxes Paid 8,646 605 7,218
Loans Transferred to Other Real Estate Owned 37,438 49,247 43,997
Issuance of Common Stock as Non-Cash Compensation     155,000
Transfer of Current Portion of Long-Term Borrowings   $ 10,000 $ 637