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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
Cash flows from operating activities      
Net loss $ (15,625) $ (8,563) $ (24,093)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 417 486 686
Stock compensation expense 42 93 35
Impairment charge for other real estate owned 6,741 5,522 7,374
Impairment charge on loans held for sale 2,002 340 0
Impairment charge on real estate owned via equity investment 0 0 2,600
Impairment of available-for-sale ("AFS") investment securities 2,359 1,796 479
Impairment of real estate joint venture 0 0 1,552
Provision for loan and lease losses 5,997 7,728 22,140
Proceeds from sales of loans and leases 11,052 3,234 4,145
Net amortization of investment securities 6,423 3,046 2,862
Net accretion on loans (241) (281) (418)
Net gains on sales of other real estate owned (363) (1,638) (1,019)
Gains on sales of loans and leases (2,057) (337) (666)
Gains on sales of security claim 0 0 (1,656)
Net gains on sales of investment securities (1,030) (1,782) (1,290)
Gains from sale of premises of real estate owned via equity investment 0 0 (667)
Income from equity investments (75) (200) (210)
Income from real estate joint venture 0 (1,750) 0
Income from bank owned life insurance (553) (391) (379)
Changes in assets and liabilities:      
Decrease (increase) in accrued interest receivable 5,207 1,401 (1,922)
Decrease in other assets 3,121 10,172 29,646
Increase (decrease) in accrued interest payable 310 (533) (2,167)
Increase in other liabilities 3,154 1,449 1,669
Net cash provided by (used in) operating activities 26,881 19,792 38,701
Cash flows from investing activities      
Proceeds from maturities, calls and paydowns of available-for-sale ("AFS") investment securities 148,112 80,067 118,056
Proceeds from sales of AFS investment securities 28,246 113,029 181,334
Purchase of AFS investment securities (205,265) (209,002) (174,167)
Redemption of Federal Home Loan Bank stock 2,463 1,931 547
Net decrease in loans 52,691 84,959 109,221
Capital improvements to foreclosed assets 0 0 (1,242)
Proceeds from sale of foreclosed assets 12,014 11,888 13,319
Net cash received in connection with the sale of Royal Asian Bank 0 0 224
Purchase of premises and equipment (255) (145) (115)
Purchase of life insurance 0 (5,000) 0
Net proceeds from sale of premises of real estate owned via equity investments 0 6,794 6,682
Distribution from investments in real estate 75 200 210
Net decrease in real estate owned via equity investments 0 (6,794) (8,615)
Net cash provided by investing activities 38,081 77,927 245,454
Cash flows from financing activities      
Increase (decrease) in demand and NOW accounts 4,745 3,950 (14,660)
(Decrease) increase in money market and savings accounts (2,262) 2,309 12,555
Decrease in certificates of deposit (23,482) (124,256) (185,737)
Repayments in short-term borrowings (54,218) 0 (92,500)
Repayments of long-term borrowings (449) (6,949) (6,726)
Proceeds from long-term borrowings 15,000 0 0
Repayment of mortgage debt of real estate owned via equity investments 0 0 (3,652)
Net cash used in financing activities (60,666) (124,946) (290,720)
Net increase (decrease) in cash and cash equivalents 4,296 (27,227) (6,565)
Cash and cash equivalents at beginning of period 24,506 51,733 58,298
Cash and cash equivalents at end of period 28,802 24,506 51,733
Supplemental Disclosure      
Interest 9,589 14,619 28,161
Income taxes 0 0 0
Transfers to other real estate owned $ 10,811 $ 6,441 $ 18,797