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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Activities      
Net loss $ (1,483) $ (40,005) $ (137,314)
Net loss from discontinued operations 0 (27) (5,796)
Net loss from continuing operations (1,483) (39,978) (131,518)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:      
Depreciation and amortization of premises and equipment 3,646 3,794 3,321
Provision for loan losses 523 14,049 67,362
Deferred income taxes 1,326 (1,039) 641
Deferred loan fees and costs, net (251) (2,714) (760)
Premium amortization and discount accretion of investment securities, net 4,061 8,273 3,869
Net gain on sale of investment securities (2,772) (4,121) (7,298)
Amortization of core deposit premiums 1,407 1,407 896
Net accretion of purchase accounting adjustments (16,958) (24,813) (1,731)
Stock compensation expense 681 3 23
Increase in cash surrender value of bank-owned life insurance, net (1,148) (1,277) (1,115)
Origination of loans held for sale (114,104) (86,611) 0
Net proceeds from sale of loans held for sale 121,080 80,975 17,966
Net loss/(gain) on sale of loans held for sale (1,838) (1,338) 1,241
Mortgage servicing rights capitalized (1,131) (750) 0
Mortgage servicing rights impairment and amortization 305 24 117
Net gain on sale of premises and equipment 538 0 (15)
Gain on Retirement of Subordinated Debt 0 0 (1,625)
Net loss on sales and write-downs of other real estate owned 3,921 21,787 44,249
Changes in assets and liabilities:      
(Increase) Decrease in accrued interest receivable and other assets (293) 334 20,781
Increase (Decrease) in accrued interest payable and other liabilities (1,997) (3,092) 5,443
Net cash (used in)/provided by operating activities of continuing operations (4,487) (35,087) 21,847
Net effect of discontinued operations 0 (874) 31,885
Net cash (used in)/provided by operating activities (4,487) (35,961) 53,732
Available-for-sale securities:      
Proceeds from sales 177,826 212,609 290,491
Proceeds from maturities, calls and principal repayments 72,263 147,209 77,486
Purchases (127,794) (490,447) (302,830)
Held-to-maturity securities:      
Proceeds from maturities, calls and principal repayments 3,416 0 0
Purchases (155,394) 0 0
Net (increase) decrease in loans held for investment (28,776) 20,000 179,854
Proceeds from sales of loans held for investment 0 0 25,503
Proceeds from sales of other real estate owned 37,785 50,780 57,634
Improvements to other real estate owned 0 (26) 0
Adjustment to goodwill from valuation adjustment on acquired OREO 0 (300) 0
Purchases of premises and equipment (3,326) (2,889) (2,696)
Proceeds from sales of premises and equipment 920 58 334
Proceeds from sale of mortgage servicing rights 0 0 2,242
Net cash received in (paid for) acquisition 0 (911) 99,126
Net cash (used in) provided by investing activities of continuing operations (23,080) (63,917) 427,144
Net effect of discontinued operations 0 0 354
Net cash (used in) provided by investing activities (23,080) (63,917) 427,498
Financing Activities      
Net decrease in deposits (157,810) (220,420) (286,318)
Decrease in retail purchase agreements (1,758) (163) (790)
Increase (Decrease) in Federal Home Loan Bank advances 14,955 (42) (86,115)
Repayments of subordinated debt 0 0 (875)
Repurchase and retirement of preferred stock 0 0 (3,125)
Issuance of common stock, net of expense 0 6,694 289,571
Exercise of warrants related to stock offering 0 3 0
Cash dividends paid on preferred stock 0 0 (756)
Net cash used in financing activities of continuing operations (144,613) (213,928) (88,408)
Net effect of discontinued operations 0 0 0
Net cash used in financing activities (144,613) (213,928) (88,408)
Net (Decrease) Increase in Cash and Cash Equivalents (172,180) (313,806) 392,822
Cash and Cash Equivalents at Beginning of Period 239,610 553,416 160,594
Cash and Cash Equivalents at End of Period 67,430 239,610 553,416
Cash paid during the period for:      
Interest 10,093 16,234 24,230
Income taxes, net of refunds 58 0 0
Noncash transactions:      
Foreclosed loans transferred to other real estate owned 15,001 32,565 132,546
Loans to facilitate the sale of other real estate owned 7,696 7,211 1,148
Transfer of loans from held for investment to held for sale 0 600 31,832
Transfer of loans from held for sale to held for investment 0 3,885 0
Urealized securities gains/(losses), net of income taxes (18,126) 3,366 810
Conversion of subordinated debt to preferred stock 0 0 5,000
Employee benefit plan costs, net of income taxes 844 280 (1,088)
Gain on repurchase and retirement of preferred stock 0 0 9,375
Conversion of Series A preferred stock to common stock 0 0 8,982
Exchange of unaccrued dividend on Series A preferred stock to common stock 0 0 4,334
Warrant agreement adjustment 0 0 3,891
Gain on conversion of Series A preferred stock to common stock 0 0 38,625
Assets acquired in business combination 0 0 724,452
Liabilities assumed in business combination $ 0 $ 0 $ 723,433