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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating Activities:    
Net income/(loss) $ (5,180) $ (21,410)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for loan losses 4,598 19,106
Depreciation on premises and equipment 1,146 1,258
Core deposit intangible amortization 127 217
Loss on low-income housing investments 275 0
Net amortization (accretion) on securities available-for-sale (4,764) (5,466)
Impairment loss on securities available-for-sale 0 83
Impairment loss on securities held-to-maturity 26 85
Gain on sale of investments available-for-sale (3,363) (323)
Gain on Call of investments held-to-maturity (192) 0
Loss on sale of investments available-for-sale 653 35
Loss on Call of investments held-to-maturity 0 3
Gain on sale of mortgage loans (1,200) (824)
Gain on branch divestiture (3,124) 0
Gain on sale of premises and equipment (322) 0
Gain on sale of real estate acquired through foreclosure (1,243) (137)
Gain on sale of real estate held for development (175) 0
Write-downs on real estate acquired through foreclosure 4,913 7,922
Origination of loans held for sale (47,294) (62,168)
Proceeds on sale of loans held for sale 55,975 62,013
Stock-based compensation expense 202 143
Prepaid FDIC premium 1,302 2,484
Changes in:    
Cash surrender value of life insurance (269) (259)
Interest receivable 650 539
Other assets 1,644 (1,507)
Interest payable 966 882
Accounts payable and other liabilities 1,692 1,110
Net cash from operating activities 7,235 3,786
Investing Activities:    
Cash paid for the disposition of branches (80,248) 0
Sales of securities available-for-sale 214,830 128,289
Call of securities held-to-maturity 208 92
Purchases of securities available-for-sale (274,567) (286,744)
Maturities of securities available-for-sale 59,436 38,360
Maturities of securities held-to-maturity 58 6
Net change in loans 104,152 79,152
Sale of portfolio loans 10,693 0
Redemption of Federal Home Loan Bank stock 0 104
Investment in low-income housing projects (24) (7,420)
Net purchases of premises and equipment (202) (292)
Sales of premises and equipment 1,575 0
Sales of real estate acquired through foreclosure 10,979 2,623
Sales of real estate held for development 220 0
Net cash from investing activities 47,110 (45,830)
Financing Activities    
Net change in deposits (76,182) (65,508)
Advance from Federal Home Loan Bank 0 337
Maturity of Federal Home Loan Bank advance 0 (25,000)
Repayments to Federal Home Loan Bank (15,105) (99)
Issuance of common stock under dividend reinvestment program 5 2
Issuance of common stock for employee benefit plans 38 84
Net cash from financing activities (91,244) (90,184)
Increase (Decrease) in cash and cash equivalents (36,899) (132,228)
Cash and cash equivalents, beginning of period 92,236 166,176
Cash and cash equivalents, end of period 55,337 33,948
Supplemental noncash disclosures:    
Transfers from loans to real estate acquired through foreclosure and repossessed assets 15,682 16,304
Loans to facilitate sales of real estate owned and repossessed assets 243 2,222
Dividends accrued not paid on preferred stock 750 750
Transfers from loans to loans held for sale in probable branch divestiture $ 11,304 $ 0