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Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities    
Interest received $ 58,747 $ 61,077
Fees and commissions received 15,354 13,561
Interest paid (7,384) (13,222)
Cash paid to suppliers and employees (52,860) (49,254)
Origination of loans held for sale (133,378) (96,751)
Proceeds from loans held for sale 122,452 102,373
Net change in other assets (716) 1,070
Net cash provided by operating activities 2,215 18,854
Cash flows from investing activities    
Maturity of securities available for sale 95,658 87,713
Maturity of securities held for investment 4,728 3,205
Proceeds from sale of securities available for sale 248,509 33,555
Purchase of securities available for sale (280,189) (287,977)
Purchase of securities held for investment (500) (1,526)
Net new loans and principal repayments (23,821) (7,638)
Proceeds from the sale of other real estate owned 16,683 32,853
Proceeds from sale of Federal Home Loan Bank and Federal Reserve Bank stock 296 1,154
Purchase of Federal Home Loan Bank and Federal Reserve Bank stock (60) (174)
Additions to bank premises and equipment (2,948) (761)
Net cash provided by (used in) investing activities 58,356 (139,596)
Cash flows from financing activities    
Net increase (decrease) in deposits (39,269) 24,055
Net increase (decrease) in federal funds purchased and repurchase agreements (13,859) 8,348
Purchase of stock warrants, net of related expenses (81) 0
Stock based employee benefit plans 150 69
Dividends paid (1,875) (6,250)
Net cash (used in) provided by financing activities (54,934) 26,222
Net increase (decrease) in cash and cash equivalents 5,637 (94,520)
Cash and cash equivalents at beginning of period 167,081 211,405
Cash and cash equivalents at end of period 172,718 116,885
Reconciliation of net income to cash provided by operating activities    
Net income (950) 4,119
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,111 2,152
Amortization of premiums and discounts on securities, net 3,392 1,730
Other amortization and accretion, net 21 (208)
Change in loans held for sale, net (10,926) 5,622
Provision for loan losses 9,660 1,542
Gain on sale of securities (7,037) (137)
Gain on sale of loans (657) (114)
Losses on sale and write-downs of other real estate owned 3,390 2,558
Losses on dispositions of fixed assets 180 55
Change in interest receivable 446 (543)
Change in interest payable (504) (2,354)
Change in prepaid expenses 2,298 2,401
Change in accrued taxes 461 891
Net change in other assets (716) 1,070
Change in other liabilities 1,046 70
Net cash provided by operating activities 2,215 18,854
Supplemental disclosure of non-cash investing activities:    
Fair value adjustment to securities (1,081) 10,224
Transfer from loans to other real estate owned 8,274 31,461
Transfer from commercial loans to loans available for sale 10,321 0
Securities principal receivable recorded in other assets $ 2,419 $ 0