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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities:  
Net income/(loss)$ (21,410)$ (1,801)
Adjustments to reconcile net income to net cash provided by operating activities:  
Provision for loan losses19,10611,353
Depreciation on premises and equipment1,2581,320
Core deposit intangible amortization217229
Net amortization (accretion) available-for-sale(5,466)(1,554)
Impairment loss on securities available-for-sale83782
Impairment loss on securities held-to-maturity8550
Loss on sale of investments held-to-maturity3 
Loss on sale of investments available-for-sale3523
Gain on sale of investments available-for-sale(323)(7)
Gain on sale of mortgage loans(824)(1,227)
Origination of loans held for sale(62,168)(96,445)
Proceeds on sale of loans held for sale62,01392,642
Stock-based compensation expense14371
Prepaid FDIC premium2,4841,859
Changes in:  
Cash surrender value of life insurance(259)(258)
Interest receivable539173
Other assets1,481(560)
Interest payable882(114)
Accounts payable and other liabilities1,110(1,750)
Net cash from operating activities(1,011)4,786
Investing Activities:  
Sales of securities available-for-sale128,289665
Sales of securities held-to-maturity92 
Purchases of securities available-for-sale(286,744)(179,022)
Maturities of securities available-for-sale38,36063,424
Maturities of securities held-to-maturity61,038
Net change in loans79,15260,789
Redemption of Federal Home Loan Bank stock1043,500
Net purchases of premises and equipment(292)(1,672)
Net cash from investing activities(41,033)(51,278)
Financing Activities  
Net change in deposits(65,508)38,911
Change in short-term borrowings (1,155)
Advance from Federal Home Loan Bank337 
Maturity of Federal Home Loan Bank advance(25,000) 
Repayments to Federal Home Loan Bank(99)(181)
Issuance of common stock under dividend reinvestment program216
Issuance of common stock for employee benefit plans84116
Dividends paid on preferred stock (750)
Net cash from financing activities(90,184)36,957
(Decrease) Increase in cash and cash equivalents(132,228)(9,535)
Cash and cash equivalents, beginning of period166,17698,533
Cash and cash equivalents, end of period33,94888,998
Supplemental noncash disclosures:  
Transfers from loans to real estate owned$ 16,140$ 10,434