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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities  
Interest received$ 61,077$ 64,729
Fees and commissions received13,56114,166
Interest paid(13,222)(13,827)
Cash paid to suppliers and employees(49,245)(52,558)
Income taxes (paid) received(9)20,785
Origination of loans held for sale(96,751)(125,507)
Proceeds from loans held for sale102,373137,125
Net change in other assets1,070(1,694)
Net cash provided by operating activities18,85443,219
Cash flows from investing activities  
Maturities of securities available for sale87,71395,092
Maturities of securities held for investment3,2054,487
Proceeds from sale of securities available for sale33,555102,069
Proceeds from sale of securities held for investment05,452
Purchases of securities available for sale(287,977)(201,088)
Purchase of securities held for investment(1,526)(16,313)
Net new loans and principal repayments(9,088)66,161
Proceeds from sale of loans1,45016,401
Proceeds from the sale of other real estate owned32,8537,090
Proceeds from sale of Federal Home Loan Bank and Federal Reserve Bank stock1,1542,311
Purchase of Federal Home Loan Bank Stock and Federal Reserve Stock(174)0
Additions to bank premises and equipment(761)(435)
Net cash (used in) provided by investing activities(139,596)81,227
Cash flows from financing activities  
Net increase (decrease) in deposits24,055(142,404)
Net increase (decrease) in federal funds purchased and repurchase agreements8,348(43,151)
Issuance of common stock, net of related expenses047,098
Stock based employee benefit plans69153
TARP dividends and interest paid(6,250)0
Dividends paid00
Net cash provided (used in) financing activities26,222(138,304)
Net (decrease) increase in cash and cash equivalents(94,520)(13,858)
Cash and cash equivalents at beginning of period211,405215,100
Cash and cash equivalents at end of period116,885201,242
Reconciliation of net income (loss) to net cash provided by operating activities  
Net income (loss)4,119(22,998)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:  
Depreciation2,1522,336
Amortization of premiums and discounts on securities, net1,730157
Other amortization and accretion, net(208)199
Change in loans held for sale, net5,62211,618
Provision for loan losses1,54227,705
Gains on sale of securities(137)(3,687)
Gains on sale of loans(114)(163)
Losses on sale and write-downs of other real estate owned2,5584,767
Losses (gains) on disposition of fixed assets55(31)
Change in interest receivable(543)848
Change in interest payable(2,354)580
Change in prepaid expenses2,4012,963
Change in accrued taxes89121,591
Change in other assets(1,070)1,694
Change in other liabilities70(972)
Net cash provided by operating activities18,85443,219
Supplemental disclosures of non-cash investing activities:  
Fair value adjustment to securities10,2244,910
Transfer from loans to other real estate owned31,46116,725
Transfer from loans to loans available for sale01,005
Transfer from other assets to other real estate owned01,676
Transfer from bank premises and equipment to other real estate owned0377
Purchase of securities on trade date$ 0$ 20,956