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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities  
Net loss$ (3,497)$ (32,025)
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation3,1583,450
Amortization of leasehold improvement2128
Change in market value of mortgage servicing rights1,1441,448
Loss on transfer of mortgage servicing rights 68
Provision for loan losses7,50075,668
Provision for deferred tax benefit (17,107)
Originations of loans held-for-sale(152,925)(236,864)
Proceeds from sales of loans held-for-sale157,276242,090
Net gain on sales of mortgage loans(3,667)(6,716)
Change in current income taxes payable5,7499,250
Increase in cash surrender value of bank-owned life insurance(1,130)(1,210)
Death claim on bank owned life insurance 893
Change in accrued interest receivable and other assets(1,681)(2,623)
Change in accrued interest payable and other liabilities(433)3,379
Net premium amortization on securities117360
Securities gains, net(588)(2,374)
Amortization of core deposit and other intangible assets711847
Tax effect from vesting of restricted stock (225)
Stock based compensation666688
Net gain on sale of other real estate owned(933)(697)
Write-down of other real estate owned9,22114,534
Net cash provided by operating activities20,69052,962
Cash flows from investing activities  
Proceeds from maturities and pre-refunds including pay down of securities available-for-sale38,38473,094
Proceeds from sales of securities available-for-sale15,277102,788
Purchases of securities available-for-sale(92,818)(114,739)
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock(359)(647)
Net change in loans181,861132,594
Investment in other real estate owned(2,561)(40)
Proceeds from sales of other real estate owned29,68714,347
Net purchases of premises and equipment(492)(773)
Net cash provided by investing activities168,979206,624
Cash flows from financing activities  
Net change in deposits(180,494)(203,719)
Net change in securities sold under repurchase agreements613(12,059)
Net change in other short-term borrowings174(50,572)
Dividends paid (3,158)
Purchase of treasury stock(49)(40)
Net cash used in financing activities(179,756)(269,548)
Net change in cash and cash equivalents9,913(9,962)
Cash and cash equivalents at beginning of period98,75879,796
Cash and cash equivalents at end of period108,67169,834
Supplemental cash flow information  
Income taxes received(5,746)(15,076)
Interest paid for deposits13,26818,529
Interest paid for borrowings6232,853
Non-cash transfer of loans to other real estate owned60,35542,521
Change in dividends declared or accrued not paid2,823(139)
Accretion on preferred stock warrants$ 701$ 656