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, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME (LOSS) $ 6,045 $ 108 $ 4,897
Adjustment to Reconcile Net Income (Loss) to Cash Provided by Operating Activities:      
Provision for Loan Losses 3,472 16,166 18,996
Depreciation 6,396 6,759 6,770
Amortization of Premiums, Discounts, and Fees (net) 4,756 3,358 3,726
Amortization of Intangible Assets 210 431 675
Gain on Securities Transactions (3)      
Loss on Impaired Security 600      
Net Decrease (Increase) in Loans Held-for-Sale 3,124 7,036 (9,654)
Stock-Based Compensation 1,296 262   
Deferred Income Taxes 1,805 (2,805) (2,919)
Loss on Sales and Write-Downs of Other Real Estate Owned 4,573 6,314 6,351
Net Decrease (Increase) in Other Assets 5,087 5,665 (4,163)
Net (Decrease) Increase in Other Liabilities (2,547) 13,393 12,844
Net Cash Provided By Operating Activities 34,814 56,687 37,523
Securities Held to Maturity:      
Purchases (95,946)      
Payments, Maturities, and Calls 9,768      
Securities Available-for-Sale:      
Purchases (149,111) (141,863) (81,984)
Sales 7,506 805   
Payments, Maturities, and Calls 118,142 146,862 81,405
Net Decrease in Loans 84,969 59,751 78,889
Proceeds From Sales of Other Real Estate Owned 25,270 25,636 26,424
Proceeds From Sales of Premises & Equipment    25   
Purchase of Premises & Equipment (2,689) (2,885) (2,405)
Net Cash (Used In) Provided By Investing Activities (2,091) 88,331 102,329
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net (Decrease) Increase in Deposits (8,748) (27,523) 68,543
Net Decrease in Short-Term Borrowings (542) (3,121) (49,556)
Proceeds from Other Long-Term Borrowings 1,303 12,591 789
Repayment of Other Long-Term Borrowings (5,691) (3,154) (6,284)
Dividends Paid       (5,142)
Issuance of Common Stock 1,151 607 919
Net Cash (Used In) Provided By Financing Activities (12,527) (20,600) 9,269
NET INCREASE IN CASH AND CASH EQUIVALENTS 20,196 124,418 149,121
Cash and Cash Equivalents at Beginning of Year 509,732 385,314 236,193
Cash and Cash Equivalents at End of Year 529,928 509,732 385,314
SUPPLEMENTAL DISCLOSURES:      
Interest Paid 6,012 6,662 8,176
Income Taxes Paid, Net of Refunds Received (3,202) (3,799) 1,601
Noncash Investing and Financing Activities:      
Transfer of Securities Available for Sale to Held to Maturity 62,488    
Loans Transferred to Other Real Estate Owned 24,488 22,777 37,438
Transfer of Current Portion of Long-Term Borrowings $ 4,428 $ 7,184