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
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) $ 3,455 $ (2,732)
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Loan Losses 7,678 14,373
Depreciation 3,464 3,495
Net Securities Amortization 1,951 1,537
Amortization of Intangible Assets 460 1,420
Gain (Loss) on Securities Transactions 0 (5)
Loss on Impaired Security 0 61
Origination of Loans Held-for-Sale (51,887) (59,639)
Proceeds From Sales of Loans Held-for-Sale 54,181 56,119
Net Gain From Sales of Loans Held-for-Sale (1,186) (1,149)
Non-Cash Compensation 391 115
Decrease in Deferred Income Taxes 417 538
Net Decrease in Other Assets 28,048 7,495
Net Increase (Decrease) in Other Liabilities 7,353 10,186
Net Cash Provided By Operating Activities 54,325 31,814
Securities Available-for-Sale:    
Purchases 41,915 91,038
Sales 0 505
Payments, Maturities, and Calls 46,502 47,871
Net Decrease in Loans (35,001) (54,993)
Purchase of Premises & Equipment 685 4,858
Net Cash Provided By (Used) In Investing Activities 38,903 7,473
CASH FLOWS FROM FINANCING ACTIVITIES    
Decrease in Deposits (2,965) (57,923)
Net Decrease in Short-Term Borrowings (27,690) (14,465)
Increase in Other Long-Term Borrowings 789 8,015
Repayment of Other Long-Term Borrowings 1,695 1,790
Dividends Paid 3,425 4,949
Issuance of Common Stock 302 420
Net Cash Used by Financing Activities (34,684) (70,692)
NET CHANGE IN CASH AND CASH EQUIVALENTS 58,544 (31,405)
Cash and Cash Equivalents at Beginning of Period 236,193 334,293
Cash and Cash Equivalents at End of Period 294,737 302,888
Interest Paid on Deposits 2,641 5,804
Interest Paid on Debt 1,975 2,407
Taxes Paid 2,737 338
Loans Transferred to Other Real Estate Owned 22,926 23,904
Issuance of Common Stock as Non-Cash Compensation 413 420
Transfer of Current Portion of Long-Term Borrowings $ 0 $ 16