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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating Activities    
Net loss $ (7,736) $ (15,649)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation 1,330 1,191
Amortization of unearned discounts / premiums on investment securities available for sale, net 2,586 2,615
(Increase) decrease in income tax refunds receivable (510) 7,436
Provision for loan losses 11,150 12,900
Gain on sales of mortgage loans held for sale, net (1,074) (452)
Loss on other loans held for sale 2,534 4,948
Writedowns, gains and losses on sales of foreclosed real estate, net 8,077 1,671
Loss on prepayment of FHLB advances   412
Investment securities gains, net (9,859) (56)
Originations of mortgage loans held for sale (35,459) (16,913)
Proceeds from sale of mortgage loans held for sale 36,392 21,369
Compensation expense on equity-based awards 612 303
(Increase) decrease in interest receivable and other assets, net 5,576 (1,604)
Decrease in interest payable and other liabilities, net (1,380) (822)
Net cash provided by operating activities 12,239 17,349
Investing Activities    
Proceeds from sales of investment securities available for sale 151,864 2,390
Proceeds from maturities of investment securities available for sale 2,700 39,590
Purchases of investment securities available for sale (175,555) (125,462)
Repayments on mortgage-backed investment securities available for sale 31,242 21,880
Proceeds from redemption of FHLB stock 1,318 1,600
Proceeds from sale of other loans held for sale 13,718 6,528
Repayments on other loans held for sale 70 2,392
Decreases in loans, net 10,353 7,042
Proceeds on sale of foreclosed real estate 9,064 8,457
Purchases of premises and equipment, net (500) (689)
Net cash provided by (used for) investing activities 44,274 (36,272)
Financing Activities    
Increase (decrease) in transaction, money market, and savings deposit accounts, net 15,028 (7,816)
Decrease in time deposit accounts, net (16,532) (39,002)
Increase (decrease) in retail repurchase agreements, net (5,598) 3,988
Repayment of FHLB borrowings   (35,412)
Proceeds from issuance of common stock, net   7,951
Net cash provided by (used for) financing activities (7,102) (70,291)
Net change in cash and due from banks 49,411 (89,214)
Cash and due from banks at beginning of period 102,952 223,017
Cash and due from banks at end of period 152,363 133,803
Cash paid and received during the period for:    
Cash paid for interest expense 2,770 5,633
Income tax (refunds received) paid, net 510 (7,436)
Significant noncash activities    
Change in net unrealized gains on investment securities available for sale, net of tax (6,586) 1,860
Loans transferred from gross loans to other loans held for sale 19,722 1,224
Loans transferred from gross loans to foreclosed real estate, at fair value 2,347 1,466
Loans transferred from other loans held for sale to gross loans, at fair value 1,318  
Loans transferred from other loans held for sale to foreclosed real estate, at fair value $ 1,814 $ 3,946