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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 7,147 $ 81,872
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization of leasehold improvement 1,887 2,147
Change in fair value of mortgage servicing rights 761 (81)
Loan loss reserve release 2,000 6,050
Gain on recapture of restricted stock   (612)
Provision for deferred tax expense (benefit) 4,063 (70,161)
Originations of loans held-for-sale (85,172) (151,601)
Proceeds from sales of loans held-for-sale 87,569 160,966
Net gain on sales of mortgage loans (2,614) (4,601)
Change in current income taxes payable (79) (101)
Increase in cash surrender value of bank-owned life insurance (1,028) (1,198)
Death claim on bank owned life insurance   396
Change in accrued interest receivable and other assets (3,633) (334)
Change in accrued interest payable and other liabilities (22,108) 4,341
Net discount accretion on securities (1,408) (131)
Securities gains, net (1,457) (2,191)
Amortization of core deposit 1,177 1,574
Stock based compensation 189 123
Net gain on sale of other real estate owned (610) (1,175)
Provision for other real estate owned losses 2,781 6,537
Net gain on disposal of fixed assets   (5)
Loss on transfer of premises to other real estate owned 121  
Net cash (used in) provided by operating activities (14,414) 19,715
Cash flows from investing activities    
Proceeds from maturities and calls including pay down of securities available-for-sale 15,430 38,175
Proceeds from sales of securities available-for-sale 264,502 484,112
Purchases of securities available-for-sale (268,639) (564,372)
Proceeds from maturities and calls including pay down of securities held-to-maturity 5,934 541
Purchases of securities held-to-maturity (11,212) (21,382)
Proceeds from sales of Federal Home Loan Bank stock 1,234 910
Net change in loans (53,037) 49,885
Improvements in other real estate owned (637) (60)
Proceeds from sales of other real estate owned 12,746 32,103
Proceeds from disposition of fixed assets 1 6
Net purchases of premises and equipment (721) (1,538)
Net cash (used in) provided by investing activities (34,399) 18,380
Cash flows from financing activities    
Net change in deposits (25,373) (44,096)
Net change in securities sold under repurchase agreements 6,878 2,844
Net change in other short-term borrowings 35,000 (45,000)
Redemption of preferred stock (24,321)  
Proceeds from issuance of common stock 64,395  
Dividends paid (11,323)  
Purchase of treasury stock (46) (278)
Net cash provided by (used in) financing activities 45,210 (86,530)
Net change in cash and cash equivalents (3,603) (48,435)
Cash and cash equivalents at beginning of period 47,660 128,507
Cash and cash equivalents at end of period 44,057 80,072
Supplemental cash flow information    
Income taxes paid (received)   266
Interest paid for deposits 4,412 6,144
Interest paid for borrowings 21,425 656
Non-cash transfer of loans to other real estate owned 11,460 14,196
Non-cash transfer of premises to other real estate owned 2,160  
Non-cash transfer of loans to securities available-for-sale   5,329
Non-cash transfer of securities available-for-sale to securities held-to-maturity   237,154
Change in dividends accrued and declared but not paid (9,123) 510
Accretion on preferred stock warrants 58 798
Fair value difference on recapture of restricted stock   $ 43