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Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities:  
Net loss$ (20,015)$ (1,232)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:  
Depreciation1,4221,577
Provision for loan losses17,90013,300
Deferred income tax benefit(5,497)0
Valuation allowance for deferred tax assets14,5840
Amortization of intangible assets and other purchase accounting adjustments, net513606
Amortization of premiums and discounts on investment securities, net1,1881,178
Gains on sales of securities available-for-sale, net(2,693)(722)
Impairment of mortgage servicing rights817922
Compensation expense for vested stock options5066
(Gain) loss on sales and writedowns of other real estate owned, net1,522(301)
Impairment of land held-for-sale0110
Loans originated for sale(47,382)(75,740)
Proceeds from sales of loans originated for sale50,78477,948
Decrease in accrued interest payable(131)(1,358)
Decrease in accrued interest receivable3031,315
Increase in other assets882444
Increase (decrease) in other liabilities615(4,375)
Net cash provided by operating activities14,86213,738
Investing activities:  
Proceeds from sales of investment securities available-for-sale87,04142,929
Proceeds from maturities of investment securities available-for-sale15,04527,107
Purchase of investment securities available-for-sale(103,035)(5,828)
Proceeds from maturities of investment securities held-to-maturity1,462200
Purchase of investment securities held-to-maturity0(1,690)
Purchase of Federal Reserve Bank stock0(268)
Proceeds from sales of other real estate owned3,6437,283
Net decrease in loans31,39155,789
Purchases of premises and equipment(458)(417)
Net cash provided by investing activities35,089125,105
Financing activities:  
Net decrease in deposits(23,736)(115,993)
Net increase (decrease) in short-term borrowings14,241(31,771)
Dividends paid on preferred stock0(941)
Sales of treasury stock3343
Award of nonvested stock from treasury stock020
Net cash used in financing activities(9,462)(148,642)
Increase (decrease) in cash and cash equivalents40,489(9,799)
Cash and cash equivalents at beginning of period43,88071,073
Cash and cash equivalents at end of period84,36961,274
Cash paid during the period for:  
Interest5,60711,319
Income taxes8961,134
Supplemental disclosures of non-cash flow activities:  
Loans transferred to other real estate owned$ 3,015$ 7,696