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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows from Operating Activities    
Net income (loss) $ 1,359 $ (19,695)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Amortization of deferred loan fees (719) (703)
Net amortization of premiums and discounts 168 144
Provision for loan losses 431 12,820
Provision for depreciation 833 793
Provision for foreclosed real estate losses 0 2,424
Gain on sale of mortgage loans (1,383) (3,155)
(Gain) loss on sale of foreclosed real estate (300) 88
Loss on disposal of fixed assets 0 134
Proceeds from loans sold to others 56,899 105,680
Loans originated for sale (61,391) (97,070)
Stock-based compensation expense 153 72
Deferred income tax expense 0 8,708
Increase in accrued interest receivable and other assets (429) (515)
Increase in accrued interest payable and other liabilities 1,701 1,182
Net cash (used in) provided by operating activities (2,678) 10,907
Cash Flows from Investing Activities    
Purchase of investment securities held to maturity (21,549) (7,135)
Proceeds from maturing investment securities held to maturity 3,000 3,000
Principal collected on mortgage-backed securities held to maturity 745 123
Proceeds from sale of loans 0 23,260
Net (increase) decrease in loans (17,672) 10,134
Proceeds from sale of foreclosed real estate 4,961 5,676
Investment in foreclosed real estate 0 (925)
Investment in premises and equipment (316) (488)
Redemption of FHLB stock 254 330
Net cash (used in) provided by investing activities (30,577) 33,975
Cash Flows from Financing Activities    
Net decrease in deposits (33,506) (18,479)
Proceeds from exercise of options 3 0
Net cash used in financing activities (33,503) (18,479)
(Decrease) increase in cash and cash equivalents (66,758) 26,403
Cash and cash equivalents at beginning of year 98,376 93,392
Cash and cash equivalents at end of period 31,618 119,795
Cash paid during period for:    
Interest 5,887 6,594
Income taxes 8 1,361
Transfer of loans to foreclosed real estate $ 713 $ 9,699