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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income (loss)$ 2,238$ (8,517)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:  
Depreciation and amortization9181,185
Amortization of premium on securities, net1,171792
Amortization of core deposit intangible109109
Provision for loan losses2,6508,200
Net losses on sale and write-down of other real estate owned2,0024,879
Gain on sale of loans(957)(190)
Gain on sales of securities(849) 
Loss on sale of premises and equipment153147
Stock-based compensation expense105137
Effect of changes in:  
Accrued interest receivable264(130)
Other assets(1,019)416
Accrued interest payable and other liabilities3,9581,777
Net cash provided by operating activities10,7438,805
CASH FLOWS FROM INVESTING ACTIVITIES:  
Purchases of available-for-sale securities(60,540)(133,083)
Proceeds from sales/maturities/calls of available-for-sale securities60,48839,843
Proceeds from maturities/calls of held-to-maturity securities 2
Purchases of FHLB and FRB stock and other securities(903)(301)
Net decrease in loans30,80237,962
Proceeds from sales of other real estate owned10,7855,507
Purchases of premises and equipment(430)(207)
Net cash provided by (used in) investing activities40,202(50,277)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Net increase (decrease) in deposits15,618(22,156)
Proceeds from issuance of preferred stock, net of costs 37,500
Net cash provided by financing activities15,61815,344
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS66,563(26,128)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD23,63467,628
CASH AND CASH EQUIVALENTS, END OF PERIOD90,19741,500
Cash paid during the year for:  
Interest3,0325,714
Income taxes paid46 
Noncash investing and financing activities:  
Net change in unrealized gain on available-for-sale investment securities4,4291,890
Transfer from loans to other real estate owned7,89116,859
Conversion of preferred stock to common stock $ 37,500