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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 15,226 $ (17,320)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net amortization of premiums on investment securities 5,545 3,483
Provision for loan losses 8,820 17,216
Net gain on sales of mortgage loans 900 0
Gain (Loss) on Sale of Mortgage Loans (2,309) (3,201)
Other than temporary impairment of investments 0 116
Impairment of goodwill 0 [1] 4,944
Increase in cash surrender value of life insurance (473) (491)
Depreciation and amortization 2,028 2,149
Gain (loss) on sales and impairment of premises and equipment (22) 1,481
Net losses on sale and write downs of other real estate owned 4,595 2,891
Gain on sale of securities (1,648) (2,078)
Amortization of core deposit intangible 820 892
Deferred tax provision (8,987) 5,279
Stock based compensation expense 295 144
Originations of mortgage loans held-for-sale (100,516) (407,551)
Proceeds from sales of mortgage loans 108,393 447,370
Decrease in capital lease obligations (67) (28)
Decrease in accrued interest receivable 515 1,500
Decrease in other assets 4,246 6,224
Increase (decrease) in accrued interest payable (873) (621)
Increase in other liabilities (1,435) 45
NET CASH PROVIDED BY OPERATING ACTIVITIES 35,053 62,444
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale securities (73,767) (110,103)
Proceeds from sales of available-for-sale securities 35,444 89,111
Proceeds from maturities of available-for-sale securities 55,883 29,930
Net decrease in loans 52,550 94,863
Proceeds from the redemption of Federal Home Loan Bank stock 1,975 2,411
Purchases of premises and equipment (1,383) (2,823)
Proceeds from the sale of premises and equipment 37 106
Proceeds from the sale of other real estate owned 11,446 12,165
NET CASH PROVIDED BY INVESTING ACTIVITIES 82,185 115,660
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in checking, NOW, money market and savings accounts 7,167 37,799
Net decrease in time certificates (87,048) (274,093)
Net decrease in borrowed funds (3,240) (8,459)
Proceeds from the issuance of common stock 0 6,402
Preferred dividends paid (3,813) (616)
NET CASH USED IN FINANCING ACTIVITIES (86,934) (238,967)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 30,304 (60,863)
CASH AND CASH EQUIVALENTS:    
Beginning of year 92,918 229,780
End of year 123,222 168,917
SUPPLEMENTARY CASH FLOW INFORMATION:    
Cash paid for interest 18,317 21,285
Cash paid for income taxes 0 26
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Transfer from loans to foreclosed real estate 13,369 10,781
Unrealized gain on investment securities available-for-sale, net of tax effect $ 1,992 $ 4,513
[1] First nine months of 2012