Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (Loss) Income $ (1,767) $ 5,432
Adjustments to Reconcile Net (Loss) Income to Cash Provided by Operating Activities:    
Provision for Loan Losses 13,400 11,396
Depreciation 5,087 5,127
Amortization of Premiums, Discounts, and Fees (net) 2,441 2,789
Amortization of Intangible Assets 323 568
Net Decrease (Increase) in Loans Held-for-Sale 4,698 (3,889)
Stock-Based Compensation 131 430
Deferred Income Taxes (920) (586)
Loss on Sales and Write-Downs of Other Real Estate Owned 5,504 4,368
Net Decrease in Other Assets 5,516 8,520
Net Increase in Other Liabilities 13,441 10,322
Net Cash Provided By Operating Activities 47,854 44,477
Securities Available-for-Sale:    
Purchases (105,774) (60,672)
Sales 805   
Payments, Maturities, and Calls 120,614 62,257
Net Decrease in Loans 62,582 56,467
Proceeds From Sales of Other Real Estate Owned 17,963 23,660
Purchases of Premises and Equipment (3,099) (1,242)
Net Cash Provided By Investing Activities 93,091 80,470
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Decrease in Deposits (151,925) (60,178)
Net Decrease in Short-Term Borrowings (8,168) (45,419)
Increase in Other Long-Term Borrowings 3,070 789
Repayment of Other Long-Term Borrowings (2,366) (5,501)
Dividends Paid    (5,142)
Issuance of Common Stock 524 725
Net Cash Used In Financing Activities (158,865) (114,726)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (17,920) 10,221
Cash and Cash Equivalents at Beginning of Period 385,314 236,193
Cash and Cash Equivalents at End of Period 367,394 246,414
Supplemental Disclosure:    
Loans Transferred to Other Real Estate Owned 14,039 31,287
Transfer of Current Portion of Long-Term Borrowings $ 7,184