XML 18 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Net loss before attribution of noncontrolling interests $ (15,573) $ (34,041)
Noncontrolling interest 687 0
Net loss (16,260) (34,041)
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 12,290 20,318
Deferred Tax Asset and related valuation allowance 0 14,461
Provision for REO losses 0 38
Stock based compensation expense 54 57
Depreciation and amortization expense 1,060 1,146
Amortization of intangibles 76 114
Loss from sale of real estate owned 216 20
Gain on sale of securities, net 0 (764)
Gain on sale of loans, net (154) (7)
Market Adjustment on held for sale loans 905 0
Originations of Transfersof loans held-for-sale 0 (2,413)
Proceeds from sale of loans held-for-sale 26,102 2,413
Decrease in accrued interest receivable 500 766
Increase in loan premiums and discounts and deferred charges (210) (510)
Decrease (increase) in premiums and discounts — securities 327 (695)
Decrease (increase) in other assets (432) (1,833)
Increase (decrease) in other liabilities 1,047 222
Net cash provided by operating activities 25,521 (708)
INVESTING ACTIVITIES    
Purchase of securities: Available-for-sale (19,625) (77,106)
Purchase of securities:Held-to-maturity 0 (7,994)
Proceeds from principal payments, maturities, calls and sales of securities: Available-for-sale 17,675 68,444
Proceeds from principal payments, maturities, calls and sales of securities: Held-to-maturity 6,074 1,407
Originations of loans held-for-investment (19,343) (18,680)
Principal collections on loans 80,285 75,246
Proceeds on sale of loans 2,258 900
Increase in restricted cash (6,415) 0
Redemption of FHLB-NY stock (616) 754
Additions to premises and equipment (140) (498)
Proceeds from sale of real estate owned 563 7
Net cash provided by investing activities 60,716 42,480
FINANCING ACTIVITIES    
Net decrease in deposits (75,503) (14,340)
Net change in FHLB-NY advances and other borrowings 796 (19,022)
Increase in capital 51,432 6,655
Dividends paid (364) (712)
Net cash (used in) provided by financing activities (23,639) (27,419)
Net (decrease) increase in cash and cash equivalents 62,598 14,353
Cash and cash equivalents at beginning of period 44,077 38,347
Cash and cash equivalents at end of period 106,675 52,700
Noncash Transfers-    
Change in unrealized loss on valuation of available-for-sale investments, net 349 (672)
Transfers from loans held-for-investment to loans held-for-sale 40,222 2,600
Cash paid for-    
Interest Paid 5,851 7,458
Income Taxes Paid $ 808 $ 1,224