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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended 36 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 14,469 $ (20,999)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Net amortization of premiums on investment securities 3,677 2,298  
Provision for loan losses 4,569 15,260  
Net gain on sales of mortgage loans (2,183) (2,078)  
Other than temporary impairment of investments 0 42  
Impairment of goodwill 0 [1] 4,944 66,510
Increase in cash surrender value of life insurance (314) (324)  
Depreciation and amortization 1,383 1,449  
Gain (loss) on sales and impairment of premises and equipment (22) 1,195  
Net losses on sale and write downs of other real estate owned 3,320 2,119  
Gain on sale of securities (300) (602)  
Amortization of core deposit intangible 553 603  
Deferred tax provision (9,427) 4,036  
Stock based compensation expense 164 90  
Originations of mortgage loans held-for-sale (137,242) (363,246)  
Proceeds from sales of mortgage loans 135,059 388,007  
Decrease in capital lease obligations (57) (18)  
Decrease in accrued interest receivable 233 881  
Decrease in other assets 2,558 4,001  
Increase (decrease) in accrued interest payable 202 (554)  
Increase in other liabilities 988 1,745  
NET CASH PROVIDED BY OPERATING ACTIVITIES 17,630 38,849  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of available-for-sale securities (49,628) (76,754)  
Proceeds from sales of available-for-sale securities 5,544 39,094  
Proceeds from maturities of available-for-sale securities 32,621 20,168  
Net decrease in loans 58,349 71,450  
Proceeds from the redemption of Federal Home Loan Bank stock 1,500 1,602  
Purchases of premises and equipment (825) (1,830)  
Proceeds from the sale of premises and equipment 38 0  
Proceeds from the sale of other real estate owned 7,647 8,880  
NET CASH PROVIDED BY INVESTING ACTIVITIES 55,246 62,610  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in checking, NOW, money market and savings accounts 1,786 14,215  
Net decrease in time certificates (59,765) (208,827)  
Net decrease in borrowed funds (6,228) (13,244)  
Proceeds from the issuance of common stock 0 6,402  
Preferred dividends paid 0 (616)  
NET CASH USED IN FINANCING ACTIVITIES (64,207) (202,070)  
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 8,669 (100,611)  
CASH AND CASH EQUIVALENTS:      
Beginning of year 92,918 229,780  
End of year 101,587 129,169 101,587
SUPPLEMENTARY CASH FLOW INFORMATION:      
Cash paid for interest 15,067 15,186  
Cash paid for income taxes 0 26  
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Transfer from loans to foreclosed real estate 11,574 7,463  
Unrealized gain on investment securities available-for-sale, net of tax effect $ 778 $ 2,622  
[1] First six months of 2012