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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 $ 7,178 $ 2,920
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 268 249
Provision for loan losses 1,450  
Net amortization of premium on securities 183 322
Net gains on sales of securities available for sale (1,186) (40)
Net gains on sales of loans held for sale (13,995) (1,621)
Net mark to market on mortgage loans held for sale (6,352)  
Proceeds from sales and principal reductions of mortgage loans held for sale 362,595 122,969
Originations and purchases of mortgage loans held for sale (424,540) (127,913)
Repurchases of mortgage loans held for sale (864)  
Other than temporary impairment on securities available for sale 77 115
Net amortization of deferred fees and unearned income on loans (270) (349)
Net gain on sales of other real estate owned (111) (206)
Net gain on sale of fixed assets (25) (18)
Write down of other real estate owned 429 376
Stock-based compensation expense 207 128
Net increase in deferred taxes (6,369)  
Changes in operating assets and liabilities:    
Net (increase) decrease in accrued interest receivable (103) 294
Net (increase) decrease in other assets (2,730) (2,262)
Net decrease in income taxes receivable 159 7,654
Net increase accrued interest payable 175 185
Net increase in other liabilities 3,377 (164)
Net cash (used in) provided by operating activities (80,447) 2,639
Cash Flows From Investing Activities:    
Net (increase) decrease in interest-bearing time deposits with financial institutions (130) 460
Maturities of and principal payments received for securities available for sale and other stock 22,085 6,811
Purchase of securities available for sale and other stock (107,357)  
Proceeds from sale of securities available for sale and other stock 135,619 39,451
Proceeds from sale of other real estate owned 6,000 8,430
Capitalized cost of other real estate owned (337) (155)
Net (increase) decrease in loans (48,191) 18,002
Net increase in loans held for sale (990)  
Purchases of premises and equipment (574) (139)
Proceeds from sales of loans   1,586
Net gain on sales of loans   (55)
Proceeds from sale of premises and equipment 36 18
Net cash provided by investing activities 6,161 74,409
Cash Flows From Financing Activities:    
Proceeds from sale of common stock 24,591  
Net (decrease) increase in deposits (5,041) 26,368
Net increase (decrease) in borrowings 20,000 (59,000)
Proceeds from exercise of stock options 1  
Proceeds from sale of stock purchase warrants 44  
Net cash provided by (used in) financing activities 39,595 (32,632)
Net (decrease) increase in cash and cash equivalents (34,691) 44,416
Cash and Cash Equivalents, beginning of period 96,467 32,678
Cash and Cash Equivalents, end of period 61,776 77,094
Supplementary Cash Flow Information:    
Cash paid for interest on deposits and other borrowings 4,329 5,535
Cash paid for income taxes 318 815
Non-Cash Investing Activities:    
Net increase (decrease) increase in net unrealized losses and prior year service cost on supplemental employee retirement plan, net of tax 18 (37)
Net change in net unrealized gains and losses on securities held for sale, net of income tax 1,053 1,597
Transfer of loans into other real estate owned   416
Transfer of loans held for sale to loans held for investment 6,788 1,586
Mark to market loss adjustment of equity securities $ 173 $ 39