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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
0 Months Ended8 Months Ended9 Months Ended
Sep. 30, 2011
Successor [Member]
Sep. 07, 2011
Predecessor [Member]
Sep. 30, 2010
Predecessor [Member]
Cash flows from operating activities   
Net income (loss)$ 930$ (41,519)$ (29,147)
Adjustments to reconcile net income / (loss) to net cash provided by operating Activities   
Provision for loan losses 43,74245,461
Depreciation and amortization 3,5975,389
Security amortization and accretion, net 232406
Write down of investments for impairment  93
Gain on sales of securities available for sale (6,324)93
Net gain on sale of mortgage loans (251)(418)
Originations of mortgage loans held for sale (20,563)(32,065)
Proceeds from sales of mortgage loans 20,36231,925
Increase in cash surrender value of life insurance (767)(894)
Net losses from sales of fixed assets 4445
Stock-based compensation expense 948477
Net loss on other real estate and repossessed assets 20,1007,973
Deferred tax benefit  11,427
Net changes:   
Other assets(475)11,996(1,246)
Accrued interest payable and other liabilities(2,507)700(4,705)
Net cash provided by (used in) operating activities(2,052)45,34534,681
Cash flows from investing activities   
Net change in interest-bearing deposits with banks  9,986
Purchase of securities available for sale (209,790)(113,921)
Proceeds from sales of securities available for sale 163,929 
Proceeds from maturities of securities available for sale 64,822101,189
Proceeds from maturities of securities held to maturity 46530
Net change in loans 146,969128,133
Proceeds from sale of other real estate 19,78110,904
Improvements to other real estate (261)(624)
Proceeds from sale of fixed assets 7 
Net Change in Cash Due to Merger of GreenBank into Capital Bank, NA(393,434)  
Investment in Capital Bank, NA(139,834)  
Premises and equipment expenditures (947)(1,295)
Net cash provided by (used in) investing activities(533,268)184,975134,402
Cash flows from financing activities   
Net change in deposits (124,497)(162,367)
Net change in brokered deposits  (5,185)
Net change in repurchase agreements (4,026)(1,808)
Repayments of FHLB advances and notes payable (855)(1,115)
Proceeds from North American Financial Holdings, Inc Investment(5,058)147,569 
Preferred stock dividends paid  (2,711)
Net cash (used) in financing activities(5,058)18,191(173,186)
Net change in cash and cash equivalents(540,378)248,511(4,103)
Cash and cash equivalents, beginning of period542,725294,214210,494
Cash and cash equivalents, end of period2,347542,725206,391
Supplemental disclosures - cash and noncash   
Interest paid2,33117,81529,560
Income taxes paid net of refunds  (148)
Loans converted to other real estate 51,85139,195
Unrealized gain (loss) on available for sale securities, net of tax(1,356)(1,242)2,435
Loans Originated to finance / sell other real estate 488 
Preferred Dividends Declared $ 2,484