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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 8,503 $ 5,557
Adjustments to net income:    
Depreciation and amortization expense 642 561
Provision for loan losses   1,406
Share-based compensation expense 27 196
Loss on sale and disposal of premises and equipment   63
Loss on sale of other real estate owned 305 21
Write down of other real estate owned 302  
Amortization of premium/discounts on securities held for sale, net 378 389
Amortization of loan mark-to-market discount (1,048) (807)
Gain on sale of loans held for sale (10)  
Gain on sale of investment securities available for sale (174) (480)
Other-than-temporary impairment loss on investment securities, net 82 368
Loss on sale of loans held for investment   2,461
Purchase and origination of loans held for sale (2,995)  
Recoveries on loans 95  
Proceeds from the sales of and principal payments from loans held for sale 595  
Gain on FDIC transaction (5,340) (4,189)
Deferred income tax provision 3,413 265
Change in accrued expenses and other liabilities, net (159) (3,695)
Income from bank owned life insurance, net (263) (260)
Change in accrued interest receivable and other assets, net (1,364) 4,152
Net cash provided by operating activities 2,989 6,008
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale and principal payments on loans held for investment 92,770 49,386
Net change in undisbursed loan funds 57,361 11,096
Purchase and origination of loans held for investment (143,900) (58,938)
Proceeds from sale of other real estate owned 5,315 9,626
Principal payments on securities available for sale 7,505 8,977
Purchase of securities available for sale (70,467) (19,612)
Proceeds from sale or maturity of securities available for sale 44,151 43,141
Purchases of premises and equipment (252) (2,471)
Redemption of Federal Reserve Bank stock 63 155
Redemption of Federal Home Loan Bank of San Francisco stock 1,058 1,009
Cash acquired in FDIC transaction 39,491 26,389
Net cash provided by investing activities 33,095 68,758
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposit accounts (31,268) (47,568)
Repayment of FHLB advances and other borrowings   (40,000)
Proceeds from exercise of stock options 23 32
Warrants purchased and retired   (3,660)
Repurchase of common stock (102)  
Net cash used in financing activities (31,347) (91,196)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 4,737 (16,430)
CASH AND CASH EQUIVALENTS, beginning of period 60,235 63,462
CASH AND CASH EQUIVALENTS, end of period 64,972 47,032
SUPPLEMENTAL CASH FLOW DISCLOSURES    
Interest paid 3,827 5,030
Income taxes paid 3,775 2,445
Assets acquired (liabilities assumed) in FDIC transaction (See Note 3):    
Investment securities 101 12,753
FRB and FHLB Stock 1,390 1,323
FDIC receivable 167 2,838
Loans 63,773 149,739
Core deposit intangible 840 2,270
Other real estate owned 11,533 11,953
Fixed assets   42
Other assets 3,656 1,599
Deposits (115,582) (204,678)
Other liabilities (29) (39)
NONCASH INVESTING ACTIVITIES DURING THE PERIOD    
Transfers from loans to other real estate owned 2,497 2,107
Investment securities available for sale purchased and not settled $ 10,460 $ 5,083