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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net income (loss) $ 2,114 $ (806)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Stock-based compensation 144 129
Provision for loan losses 1,290 1,940
Accretion of acquisition discount on purchased loans (5,084) (3,567)
Depreciation 756 412
Amortization of core deposit intangible 226 109
Amortization of acquisition premium on time deposits (614) (484)
(Amortization) accretion of acquisition (premium) discount on long-term debt (9) 38
Gain on mortgage loan commitments 24 299
Gain on sales of loans held for sale (2,519) (1,706)
Originations of loans held for sale (42,264) (72,982)
Proceeds from sales of loans held for sale 42,288 82,456
Increase in cash surrender value of bank-owned life insurance (238) (162)
Deferred income taxes 1,681 (395)
Gain on sales of available for sale securities 0 (1,092)
Net amortization of premiums on available for sale securities 624 150
Net loss on disposal of foreclosed assets 20 0
Valuation adjustments on foreclosed assets 62 180
Gains from change in fair value of interest rate swaps 0 (48)
Change in assets and liabilities:    
Decrease in accrued interest receivable 756 1
(Increase) decrease in other assets 793 3,380
Decrease in accrued interest payable (445) (10)
Decrease in other liabilities (447) (5,822)
Net cash provided by (used in) operating activities (842) 2,020
Cash flows from investing activities    
Purchases of securities available for sale (9,542) (42,664)
Purchases of securities held to maturity (3,119) 0
Proceeds from maturities and repayments of securities available for sale 9,388 5,551
Proceeds from call of securities held to maturity 500 0
Proceeds from sales of securities available for sale 0 18,559
Loan originations and principal collections, net 10,986 (28,619)
Proceeds from sales of loans 409 0
Purchases of trade accounts receivable, net (21,037) 0
Purchases of premises and equipment (231) (946)
Proceeds from disposal of foreclosed assets 1,240 1,473
Proceeds from (purchases of) Federal Home Loan Bank stock 474 (75)
Net cash used in investing activities (10,932) (46,721)
Cash flows from financing activities    
Net increase (decrease) in deposits (16,751) 31,185
Repayments of short-term borrowings, net 0 (1,500)
Proceeds from issuance of long-term debt, net 50 9,000
Proceeds from issuance of common stock, net of issuance costs 44,466 0
Proceeds from exercise of stock options 99 99
Repurchase of preferred stock (42,849) 0
Dividends paid on preferred stock (577) (309)
Net cash provided by (used in) financing activities (15,562) 38,475
Net change in cash and cash equivalents (27,336) (6,226)
Cash and cash equivalents, beginning of period 100,779 50,463
Cash and cash equivalents, end of period 73,443 44,237
SUPPLEMENTAL DISCLOSURES:    
Interest 3,836 2,040
Income taxes 0 0
Noncash investing activities:    
Transfers of loans to foreclosed assets 309 568
Change in fair value of securities available for sale, net of tax 2,036 (711)
Change in fair value of cash flow hedge, net of tax $ (584) $ 56