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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net loss attributable to First Banks, Inc.$ (25,271)$ (140,328)
Net loss attributable to noncontrolling interest in subsidiary(1,530)(1,082)
Less: net income from discontinued operations69611,884
Net loss from continuing operations(27,497)(153,294)
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation and amortization of bank premises and equipment10,75613,513
Amortization of intangible assets2,3272,525
Originations of loans held for sale(177,527)(244,475)
Proceeds from sales of loans held for sale199,224238,984
Payments received on loans held for sale141452
Provision for loan losses52,000162,000
Provision (benefit) for current income taxes455(323)
Benefit for deferred income taxes(16,171)(47,680)
Increase in deferred tax asset valuation allowance4,25953,349
Decrease in accrued interest receivable2,7903,403
Increase in accrued interest payable5,3823,163
Decrease in current income taxes receivable512,484
Gain on loans sold and held for sale(3,928)(7,321)
Net gain on investment securities(5,282)(553)
Net loss on derivative instruments2142,939
Decrease in fair value of servicing rights6,7396,239
Write-downs on other real estate and repossessed assets8,41023,596
Other operating activities, net25,3473,284
Net cash provided by operating activities - continuing operations87,69062,285
Net cash provided by operating activities - discontinued operations9841,374
Net cash provided by operating activities88,67463,659
Cash flows from investing activities:  
Net cash paid for sale of assets and liabilities of discontinued operations, net of cash and cash equivalents sold(51,339)(1,400,472)
Cash paid for sale of branches, net of cash and cash equivalents sold(16,256)(8,408)
Proceeds from sales of investment securities available for sale283,71320,103
Maturities of investment securities available for sale197,721132,696
Maturities of investment securities held to maturity5381,420
Purchases of investment securities available for sale(1,372,074)(924,654)
Purchases of investment securities held to maturity(3,450)0
Redemptions of Federal Reserve Bank and Federal Home Loan Bank stock3,39824,978
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock(534)(113)
Proceeds from sales of commercial loans65,86734,109
Net decrease in loans732,727964,452
Recoveries of loans previously charged-off16,92844,006
Purchases of bank premises and equipment(3,812)(2,446)
Net proceeds from sales of other real estate and repossessed assets57,61963,446
Proceeds from termination of bank-owned life insurance policy025,957
Other investing activities, net1453,365
Net cash used in investing activities - continuing operations(88,809)(1,021,561)
Net cash provided by investing activities - discontinued operations2,72444,287
Net cash used in investing activities(86,085)(977,274)
Cash flows from financing activities:  
(Decrease) increase in demand, savings and money market deposits(61,139)21,782
Decrease in time deposits(458,026)(53,267)
Repayments of Federal Home Loan Bank advances0(400,000)
Increase in securities sold under agreements to repurchase21,351878
Net cash used in financing activities - continuing operations(497,814)(430,607)
Net cash used in financing activities - discontinued operations(1,903)(60,453)
Net cash used in financing activities(499,717)(491,060)
Net decrease in cash and cash equivalents(497,128)(1,404,675)
Cash and cash equivalents, beginning of period995,7582,518,105
Cash and cash equivalents, end of period498,6301,113,430
Supplemental disclosures of cash flow information:  
Cash paid during the period for interest on liabilities31,78459,132
Cash received during the period for income taxes(99)(1,916)
Noncash investing and financing activities:  
Loans transferred to other real estate and repossessed assets52,597131,014
Bank premises and equipment transferred to other real estate and repossessed assets$ 6,537$ 0