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Condensed Consolidated Statement of Cash Flows Statement (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net Income (Loss) Attributable to Parent $ 16,961 $ (2,277)
Depreciation 1,387 1,548
Provision for loan losses 8,175 22,760
Deferred income taxes 4,683 (4,738)
Net amortization of debt securities 2,490 1,605
Amortization of intangible assets 265 220
Gain on sale of investment securities (680) (1,082)
Mortgage loans originated for sale (29,554) (31,531)
Proceeds from mortgage loans sold 33,374 33,082
(Gain) loss on sale of other real estate (522) (290)
Gain on state tax credits, net (1,142) (1,369)
Excess tax (benefit) expense of share-based compensation (14) 260
Share-based compensation 748 1,144
Valuation adjustment on other real estate 2,643 1,579
Net accretion of loan discount and indemnification asset (14,964) (782)
Changes in:    
Accrued interest receivable 36 488
Accrued interest payable (50) (574)
Prepaid FDIC insurance 1,744 1,505
Other assets (1,439) (459)
Other liabilities (1,181) 1,940
Net cash provided by operating activities 22,960 23,029
Cash flows from investing activities:    
Cash received from sale of Millennium Brokerage Group 0 4,000
Cash received from acquisition of Legacy Bank 8,926 0
Net decrease in loans (48,536) 29,922
Net cash proceeds received from FDIC loss share receivable 22,673 4,793
Proceeds from the sale of debt and equity securities, available for sale 35,423 95,081
Proceeds from the maturity of debt and equity securities, available for sale 62,840 49,853
Proceeds from the redemption of other investments 422 1,640
Proceeds from the sale of state tax credits held for sale 4,057 4,513
Proceeds from the sale of other real estate 12,897 8,033
Payments for the purchase/origination of:    
Available for sale debt and equity securities (194,254) (120,110)
Other investments (895) (1,511)
Bank owned life insurance 0 (20,000)
State tax credits held for sale 0 (10,779)
Fixed assets (309) (276)
Net cash (used in) provided by investing activities (96,756) 45,159
Cash flows from financing activities:    
Net increase in noninterest-bearing deposit accounts 77,751 3,961
Net increase in interest-bearing deposit accounts (77,815) (123,555)
Repayments of Federal Home Loan Bank advances (21,556) (5,000)
Net (decrease) increase in other borrowings (31,559) 17,342
Cash dividends paid on common stock (1,712) (1,561)
Excess tax benefit (expense) benefit of share-based compensation 14 (260)
Cash dividends paid on preferred stock (876) (875)
Issuance of common stock 32,620 14,882
Proceeds from the issuance of equity instruments 1,313 0
Net cash used in financing activities (21,820) (95,066)
Net (decrease) increase in cash and cash equivalents (95,616) (26,878)
Cash and cash equivalents, beginning of period 293,668 106,966
Cash and cash equivalents, end of period 198,052 80,088
Cash paid during the period for:    
Interest 15,392 17,334
Income taxes 9,337 1,313
Noncash transactions:    
Transfer to other real estate owned in settlement of loans 14,686 17,051
Sales of other real estate financed $ 1,562 $ 7,513