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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
OPERATING ACTIVITIES    
Net income (loss) $ (8,931) $ (2,774)
Adjustments to reconcile net loss to net cash provided by operating activities (including discontinued operations):    
Provision for loan losses 1,326 13,961
Depreciation of premises and equipment 1,050 1,597
Net amortization of investment security premiums 45 3
Loss on sale of premises and equipment 21 4
Gain on sale of government-guaranteed loans (219) (786)
Gain on sale of bank subsidiaries (126) (4,368)
Gain on debt extinguishment 0 (16,861)
Loss (gain) on sale of other real estate owned (333) 134
Write-down of other real estate owned 4,789 4,223
Amortization of issuance costs of subordinated debentures 25 25
Share-based compensation expense 45 99
Deferred income tax credit (243) (230)
Originations and purchases of loans held for sale (8,461) (9,516)
Proceeds from sales of loans held for sale 10,583 14,847
Decrease in accrued interest income and other assets 2,697 17,262
Increase (decrease) in accrued interest expense on deposits and other liabilities (1,196) 1,187
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,072 18,807
INVESTING ACTIVITIES    
Proceeds from sales of investment securities available for sale 0 488
Proceeds from calls, prepayments and maturities of investment securities 4,437 6,766
Purchases of investment securities (2,500) (10,265)
Redemption of Federal Home Loan Bank stock by issuer 144 42
Purchase of Federal Home Loan Bank stock (31) (849)
Net decrease in portfolio loans 64,597 40,531
Proceeds from sales of government-guaranteed loans 2,377 11,628
Proceeds from sales of premises and equipment 28 50
Purchases of premises and equipment (1,038) (592)
Proceeds from sale of bank subsidiaries 4,060 8,869
Payments received on other real estate owned 15 14
Proceeds from sales of other real estate owned 8,627 7,988
NET CASH PROVIDED BY INVESTING ACTIVITIES 80,716 64,670
FINANCING ACTIVITIES    
Net increase in demand deposits, NOW accounts and savings accounts 51,933 42,353
Net decrease in certificates of deposit (130,154) (112,350)
Net borrowing from (payments on) debt obligations (111) 425
Proceeds from Federal Home Loan Bank borrowings 4,500 91,350
Payments on Federal Home Loan Bank borrowings (14,500) (103,250)
Tax effect of share-based payments (17) (17)
NET CASH USED IN FINANCING ACTIVITIES (88,349) (81,489)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (6,561) 1,988
Change in cash and cash equivalents of discontinued operations (617) (6,138)
Cash and cash equivalents at beginning of period 387,224 421,344
CASH AND CASH EQUIVALENTS AT END OF PERIOD 380,046 417,194
Supplemental disclosures:    
Cash paid during the period for interest on deposits and debt obligations 7,721 11,914
Transfers of loans to other real estate owned 18,601 17,671
Exchange of common stock for redemption of debt $ 0 $ 5,082