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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 27,115 $ (7,239) $ (5,723)
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation, amortization, net of discount accretion 8,687 10,977 5,006
Stock-based compensation expense 103 376 1,492
Provision for loan losses 27,939 84,630 61,023
Valuation adjustment of a loan held for sale 35 0 0
Valuation adjustment of OREO 1,022 2,155 2,276
Proceeds from sales of loans 105,602 110,885 25,429
Originations of loans held for sale (64,752) (46,045) (5,221)
Deferred gain on transfer of assets 0 (1,166) 0
Net gains on sales of SBA and other loans (7,387) (5,768) (1,422)
Net gains on sales and calls of securities available for sale (1,289) (6,396) (4,427)
Net (gains) losses on sales of OREO (193) 605 320
Net valuation losses on interest rate swaps and caps 114 857 446
Increase in cash surrender value on bank owned life insurance (788) (546) (222)
Tax benefits from stock options exercised 139 32 (489)
Change in investments in affordable housing partnership 1,068 1,008 (3,060)
Change in FDIC loss share receivable 33 0 0
Change in accrued interest receivable 457 2,613 (3,093)
Change in deferred income taxes 8,696 (7,910) (6,372)
Change in FDIC insurance prepayment 4,219 5,509 (14,148)
Change in other assets (6,803) 2,110 1,464
Change in accrued interest payable (2,122) (7,844) 4,125
Change in other liabilities (5,313) (3,072) (363)
Net cash provided by operating activities 96,582 135,771 57,041
CASH FLOWS FROM INVESTING ACTIVITIES      
Net change in loans receivable (245,979) (100,783) (167,651)
Purchase of premises and equipment (1,168) (2,973) (1,650)
Purchase of securities available for sale (236,033) (190,577) (787,755)
Proceeds from disposition of equipment 0 2 0
Proceeds from sales of OREO 4,847 10,363 5,162
Proceeds from sales of securities available for sale 139,458 208,142 239,734
Proceeds from matured or called, or paid down securities available for sale 183,945 235,063 160,189
Proceeds from sale of term federal funds 10,000 0 0
Purchase of Federal Reserve Bank stock 0 (1,968) (2,079)
Redemption of Federal Home Loan Bank stock 2,875 2,218 0
Redemption of Federal Reserve Bank stock 6,367 0 0
Net cash received from merger 325,993 0 0
Net cash provided by / (used in) investing activities 190,305 159,487 (554,050)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net change in deposits (62,628) (258,076) 495,587
Net change in other borrowings (12,541) 11,758 0
Repayments of FHLB borrowings (140,982) (35,000) (50,000)
Proceeds from FHLB borrowings 0 35,000 50,000
Issuance of additional common stock 59,869 0 81,972
Issuance of additional stock pursuant to various stock plans 524 1,150 0
Payments of cash dividends (3,350) (3,351) (4,015)
Net cash provided by / (used in) financing activities (159,108) (248,519) 573,544
NET INCREASE IN CASH AND CASH EQUIVALENTS 127,779 46,739 76,535
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 172,331 125,592 49,057
CASH AND CASH EQUIVALENTS, END OF YEAR 300,110 172,331 125,592
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Interest paid 30,388 49,896 61,574
Income taxes paid (refund) 17,867 (1,458) (4,671)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTMENT ACTIVITIES      
Transfer from loans receivable to other real estate owned 8,078 12,660 6,833
Transfer from loans receivable to loans held for sale 31,471 80,077 13,721
Reduction of common stock warrants 0 0 (2,383)
Center Merger:      
Assets acquired 2,251,884 0 0
Liabilities assumed (1,993,014) 0 0
Issuance of 55,000 shares of a new series of the preferred stock to the Treasury Department's TARP Capital Purchase Program $ (54,158) $ 0 $ 0