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Consolidated Statements Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities  
Net loss$ (106,611)$ (83,348)
Net loss from discontinued operations(5,722)(133)
Net loss from continuing operations(100,889)(83,215)
Adjustments to reconcile net loss to cash provided by operatings activities:  
Depreciation and amortization of premises and equipment2,3822,726
Provision for loan losses60,94492,426
Deferred income taxes3334,666
Deferred loan fees and costs, net1,755(586)
Premium amortization and discount accretion of investment securities, net2,746(3,897)
Net gain on sale of investment securities(7,308)(1,827)
Amortization of core deposit premiums596596
Stock compensation expense1643
Increase in cash surrender value of bank-owned life insurance(817)(817)
Loans held for sale:  
Origination of loans held for sale (85,540)
Net proceeds from sale of loans held for sale(10)94,769
Loss/(gain) on loan sales10(1,682)
Mortgage servicing rights capitalized (960)
Mortgage servicing rights amortization and impairment145888
Net loss on sales and write-downs of other real estate owned27,6833,886
Changes in assets and liabilities:  
Decrease in interest receivable2,721980
Decrease/(increase) in other assets11,115(665)
Increase/(decrease) in accrued interest and other liabilities6,341(5,187)
Net cash provided by operating activities of continuing operations7,76316,604
Net effect of discontinued operations31,7687,884
Net cash provided by operating activities39,53124,488
Investing Activities  
Proceeds from sales290,18533,745
Proceeds from maturities and calls50,04781,280
Purchases(228,785)(67,328)
Held-to-maturity securities:  
Proceeds from maturities and calls 6,184
Net decrease in loans held for investment173,93844,099
Proceeds from sale of other real estate owned39,5217,990
Improvements to other real estate owned (362)
Purchases of premises and equipment(2,522)(678)
Net cash provided by investing activities of continuing operations322,384104,930
Net effect of discontinued operations22206
Net cash provided by investing activities322,406105,136
Financing Activities  
Net (decrease)/increase in deposits(130,754)46,678
Decrease in retail repurchase agreements(2,737)(1,151)
Decrease in Federal Home Loan Bank advances(25,029)(45,951)
Decrease in Federal funds purchased (10,000)
Cash dividends paid on Series A preferred stock (644)
Net cash used in financing activities of continuing operations(158,520)(11,068)
Net effect of discontinued operations  
Net cash used in financing activities(158,520)(11,068)
Net Increase in Cash and Cash Equivalents203,417118,556
Cash and Cash Equivalents at Beginning of Period160,59427,698
Cash and Cash Equivalents at End of Period364,011146,254
Supplemental disclosure of cash flow information  
Interest17,51623,462
Income taxes, net of refunds 645
Noncash transactions:  
Foreclosed loans transferred to other real estate101,24525,114
Unrealized securities gains, net of income taxes expense5003,657
Unrealized gains on interest rate swaps 191
Conversion of debt to preferred stock(5,000) 
Issuance of preferred stock from debt conversion$ 5,000