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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
Cash Flows from Operating Activities:      
Net income (loss) $ 15,268 $ 13,383 $ (14,617)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Provision for loan losses 550 6,050 24,500
Goodwill impairment of banking operations 0 0 13,376
Goodwill impairment of discontinued operations 0 0 11,160
Net amortization and accretion 3,142 1,714 798
(Gain) loss on disposition of premises and equipment (8) (2) 7
Securities gains, net 0 (40) (1,884)
Investment securities impairment losses 99 305 2,612
Gain on sale of loans (1,321) (1,447) (1,065)
Proceeds from sales of loans held for sale 71,273 73,334 72,299
Originations of loans held for sale (69,545) (76,051) (70,548)
Gain on sale of other real estate owned (339) (388) (27)
Write-down of other real estate owned 3,109 1,621 133
Gain from bank-owned life insurance (637) (422) (840)
Increase in value of bank-owned life insurance (884) (869) (776)
Depreciation 612 582 688
Deferred income taxes (benefits) 731 639 (7,261)
Other 0 0 (1,594)
Change in assets and liabilities:      
Decrease in accrued interest receivable 776 543 913
Decrease (increase) in other assets 3,066 5,669 (9,026)
Increase (decrease) in accrued expenses and other liabilities 138 463 (2,142)
Net cash provided by operating activities - continuing operations 26,030 25,084 16,706
Net cash provided by operating activities - discontinued operations 0 0 905
Net cash provided by operating activities 26,030 25,084 17,611
Cash Flows from Investing Activities:      
Proceeds from sales, calls, and maturities of securities available for sale 84,726 299,728 191,468
Purchases of securities available for sale (109,323) (214,710) (350,186)
Purchases of Federal Home Loan Bank stock (879) (1,385) (2,617)
Proceeds from redemption of Federal Home Loan Bank stock 738 965 0
Net change in loans 46,101 125,541 35,022
Net proceeds from sales of other real estate owned 6,141 5,400 5,083
Proceeds from sales of premises and equipment 51 9 2
Purchases of premises and equipment (981) (368) (1,348)
Proceeds of principal and earnings from bank-owned life insurance 1,192 1,296 1,493
Net cash provided by (used in) investing activities - continuing operations 27,766 216,476 (121,083)
Net cash used in investing activities - discontinued operations 0 0 (20)
Net cash provided by (used in) investing activities 27,766 216,476 (121,103)
Cash Flows from Financing Activities:      
Net increase (decrease) in deposits (14,699) (274,545) 91,485
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 3,746 11,753 (52,769)
Net increase (decrease) in other short-term borrowings (2,914) 361 2,308
Principal payments on long-term borrowings 0 (20,000) 0
Common stock dividends paid (2,959) (870) (1,566)
Preferred stock dividends paid (1,120) (1,800) (1,575)
Redemption of preferred stock (36,000) 0 0
Repurchase of common stock warrant (700) 0 0
Preferred stock issuance costs 0 0 (65)
Net cash provided by (used in) financing activities - continuing operations (54,646) (285,101) 37,818
Net cash provided by financing activities - discontinued operations 0 0 200
Net cash provided by (used in) financing activities (54,646) (285,101) 38,018
Net (decrease) increase in cash and cash equivalents (850) (43,541) (65,474)
Cash and Cash Equivalents:      
Beginning 87,954 131,495 196,969
Ending 87,104 87,954 131,495
Supplemental Disclosure of Cash Flow Information:      
Interest 12,383 19,579 28,879
Income taxes 4,784 2,043 2,276
Supplemental Disclosure of Noncash Investing and Financing Activities:      
Transfer of loans to other real estate owned 1,763 7,188 26,188
Transfer of other real estate owned to loans 674 6,655 0
Sale of WB Capital Management Inc. in exchange for a note receivable $ 0 $ 0 $ 2,000