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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, 2013
Jun. 30, 2012
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 9,458 $ 14,469  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Net amortization of premiums on investment securities 3,674 3,677  
Provision for loan losses 292 4,569  
Gain (Loss) on Sale of Mortgage Loans (4,148) (2,183)  
Provisions for mortgage loans sold (1,295) 0  
Other than temporary impairment of investments 39 0  
Impairment of goodwill 0 [1]   4,944
Increase in cash surrender value of life insurance (303) (314)  
Depreciation and amortization 1,333 1,383  
Gain (loss) on sales and impairment of premises and equipment 0 (22)  
Net losses on sale and write downs of other real estate owned (1,220) 3,320  
Gain on sale of securities (276) (300)  
Amortization of core deposit intangible 353 553  
Deferred tax provision 5,340 (9,428)  
Stock based compensation expense 253 164  
Originations of mortgage loans held-for-sale (151,200) (137,242)  
Proceeds from sales of mortgage loans 160,482 135,059  
Decrease in capital lease obligations (22) (57)  
Decrease in accrued interest receivable (170) 233  
Decrease in other assets (1,587) 2,559  
Increase (decrease) in accrued interest payable (630) 202  
Increase in other liabilities (1,592) 988  
NET CASH PROVIDED BY OPERATING ACTIVITIES 18,781 17,630  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of available-for-sale securities (80,948) (49,628)  
Proceeds from sales of available-for-sale securities 25,580 5,544  
Proceeds from maturities of available-for-sale securities 56,410 32,621  
Net decrease in loans (11,043) 58,349  
Proceeds from the redemption of Federal Home Loan Bank stock 681 1,500  
Purchases of premises and equipment (1,909) (825)  
Proceeds from the sale of premises and equipment 15 38  
Proceeds from the sale of other real estate owned 9,414 7,647  
NET CASH PROVIDED BY INVESTING ACTIVITIES (1,800) 55,246  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in checking, NOW, money market and savings accounts 40,684 1,786  
Net decrease in time certificates (149,249) (59,765)  
Net decrease in borrowed funds (13,241) (6,228)  
Payments for Repurchase of Common Stock (39) 0  
Preferred dividends paid (704) 0  
Payments for Repurchase of Warrants (20) 0  
NET CASH USED IN FINANCING ACTIVITIES (122,569) (64,207)  
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (105,588) 8,669  
CASH AND CASH EQUIVALENTS:      
Beginning of year 138,396 92,918  
End of year 32,808 101,587 32,808
SUPPLEMENTARY CASH FLOW INFORMATION:      
Cash paid for interest 6,402 15,067  
Cash paid for income taxes 0 0  
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Transfer from loans to foreclosed real estate 3,268 11,574  
Unrealized gain on investment securities available-for-sale, net of tax effect $ (5,126) $ 593  
[1] First six months of 2013