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Consolidated Statements of Cash Flows - Unaudited (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows From Operating Activities    
Net income (loss) $ 9,616 $ (1,531)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Provision for loan and lease losses 4,538 5,650
Provision for depreciation and amortization 687 614
Stock-based compensation 1,266 329
Deferred taxes 188 0
Net amortization (accretion) of investment securities premiums and discounts 193 (28)
Gain on sale of investment securities (9,006) 0
Gain on sale of loans (339) (78)
Origination of loans held for sale (1,359,676) (1,080,828)
Proceeds from the sale of loans held for sale 1,251,140 1,105,798
Increase in FDIC loss sharing receivable (741) (1,709)
Amortization (accretion) of fair value discounts 46 (311)
Net loss on sale of other real estate owned 601 0
Impairment charges on other real estate owned 0 197
Change in investment in bank-owned life insurance (633) (864)
Decrease (increase) in accrued interest receivable and other assets 471 (56)
Decrease in accrued interest payable and other liabilities (3,185) (2,143)
Net Cash Provided by Operating Activities (104,834) 25,040
Cash Flows from Investing Activities    
Proceeds from maturities, calls and principal repayments of investment securities available for sale 23,543 10,447
Proceeds from sales of investment securities available for sale 306,610 0
Purchases of investment securities available for sale (108,249) (49,961)
Purchases of investment securities held to maturity 0 (396,847)
Proceeds from maturities, calls and principal repayments of investment securities held to maturity 50,968 15,071
Net increase in loans (312,624) (59,885)
Proceeds from sale of SBA loans 3,689 1,465
Proceeds from bank-owned life insurance 0 192
Purchases of bank-owned life insurance (10,000) 0
Proceeds from redemption (purchases of) restricted stock 1,693 (10,040)
Reimbursements from the FDIC on loss sharing agreements 1,442 5,777
Purchases of bank premises and equipment (1,558) (544)
Proceeds from sales of other real estate owned 4,022 5,079
Net Cash Used in Investing Activities (40,464) (479,246)
Cash Flows from Financing Activities    
Net increase in deposits 346,780 160,663
Net (decrease) increase in short-term borrowed funds (153,000) 141,000
Proceeds from issuance of Common stock 0 15,527
Net Cash Provided by Financing Activities 193,780 317,190
Net Increase (Decrease) in Cash and Cash Equivalents 48,482 (137,016)
Cash and Cash Equivalents - Beginning 73,570 238,724
Cash and Cash Equivalents - Ending 122,052 101,708
Supplementary Cash Flows Information    
Interest paid 10,916 11,344
Income taxes paid 4,855 2,816
Non- cash items:    
Transfer of loans to other real estate owned 4,941 3,948
Transfer of held to maturity investments to available for sale $ 268,671 $ 0