XML 90 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income (loss) attributable to First Banks, Inc. $ 26,278 $ (41,150) $ (191,737)
Net loss attributable to noncontrolling interest in subsidiary (297) (2,950) (6,514)
Less: net (loss) income from discontinued operations (5,523) (6,459) 3,562
Net income (loss) from continuing operations 31,504 (37,641) (201,813)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization of bank premises and equipment 12,079 13,445 16,537
Amortization of intangible assets 0 3,024 3,292
Amortization and accretion of investment securities 17,412 11,934 6,267
Originations of loans held for sale (470,119) (274,254) (396,855)
Proceeds from sales of loans held for sale 442,476 301,343 385,109
Provision for loan losses 2,000 69,000 214,000
(Benefit) provision for current income taxes (32) 181 (437)
Provision (benefit) for deferred income taxes 6,638 (23,521) (70,845)
(Decrease) increase in deferred tax asset valuation allowance (6,745) 12,686 75,396
Decrease in accrued interest receivable 4,000 3,884 5,732
Increase in accrued interest payable 12,106 7,890 4,079
Gain on loans sold and held for sale (12,931) (5,176) (9,516)
Net gain on investment securities (1,306) (5,335) (8,315)
Decrease in fair value of servicing rights 5,475 7,652 5,558
Write-downs on other real estate and repossessed assets 14,510 16,922 34,680
Other operating activities, net 4,356 20,945 11,785
Net cash provided by operating activities – continuing operations 61,423 122,979 74,654
Net cash used in operating activities – discontinued operations (5,241) (6,626) (5,083)
Net cash provided by operating activities 56,182 116,353 69,571
Cash flows from investing activities:      
Net cash paid for sale of assets and liabilities of discontinued operations, net of cash and cash equivalents sold 0 (51,339) (1,400,472)
Cash paid for sale of branches, net of cash and cash equivalents sold 0 (16,256) (8,408)
Proceeds from sales of investment securities available for sale 315,238 283,713 249,209
Maturities and calls of investment securities available for sale 684,639 341,179 189,887
Maturities and calls of investment securities held to maturity 107,061 1,660 2,418
Purchases of investment securities available for sale (1,296,857) (1,587,313) (1,419,739)
Purchases of investment securities held to maturity 0 (3,450) 0
Net (purchases) redemptions of Federal Reserve Bank and Federal Home Loan Bank stock (251) 3,043 34,955
Proceeds from sales of commercial loans 55,081 65,867 107,414
Cash paid for purchase of one-to-four-family residential real estate loans (141,048) 0 0
Net decrease in loans 367,233 884,010 1,309,598
Recoveries of loans previously charged-off 29,962 22,304 52,102
Purchases of bank premises and equipment (5,906) (5,170) (4,024)
Net proceeds from sales of other real estate and repossessed assets 48,531 65,398 108,321
Proceeds from termination of bank-owned life insurance policy 0 0 25,957
Other investing activities, net 295 2,109 3,621
Net cash provided by (used in) investing activities – continuing operations 163,978 5,755 (749,161)
Net cash (used in) provided by investing activities – discontinued operations (92) 3,030 50,052
Net cash provided by (used in) investing activities 163,886 8,785 (699,109)
Cash flows from financing activities:      
Increase (decrease) in demand, savings and money market deposits 118,479 (86,668) 83,838
Decrease in time deposits (248,687) (528,795) (189,783)
Repayments of Federal Home Loan Bank advances 0 0 (600,000)
(Decrease) increase in other borrowings (25,145) 19,416 (134,958)
Net cash used in financing activities – continuing operations (155,353) (596,047) (840,903)
Net cash used in financing activities – discontinued operations (19,009) (51,709) (50,052)
Net cash used in financing activities (174,362) (647,756) (890,955)
Net increase (decrease) in cash and cash equivalents 45,706 (522,618) (1,520,493)
Cash and cash equivalents, beginning of year 473,140 995,758 2,516,251
Cash and cash equivalents, end of year 518,846 473,140 995,758
Supplemental disclosures of cash flow information:      
Cash paid for interest on liabilities 17,982 36,649 71,941
Cash received for income taxes (661) (239) (1,873)
Noncash investing and financing activities:      
Reclassification of investment securities from available for sale to held to maturity 729,142 0 0
Loans transferred to other real estate and repossessed assets 24,223 69,941 158,889
Bank premises and equipment transferred to other real estate and repossessed assets $ 0 $ 6,537 $ 0