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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 5,557 $ 793
Adjustments to net income:    
Depreciation and amortization expense 561 489
Provision for loan losses 1,406 1,695
Share-based compensation expense 196 10
Loss on sale and disposal of premises and equipment 63 12
Loss on sale of other real estate owned 21 191
Write down of other real estate owned   504
Amortization of premium/discounts on securities held for sale, net 389 233
Amortization of mark-to-market discount (807)  
Gain on sale of investment securities available for sale (480) (374)
Other-than-temporary impairment loss on investment securities, net 368 656
Loss on sale of loans held for investment 2,461 2,640
Gain on FDIC transaction (4,189)  
Deferred income tax provision 265 476
Change in accrued expenses and other liabilities, net (3,695) (392)
Income from bank owned life insurance, net (260) (269)
Change in accrued interest receivable and other assets, net 4,152 (1,067)
Net cash provided by operating activities 6,008 5,597
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale and principal payments on loans held for investment 49,386 54,431
Net change in undisbursed loan funds 11,096 (4,326)
Purchase and origination of loans held for investment (58,938) (34,196)
Proceeds from sale of other real estate owned 9,626 4,355
Principal payments on securities available for sale 8,977 6,328
Purchase of securities available for sale (19,612) (106,048)
Proceeds from sale or maturity of securities available for sale 43,141 60,796
Purchases of premises and equipment (2,471) (331)
Redemption (purchase) of Federal Reserve Bank stock 155 (420)
Redemption of Federal Home Loan Bank of San Francisco stock 1,009  
Cash acquired in FDIC transaction 26,389 473
Net cash provided by (used in) investing activities 68,758 (18,938)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposit accounts (47,568) 13,309
Repayment of FHLB advances and other borrowings (40,000) (25,000)
Proceeds from exercise of stock options 32  
Warrants purchased and retired (3,660)  
Net cash used in financing activities (91,196) (11,691)
NET DECREASE IN CASH AND CASH EQUIVALENTS (16,430) (25,032)
CASH AND CASH EQUIVALENTS, beginning of period 63,462 59,706
CASH AND CASH EQUIVALENTS, end of period 47,032 34,674
SUPPLEMENTAL CASH FLOW DISCLOSURES    
Interest paid 5,030 6,658
Income taxes paid 2,445 1,035
Assets acquired (liabilities assumed) in acquisition:    
Investment securities 14,076  
FDIC receivable 2,838  
Loans 149,739  
Core deposit intangible 2,270  
Other real estate owned 11,953  
Fixed assets 42  
Other assets 1,599  
Deposits (204,678)  
Other liabilities (39)  
NONCASH INVESTING ACTIVITIES DURING THE PERIOD    
Transfers from loans to other real estate owned 2,107 3,530
Investment securities available for sale purchased and not settled $ 5,083 $ 8,275