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CONSOLIDATED STATEMENTS OF CASH FLOW (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Activities      
Net income (loss) $ 23,813 $ 14,802 $ (64,139)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:      
Provision for loan losses 17,800 35,250 46,310
Depreciation expense 5,074 5,276 5,351
Amortization of mortgage servicing rights 1,388 1,424 2,317
Change in valuation allowance on mortgage servicing rights (45) (132) (600)
Securities amortization, net 2,693 1,794 (72)
Amortization of purchased intangible assets 1,939 2,066 2,199
Earnings on cash surrender value of life insurance policies (1,200) (1,246) (890)
Gain on life insurance benefit (141) (67) (128)
Gain on sale of insurance related business line   (988)  
Securities gains (11,357) (2,979) (1,263)
Gain on loans sold (3,494) (5,152) (5,548)
Loans originated for sale (195,344) (274,111) (419,192)
Proceeds from loan sales 188,063 278,546 424,559
Stock based compensation expense 173 114 115
Director retainer fee expense 220    
Gain/(loss) on sale and write-down of OREO 2,744 1,097 (200)
Goodwill impairment     80,310
Change in other assets and liabilities 3,734 6,940 (33,045)
Net cash provided by operating activities 36,060 62,634 36,084
Investing Activities      
Net change in time deposits     116
Purchases of securities available for sale (527,834) (363,844) (451,603)
Proceeds from calls, maturities, and payments on securities available for sale 120,588 157,154 172,390
Proceeds from sales of securities available for sale 366,559 111,564 93,855
Loan originations and payments, net 102,983 154,068 124,944
Purchases of premises and equipment (6,865) (4,660) (2,490)
Proceeds from sale and write-down of OREO 16,346 8,928 7,566
Sale of insurance related business line   2,000  
Proceeds from redemption of restricted stock 3,646 7,857 2,362
Proceeds from life insurance benefit 893 124 442
Cash received from bank acquisitions, net     17,566
Net cash provided (used) by investing activities 76,316 73,191 (34,852)
Financing Activities      
Net change in deposits (51,664) (59,086) 173,291
Net change in other borrowings (7,392) (14,450) (36,817)
Proceeds from FHLB advances 15,000   50,000
Repayment of FHLB advances (15,638) (70,200) (260,902)
Cash dividends on preferred stock (2,850) (2,850) (2,367)
Cash dividends on common stock (807) (805) (5,135)
Issuance of preferred shares, net of issuance costs     55,783
Issuance of warrants to purchase common stock     1,116
Net cash provided (used) by financing activities (63,351) (147,391) (25,031)
Net change in cash and cash equivalents 49,025 (11,566) (23,799)
Cash and cash equivalents, beginning of year 60,123 71,689 95,488
Cash and cash equivalents, end of year 109,148 60,123 71,689
Supplemental cash flow information      
Interest paid 23,263 34,714 47,011
Income taxes paid/(refunded) 2,672 (1,675) 1,820
Supplemental non cash disclosure      
Loan balances transferred to foreclosed real estate $ 23,093 $ 11,115 $ 11,915