XML 48 R44.htm IDEA: XBRL DOCUMENT v3.2.0.727
Restatement of Consolidated Statements of Cash Flows (Tables)
 6 Months Ended
Jun. 30, 2015
Accounting Changes and Error Corrections [Abstract]  
Schedule of Restatement of Consolidated Statements of Cash Flows
The Company has included the comparison of the as stated and restated amounts for the period ended June 30, 2014, herein.

 
Six Months Ended June 30,
 
2014
 
(Unaudited)
 
(Unaudited)
 
As Restated
 
As Reported
Operating Activities
 
 
 
Net loss
$
(52
)
 
$
(52
)
Adjustments to reconcile net loss to net cash used in operating activities:
 
 
 
Provision for loan losses
119

 
119

Representation and warranty provision
4

 
4

Depreciation and amortization
11

 
11

Loss on fair value of mortgage servicing rights
*

 
24

Loss on fair value of long-term debt
*

 
3

Deferred income taxes
(21
)
 
*

Changes in fair value of MSRs, DOJ litigation settlement liability and long-term debt
12

 
*

Premium, change in fair value, and other non-cash changes
(378
)
 
*

Net transaction costs on sales of mortgage servicing rights
*

 
(1
)
Net gain on investment securities
*

 
(1
)
Net gain on loan and asset sales
(107
)
 
(109
)
Net change in:
 
 
 
Proceeds from sales of loans held-for-sale ("HFS")
7,323

 
7,819

Origination and repurchase of loans, net of principal repayments
(10,565
)
 
(11,393
)
Decrease in repurchase loans with government guarantees, net of claims received
*

 
56

Increase in accrued interest receivable
(10
)
 
(10
)
Increase in other assets, excludes purchase of other investments
(17
)
 
(21
)
Increase in payable for mortgage repurchase option
*

 
2

Net charge-offs in representation and warranty reserve
(11
)
 
(11
)
Increase (decrease) in other liabilities
10

 
(6
)
Net cash used in operating activities
(3,682
)
 
(3,566
)
Investing Activities
 
 
 
Proceeds from sale of available-for-sale securities including loans that have been securitized
4,168

 
*

Proceeds received from sale of investment securities available-for-sale
*

 
4,025

Collection of principal on investment securities available-for-sale
69

 
*

Repayment of investment securities available-for-sale
*

 
69

Purchase of investment securities available-for-sale and other
(669
)
 
(669
)
Proceeds received from the sale of held-for-investment loans ("HFI")
35

 
*

Origination and purchase of loans HFI, net of principal repayments
(679
)
 
*

Net change from sales of loans held-for-investment
*

 
(282
)
Principal repayments net of origination of loans held-for-investment
*

 
(319
)
Proceeds from the disposition of repossessed assets
21

 
21

Acquisitions of premises and equipment, net of proceeds
(16
)
 
(16
)
Proceeds from the sale of mortgage servicing rights
104

 
88

Net cash provided by investing activities
3,033

 
2,917

Financing Activities
 
 
 
Net increase in deposit accounts
504

 
504

Net increase in Federal Home Loan Bank Advances
*

 
44

Proceeds from increases in Federal Home Loan Bank Advances
10,110

 
*

Repayment of Federal Home Loan Bank advances
(10,066
)
 
*

Repayment of trust preferred securities and long-term debt
(11
)
 
(11
)
Net receipt of payments of loans serviced for others
31

 
31

Net receipt of escrow payments
3

 
3

Net cash provided by financing activities
571

 
571

Net decrease in cash and cash equivalents
(78
)
 
(78
)
Beginning cash and cash equivalents
281

 
281

Ending cash and cash equivalents
$
203

 
$
203

Supplemental disclosure of cash flow information
 
 
 
Interest paid on deposits and other borrowings
$
14

 
$
14

Income tax payments
$
—

 
$
—

Non-cash reclassification of loans originated HFI to loans HFS
$
314

 
$
289

Non-cash reclassification of mortgage loans originated HFS to HFI
$
7

 
$
7

Non-cash reclassification of mortgage loans HFS to AFS securities
$
4,120

 
*

Mortgage servicing rights resulting from sale or securitization of loans
$
120

 
$
120

Loans held-for-investment transferred to repossessed assets
*

 
$
33

* Line item caption changes. Activity has been reported under a new caption.