XML 22 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows From Operating Activities    
Net income $ (5,182) $ 6,375
Reconciliation of net income to net cash provided by operating activities:    
Provision for loan losses 21,555 11,343
Net security premium amortization 456 412
Purchase accounting accretion and amortization, net (2,525) (2,500)
Gain from acquisition    (10,196)
Foreclosed property losses and write-downs 5,235 6,287
Gain on securities available for sale (452) (14)
Other gains (194) (20)
Increase in net deferred loan costs (60) (207)
Depreciation of premises and equipment 1,133 1,092
Stock-based compensation expense 20 133
Amortization of intangible assets 223 224
Origination of presold mortgages in process of settlement (19,422) (20,082)
Proceeds from sales of presold mortgages in process of settlement 18,509 21,348
Decrease in accrued interest receivable 810 621
Increase in other assets (15,846) (4,281)
Increase (decrease) in accrued interest payable (213) 246
Decrease in other liabilities (5,080) (5,280)
Net cash provided (used) by operating activities (1,033) 5,501
Cash Flows From Investing Activities    
Purchases of securities available for sale (9,000) (21,817)
Purchases of securities held to maturity    (3,232)
Proceeds from sales of securities available for sale 9,641 2,518
Proceeds from maturities/issuer calls of securities available for sale 23,125 11,469
Proceeds from maturities/issuer calls of securities held to maturity 860 686
Net decrease (increase) in loans (23,828) 35,368
Proceeds from FDIC loss share agreements 13,247 31,214
Proceeds from sales of foreclosed real estate 10,653 6,772
Purchases of premises and equipment (3,501) (1,214)
Net cash received in acquisition    54,037
Net cash provided by investing activities 21,197 115,801
Cash Flows From Financing Activities    
Net increase in deposits and repurchase agreements 58,950 17,713
Repayments of borrowings, net    (92,081)
Cash dividends paid - common stock (1,353) (1,344)
Cash dividends paid - preferred stock (794) (813)
Proceeds from issuance of common stock 209 241
Repurchase of common stock (2)   
Net cash provided (used) by financing activities 57,010 (76,284)
Increase in cash and cash equivalents 77,174 45,018
Cash and cash equivalents, beginning of period 216,167 212,002
Cash and cash equivalents, end of period 293,341 257,020
Cash paid during the period for:    
Interest 5,054 6,269
Income taxes 5,275 8,200
Non-cash transactions:    
Unrealized gain on securities available for sale, net of taxes 161 107
Foreclosed loans transferred to other real estate $ 9,966 $ 19,441