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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income attributable to First Banks, Inc. $ 5,405 $ 6,710
Net (loss) income attributable to noncontrolling interest in subsidiary (55) 46
Less: net loss from discontinued operations, net of tax 0 (2,064)
Net income from continuing operations, net of tax 5,350 8,820
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization of bank premises and equipment 2,921 2,851
Amortization and accretion of investment securities 5,799 6,274
Originations of loans held for sale (35,414) (87,616)
Proceeds from sales of loans held for sale 40,278 116,735
Provision for current income taxes 283 72
Provision (benefit) for deferred income taxes 2,634 (866)
Increase in deferred tax asset valuation allowance 0 1,159
Decrease (increase) in accrued interest receivable 1,711 (1,309)
(Decrease) increase in accrued interest payable (62,685) 3,505
Gain on loans sold and held for sale (865) (1,553)
Net (gain) loss on investment securities (1,280) 416
Decrease (increase) in fair value of servicing rights 232 (154)
Write-downs on other real estate 97 258
Other operating activities, net (156) 5,570
Net cash (used in) provided by operating activities – continuing operations (41,095) 54,162
Net cash used in operating activities – discontinued operations 0 (1,827)
Net cash (used in) provided by operating activities (41,095) 52,335
Cash flows from investing activities:    
Net cash paid for sale of assets and liabilities of discontinued operations, net of cash and cash equivalents sold (15,467) 0
Proceeds from sales of investment securities available for sale 166,320 66,507
Maturities of investment securities available for sale 44,399 100,629
Maturities of investment securities held to maturity 17,783 52,087
Purchases of investment securities available for sale (250) (197,735)
Purchases of investment securities held to maturity (1,429) (19,261)
Net purchases of Federal Reserve Bank and Federal Home Loan Bank stock (4,791) (295)
Proceeds from sales of commercial loans 0 1,343
Net (increase) decrease in loans (43,645) 44,340
Recoveries of loans previously charged-off 2,245 3,451
Purchases of bank premises and equipment (1,923) (1,354)
Net proceeds from sales of other real estate 5,876 5,033
Other investing activities, net 671 303
Net cash provided by investing activities – continuing operations 169,789 55,048
Net cash provided by investing activities – discontinued operations 0 372
Net cash provided by investing activities 169,789 55,420
Cash flows from financing activities:    
Increase (decrease) in demand, savings and money market deposits 46,943 (50,603)
Decrease in time deposits (18,407) (66,755)
Proceeds from (Repayments of) Short-term Debt (6,430) 10,830
Net cash provided by (used in) financing activities – continuing operations 22,106 (106,528)
Net cash used in financing activities – discontinued operations 0 (10,614)
Net cash provided by (used in) financing activities 22,106 (117,142)
Net increase (decrease) in cash and cash equivalents 150,800 (9,387)
Cash and cash equivalents, beginning of period 190,435 518,846
Cash and cash equivalents, end of period 341,235 509,459
Supplemental disclosures of cash flow information:    
Cash paid for interest on liabilities 68,534 2,644
Cash paid for income taxes 257 2
Noncash investing and financing activities:    
Reclassification of investment securities from available for sale to held to maturity 0 242,540
Loans transferred to other real estate $ 1,031 $ 2,474