XML 94 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Consolidated Statements Of Cash Flows      
Net income (loss) $ (23,406) $ 13,642 $ 9,982
Provision for loan losses 79,672 41,301 54,562
Net security premium amortization 1,917 1,373 1,491
Purchase accounting accretion and amortization, net (16,117) (11,628) (9,963)
Gain from acquisition    (10,196)   
Foreclosed property losses and write-downs 28,360 27,847 35,511
Gain on securities available for sale (638) (74) (26)
Other losses (gains) 463 (143) (652)
Increase in net deferred loan costs (44) (307) (599)
Depreciation of premises and equipment 4,557 4,388 3,993
Stock-based compensation expense 311 905 640
Amortization of intangible assets 897 902 874
Origination of presold mortgages in process of settlement (96,750) (76,095) (88,665)
Proceeds from sales of presold mortgages in process of settlement 94,350 73,967 88,670
Decrease in accrued interest receivable 1,578 1,800 1,204
Increase in other assets (29,952) (30,096) (32,538)
Decrease in accrued interest payable (577) (210) (972)
Increase (decrease) in other liabilities (2,940) (330) 597
Net cash provided by operating activities 41,681 37,046 64,109
Purchases of securities available for sale (92,058) (75,689) (99,310)
Purchases of securities held to maturity    (4,332) (22,431)
Proceeds from sales of securities available for sale 9,641 2,518   
Proceeds from maturities/issuer calls of securities available for sale 96,040 75,615 97,202
Proceeds from maturities/issuer calls of securities held to maturity 1,690 1,053 2,687
Purchase of bank-owned life insurance (25,000)      
Net (increase) decrease in loans (89,718) 11,912 40,306
Proceeds from FDIC loss share agreements 29,796 69,339 46,721
Proceeds from sales of foreclosed real estate 74,972 43,414 24,875
Purchases of premises and equipment (8,953) (6,606) (17,543)
Net cash received (paid) in acquisition 9,312 54,037 (171)
Net cash provided by investing activities 5,722 171,261 72,336
Net increase (decrease) in deposits and repurchase agreements 39,888 (127,253) (287,982)
Proceeds from (repayments of) borrowings, net (87,500) (66,881) 20,400
Cash dividends paid - common stock (5,426) (5,390) (5,359)
Cash dividends paid - preferred stock (3,037) (2,847) (3,250)
Proceeds from issuance of preferred stock 7,287 63,500   
Proceeds from issuance of common stock 26,727 881 840
Redemption of preferred stock    (65,000)   
Repurchase of common stock (2) (228)   
Repurchase of common stock warrants   (924)   
Tax benefit from exercise of nonqualified stock options      36
Net cash used by financing activities (22,063) (204,142) (275,315)
Increase (decrease) in Cash and Cash Equivalents 25,340 4,165 (138,870)
Cash and cash equivalents, beginning of Year 216,167 212,002 350,872
Cash and cash equivalents, end of Year 241,507 216,167 212,002
Cash paid during the period for interest 17,893 23,775 32,879
Cash paid during the period for income taxes 14,292 14,893 16,309
Foreclosed loans transferred to foreclosed real estate 53,521 76,242 123,962
Loans transferred to loans held-for-sale (at liquidation value) 30,393      
Unrealized gain on securities available for sale, net of taxes $ (369) $ 864 $ 395