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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 11,965 $ 8,017
Adjustments to net income:    
Depreciation and amortization expense 985 905
Provision for loan losses 145 2,728
Share-based compensation expense 96 204
Loss on sale and disposal of premises and equipment   63
Loss on sale of other real estate owned 341 340
Write down of other real estate owned 390 110
Amortization of premium/discounts on securities held for sale, net 627 545
Amortization of loan mark-to-market discount (1,570) (1,174)
Gain on sale of loans held for sale (80)  
Gain on sale of investment securities available for sale (1,031) (1,325)
Other-than-temporary impairment loss on investment securities, net 118 538
Loss on sale of loans held for investment 111 2,445
Purchase and origination of loans held for sale (11,005)  
Recoveries on loans 198 96
Proceeds from the sales of and principal payments from loans held for sale 6,225  
Gain on FDIC transaction (5,340) (4,189)
Deferred income tax provision 2,755 178
Change in accrued expenses and other liabilities, net 1,106 (2,850)
Income from bank owned life insurance, net (385) (373)
Change in accrued interest receivable and other assets, net (5,577) 5,006
Net cash provided by operating activities 74 11,264
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale and principal payments on loans held for investment 142,907 92,490
Net change in undisbursed loan funds 71,304 17,790
Purchase and origination of loans held for investment (267,805) (136,909)
Proceeds from sale of other real estate owned 9,663 12,898
Principal payments on securities available for sale 13,033 12,047
Purchase of securities available for sale (96,438) (43,140)
Proceeds from sale or maturity of securities available for sale 86,919 92,667
Purchases of premises and equipment (1,233) (2,656)
Redemption of Federal Reserve Bank stock 63 155
Redemption of Federal Home Loan Bank of San Francisco stock 1,611 1,519
Cash acquired in FDIC transaction 39,491 26,389
Net cash provided by (used in) investing activities (485) 73,250
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposit accounts (48,589) (66,540)
Repayment of FHLB advances and other borrowings   (40,000)
Proceeds from FHLB advances 47,000  
Proceeds from exercise of stock options 110 32
Warrants purchased and retired   (3,660)
Repurchase of common stock (102)  
Net cash used in financing activities (1,581) (110,168)
NET DECREASE IN CASH AND CASH EQUIVALENTS (1,992) (25,654)
CASH AND CASH EQUIVALENTS, beginning of period 60,235 63,462
CASH AND CASH EQUIVALENTS, end of period 58,243 37,808
SUPPLEMENTAL CASH FLOW DISCLOSURES    
Interest paid 5,549 7,396
Income taxes paid 6,075 2,595
Assets acquired (liabilities assumed) in FDIC transaction (See Note 3):    
Investment securities 101 14,076
Federal Reserve Bank and FHLB Stock 1,390  
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 3,151 4,207
Investment securities available for sale purchased and not settled   $ 358