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Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Net loss $ (15,649) $ (13,825)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation 1,191 1,201
Amortization of unearned discounts / premiums on investment securities available for sale, net 2,615 367
Decrease in income tax refunds receivable 7,436 16,048
Provision for loan losses 12,900 23,500
Gain on sales of mortgage loans held for sale, net (452) (501)
Loss on commercial loans held for sale 4,948  
Writedowns, gains and losses of sales of foreclosed real estate 1,671 3,105
Writedown on premises and equipment transferred to held for sale 73  
Loss on prepayment of FHLB advances 412  
Investment securities gains, net (56) (8)
Originations of mortgage loans held for sale (16,913) (25,051)
Proceeds from sale of mortgage loans held for sale 21,369 27,538
Compensation expense on equity-based awards 303 186
Increase in interest receivable and other assets, net (1,604) (8,349)
Increase (decrease) in interest payable and other liabilities, net (822) 1,659
Net cash provided by operating activities 17,422 25,870
Investing Activities    
Proceeds from sales of investment securities available for sale 2,390 40,191
Proceeds from maturities of investment securities available for sale 39,590 27,284
Purchases of investment securities available for sale (125,462) (64,555)
Repayments on mortgage-backed investment securities available for sale 21,880 6,433
Proceeds from redemption of FHLB stock 1,600  
Proceeds from sale of commercial loans held for sale 6,528  
Repayments on commercial loans held for sale 2,392  
Decreases in loans, net 7,042 45,775
Proceeds on sale of foreclosed real estate 8,457 6,297
Purchases of premises and equipment, net (762) (1,256)
Net cash (used for) provided by investing activities (36,345) 60,169
Financing Activities    
Increase (decrease) in transaction, money market, and savings deposit accounts, net (7,816) 18,585
Decrease in time deposit accounts, net (39,002) (42,124)
Increase in retail repurchase agreements, net 3,988 9,129
Decrease in commercial paper, net   (19,061)
Repayment of FHLB borrowings (35,412) (5,000)
Proceeds from issuance of common stock, net 7,951  
Proceeds from issuance of convertible debt   380
Net cash used for financing activities (70,291) (38,091)
Net change in cash and due from banks (89,214) 47,948
Cash and due from banks at beginning of period 223,017 188,073
Cash and due from banks at end of period 133,803 236,021
Supplemental cash flow disclosures    
Cash paid for interest expense 5,633 8,308
Income tax refunds received, net 7,436 20,272
Significant noncash activities    
Change in net unrealized gain on investment securities available for sale, net of tax 1,860 1,267
Loans transferred from gross loans to commercial loans held for sale 1,224  
Commercial loans held for sale transferred to foreclosed real estate 3,946  
Gross loans transferred to foreclosed real estate, at fair value $ 1,466 $ 8,097