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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating Activities:      
Net income/(loss) $ (8,393) $ (23,161) $ (9,402)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:      
Provision for loan losses 6,797 21,210 16,881
Depreciation on premises and equipment 1,554 1,638 1,764
Income tax valuation allowance 3,813 8,318 6,024
Real estate acquired through foreclosure valuation allowance 500 0 0
Intangible asset amortization 172 370 396
Loss on low-income housing investments 634 368 0
Net amortization (accretion) available-for-sale (6,231) (4,829) (1,610)
Impairment loss on securities available-for-sale 0 83 998
Impairment loss on securities held-to-maturity 26 85 50
Loss on call of investments held-to-maturity 0 3 0
Loss on sale of investments available-for-sale 1,131 146 23
Gain on sale of investments available-for-sale (3,192) (995) (60)
Gain on call of investments held-to-maturity (192) 0 0
Gain on sale of mortgage loans (1,653) (1,200) (1,760)
Gain on branch divestiture (3,124) 0 0
Gain on sale of premises and equipment (344) 0 0
Gain on sale of real estate acquired through foreclosure (1,318) (231) (300)
Gain on sale of real estate held for development (175) 0 0
Write-downs on real estate acquired through foreclosure 5,147 9,263 2,315
Origination of loans held for sale (70,672) (135,282) (131,599)
Proceeds on sale of loans held for sale 78,681 86,854 135,154
Deferred taxes (3,813) (8,448) (4,478)
Stock-based compensation expense 309 186 100
Prepaid FDIC premium 1,302 3,147 2,573
Changes in:      
Cash surrender value of life insurance (358) (348) (346)
Interest receivable 478 639 (746)
Other assets 1,395 (54) 632
Interest payable 1,304 1,223 234
Accrued income tax 589 (1,357) (2,161)
Accounts payable and other liabilities 315 802 1,210
Net cash from operating activities 4,682 (41,570) 15,892
Investing Activities:      
Cash paid for the disposition of branches (80,248) 0 0
Sales of securities available-for-sale 216,196 192,251 685
Call of securities held-to-maturity 208 91 0
Purchases of securities available-for-sale (319,348) (348,067) (243,155)
Maturities of securities available-for-sale 70,958 52,737 89,141
Maturities of securities held-to-maturity 58 5 1,041
Net change in loans 146,729 149,388 76,209
Sale of portfolio loans 10,693 0 0
Redemption of Federal Home Loan Bank stock 0 104 3,606
Investment in low-income housing projects (24) (7,420) 0
Net purchases of premises and equipment (212) (290) (1,787)
Sales of premises and equipment 1,575 0 0
Sales of real estate acquired through foreclosure 19,250 4,655 4,498
Sales of real estate held for development 220 0 0
Net cash from investing activities 66,055 43,454 (69,762)
Financing Activities      
Net change in deposits (84,779) (51,114) 124,093
Change in short-term borrowings 0 0 (1,500)
Advance from Federal Home Loan Bank 0 337 0
Maturity of Federal Home Loan Bank advance 0 (25,000) 0
Repayments to Federal Home Loan Bank (15,140) (133) (213)
Issuance of common stock under dividend reinvestment program 10 2 17
Issuance of common stock for employee benefit plans 39 84 116
Dividends paid on preferred stock 0 0 (1,000)
Net cash from financing activities (99,870) (75,824) 121,513
Increase (decrease) in cash and cash equivalents (29,133) (73,940) 67,643
Cash and cash equivalents, beginning of year 92,236 166,176 98,533
Cash and cash equivalents, end of year $ 63,103 $ 92,236 $ 166,176