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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows From Operating Activities:    
Net income (loss) $ 3,492 $ (4,953)
Adjustments reconciling net income (loss) to net cash provided by operating activities:    
Depreciation 2,168 1,742
Net gains on sale or disposal of premises and equipment (139) (397)
Net losses or write-downs on sale of other real estate owned 3,570 5,048
Provision for loan losses 16,158 29,378
Gain on acquisitions   (8,208)
Amortization of intangible assets 505 457
Net gains on securities available for sale (238) (200)
Change in other prepaids, deferrals and accruals, net (15,659) (1,282)
Net cash provided by operating activities 9,857 21,585
Cash Flows From Investing Activities:    
Net (increase)/decrease in federal funds sold and interest bearing deposits 42,932 (19,712)
Proceeds from maturities of securities available for sale 37,430 51,596
Purchase of securities available for sale (85,556) (37,857)
Proceeds from sales of securities available for sale 39,388 6,145
Net decrease in loans 33,819 37,232
Proceeds from sales of other real estate owned 21,361 15,983
Proceeds from sales of premises and equipment 1,105 1,584
Purchases of premises and equipment (2,459) (2,000)
Decrease in FDIC indemnification asset 16,260 9,061
Cash paid in FDIC-assisted acquisition   (35,657)
Net cash provided by investing activities 104,280 26,375
Cash Flows From Financing Activities:    
Net decrease in deposits (24,063) (118,884)
Net decrease in securities sold under agreements to repurchase (51,048) (37,654)
Decrease in other borrowings (43,495) (2,000)
Dividends paid - preferred shares (1,305) (1,308)
Issuance of common stock   85,270
Net cash used in financing activities (119,911) (74,576)
Net decrease in cash and due from banks (5,774) (26,616)
Cash and due from banks at beginning of period 74,326 81,060
Cash and due from banks at end of period $ 68,552 $ 54,444