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Consolidated Statements of Cash Flows (Restated) (unaudited) (USD $)
In Thousands
3 Months Ended6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Dec. 31, 2010
Jun. 30, 2010
Cash Flows From Operating Activities:     
Net (loss) income$ (6,349)$ 515$ (5,993)$ (5,396)$ 957
Adjustments to reconcile net income: to cash provided by operating activities:     
Provision for credit losses9,16151910,051 2,150
Depreciation and amortization  907 1,133
Accretion of investment securities  (31) (3)
Decrease in accrued interest receivable  112 219
Decrease in accrued interest payable  (62) (142)
(Decrease) increase in unearned fees  (224) (128)
Decrease in income taxes payable  (3,539) (999)
Stock-based compensation expense  10 20
Decrease (increase) in accounts payable and accrued liabilities  615 (246)
Loss (gain) on sale of other real estate owned324(164)44 (108)
(Gain) loss on sale of investment securities0(70)0 (70)
Impairment loss on other real estate owned4384051,122 1,226
Impairment loss on core deposit intangible0036 57
Impairment loss on investment securities04580 702
Impairment loss on goodwill1,4891,4141,489 1,414
Gain on proceeds from life insurance  0 (174)
Increase in surrender value of life insurance  (264) (255)
Loss (gain) on fair value option of financial liabilities(222)(467)145 (624)
Loss on tax credit limited partnership interest103106209 212
Net decrease in other assets  202 (50)
Net cash provided by operating activities  4,829 5,291
Cash Flows From Investing Activities:     
Net decrease (increase) in interest-bearing deposits with banks  2,127 1,833
Redemption of correspondent bank stock  299 153
Purchases of available-for-sale securities  (6,546) (10,160)
Maturities and calls of available-for-sale securities  8,014 8,495
Proceeds from sales of available-for-sale securities  0 14,701
Proceeds from life insurance settlement  0 846
Net decrease (increase) in loans  3,653 4,909
Investment in limited partnership  46 0
Net proceeds from settlement of other real estate owned  2,982 5,299
Capital expenditures for premises and equipment  (553) (217)
Net cash provided by investing activities  10,022 25,859
Cash Flows From Financing Activities:     
Net increase in demand deposits and savings accounts  30,263 10,917
Net (decrease) increase in certificates of deposit  (40,170) 11,180
Decrease in other borrowings  (7,000) (3,000)
Proceeds from note payable  0 75
Net cash (used in) provided by financing activities  (16,907) 19,172
Net (decrease) increase in cash and cash equivalents  (2,056) 50,322
Cash and cash equivalents at beginning of period  98,43079,55129,229
Cash and cash equivalents at end of period$ 96,374$ 79,551$ 96,374$ 98,430$ 79,551