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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
Operating Activities      
Net income (loss) $ 289 $ (4,337) $ (1,898)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Provision for loan losses 20,592 21,000 12,425
Provision for depreciation and amortization 6,476 6,142 5,517
Deferred income tax (benefit) expense (1,511) (4,772) 1,667
Amortization of securities premiums and accretion of discounts (net) 2,506 122 416
Gains on sales/calls of securities (net) (350) (2,801) (1,571)
Other-than-temporary impairment losses on investment securities 324 962 2,341
Proceeds from sales and transfers of SBA loans originated for sale 12,063 30,573 0
Proceeds from sales of other loans originated for sale 52,492 65,892 152,668
Loans originated for sale (52,581) (98,994) (123,686)
Gains on sales of loans originated for sale (2,728) (2,434) (546)
Loss on write-down on foreclosed real estate 2,060 860 272
(Gains) losses on sales of foreclosed real estate (net) (116) (51) 18
Loss on disposal of furniture and equipment 1,254 89 839
Stock-based compensation 1,250 1,244 1,439
Amortization of deferred loan origination fees and costs (net) 2,069 1,928 2,092
Debt Prepayment Charge 75 1,574 0
Decrease (increase) in other assets 15,437 (6,856) (8,221)
(Decrease) increase in other liabilities (11,679) (1,392) 14,982
Net cash provided by operating activities 47,922 8,749 58,754
Securities available for sale:      
Proceeds from principal repayments, calls and maturities 79,695 153,786 98,557
Proceeds from sales 125,299 292,899 46,125
Purchases (368,537) (485,985) (183,303)
Securities held to maturity:      
Proceeds from principal repayments, calls and maturities 87,074 64,481 56,485
Proceeds from sales 852 3,327 3,404
Purchases (57,059) (177,535) (25,000)
Proceeds from sales of loans receivable 0 0 5,782
Proceeds from sales of foreclosed real estate 2,930 3,513 2,108
(Increase) decrease in loans receivable (net) (85,458) 45,505 (45,376)
Redemption of restricted investment in bank stock (net) 3,812 1,016 0
Proceeds from sale of premises and equipment 2 25 19
Purchases of premises and equipment (1,684) (638) (13,095)
Net cash used by investing activities (213,074) (99,606) (54,294)
Financing Activities      
Increase in demand, interest checking, money market, and savings deposits (net) 281,381 17,505 139,620
(Decrease) increase in time deposits (net) (41,986) (59) 41,128
(Decrease) increase in short-term borrowings (net) (75,475) 89,400 (249,050)
Repayment of long-term borrowings (5,275) (26,574) (25,000)
Proceeds from long-term borrowings 25,000 0 0
Proceeds from common stock options exercised 0 78 633
Proceeds from dividend reinvestment and common stock purchase plan 3,802 3,156 1,174
Proceeds from issuance of common stock in connection with stock offering 0 0 77,792
Tax benefit on exercise of stock options 0 25 76
Cash dividends on preferred stock (80) (80) (80)
Net cash provided (used) by financing activities 187,367 83,451 (13,707)
Increase (decrease) in cash and cash equivalents 22,215 (7,406) (9,247)
Cash and cash equivalents at beginning of year 32,858 40,264 49,511
Cash and cash equivalents at end of period 55,073 32,858 40,264
Supplementary cash flow information on noncash activities:      
Transfer of loans to foreclosed assets $ 5,336 $ 3,372 $ 9,348