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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net loss$ (7,629)$ (8,406)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:  
Depreciation and amortization352515
Stock compensation expense6929
Provision for loan and lease losses5,5688,387
Impairment charge for other real estate owned4,6333,823
Impairment of loans held for sale3040
Impairment of real estate joint venture01,552
Impairment charge for real estate owned via equity investment01,700
Net amortization of investment securities1,9952,146
Net accretion on loans(220)(373)
Net gains on sales of other real estate(1,500)(735)
Proceeds from sales of loans and leases8314,145
Gains on sales of loans and leases(51)(637)
Net gains on sales of investment securities(1,565)(1,219)
Income from equity investments(150)(160)
Gain from sale of premises of real estate owned via equity investment(528)(542)
Income from real estate joint venture(250)0
Income from bank owned life insurance(278)(283)
Impairment of available-for-sale investment securities1,796479
Changes in assets and liabilities:  
Decrease (increase) in accrued interest receivable870(2,149)
Decrease in other assets11,64421,680
Increase in accrued interest payable1,734940
Increase in other liabilities2,3189,319
Net cash provided by operating activities19,94340,211
Cash flows from investing activities:  
Proceeds from call/maturities of available-for-sale (AFS) investment securities59,91279,036
Proceeds from sales of AFS investment securities112,721159,722
Purchase of AFS investment securities(167,874)(129,771)
Redemption of FHLB stock1,4850
Net decrease in loans66,28338,249
Purchase of premises and equipment(117)(176)
Net proceeds from sale of premises of real estate owned via equity investments7,9395,106
Distribution from investments in real estate150160
Net decrease in real estate owned via equity investments(7,411)(6,264)
Proceeds from sales of foreclosed real estate8,74212,815
Net cash provided by investing activities81,830158,877
Cash flows from financing activities:  
Increase (decrease) in demand and NOW accounts1,981(2,637)
Increase (decrease) in money market and savings accounts5,791(4,728)
Decrease in certificates of deposit(123,794)(130,902)
Repayments in short-term borrowings0(35,000)
Repayments of long-term borrowings(5,191)(5,023)
Repayment of mortgage debt of real estate owned via equity investments0(3,652)
Net cash used in financing activities(121,213)(181,942)
Net (decrease) increase in cash and cash equivalents(19,440)17,146
Cash and cash equivalents at the beginning of the period51,73358,298
Cash and cash equivalents at the end of the period32,29375,444
Interest paid9,34219,661
Transfers to other real estate owned$ 5,088$ 13,036