Quarterly report pursuant to Section 13 or 15(d)

Statement of Cash Flows

v2.4.0.6
Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (Loss) Income $ (1,162) $ 1,310
Adjustment to Reconcile Net Income (Loss) to Cash Provided by Operating Activities:    
Provision for Loan Losses 4,793 4,133
Depreciation 1,669 1,753
Amortization of Premiums, Discounts, and Fees (net) 827 1,023
Amortization of Intangible Assets 108 353
Net Decrease in Loans Held-for-Sale 7,664 4,081
Stock-Based Compensation 56 215
Deferred Income Taxes 277 918
Loss on Sales and Write-Downs of Other Real Estate Owned 2,097 2,672
Net (Loss) Income (11,993) 745
Net Increase in Other Liabilities 9,890 3,440
Net Cash Provided by Operating Activities 14,226 20,643
Securities Available-for-Sale:    
Purchases (18,986) (24,677)
Sales 805 0
Payments, Maturities, and Calls 39,586 22,090
Net Decrease in Loans 33,479 25,020
Proceeds From Sales of Other Real Estate Owned 6,479 8,979
Purchases of Premises and Equipment (2,086) (315)
Net Cash Provided By In Investing Activities 59,277 31,097
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net Increase in Deposits 13,185 43,071
Net Decrease in Short-Term Borrowings (2,731) (6,278)
Increase in Other Long-Term Borrowings 560 790
Repayment of Other Long-Term Borrowings (793) (841)
Dividends Paid 0 (1,713)
Issuance of Common Stock 207 413
Net Cash Provided by Financing Activities 10,428 35,442
NET INCREASE IN CASH AND CASH EQUIVALENTS 83,931 87,182
Cash and Cash Equivalents at End of Period 385,314 236,193
Cash and Cash Equivalents at End of Year 469,245 323,375
Loans Transferred to Other Real Estate Owned 4,076 9,078
Transfer of Current Portion of Long-Term Borrowings $ 1,547 $ 0