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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Net loss $ (4,755) $ (12,074)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for credit losses 3,482 8,934
Provision for OREO losses 1,245 3,051
Depreciation and amortization 909 1,192
Amortization and accretion of investment securities, net 371 1,126
Mortgage servicing rights impairment 221 190
Cash paid due to origination of loans held for sale (80,549) (140,297)
Cash received due to sale of loans held for sale 72,927 136,766
Net gain on sales of loans (1,173) (1,347)
Net gain on sale of investment securities (1,136) (112)
Gain on sale of foreclosed properties (4,890) (1,162)
Gain on sale of branches   (4,930)
Net impairment losses recognized in earnings 59 86
Stock-based compensation expense   22
Decrease in accrued interest receivable 730 690
(Increase) decrease in prepaid expense and other assets (345) 11,116
Increase in accrued interest payable on deposits 2,962 1,176
Increase (decrease) in other liabilities 3,193 (947)
Net cash (used in) provided by operating activities (6,749) 3,480
Investing Activities    
Proceeds from sales of securities 55,757 4,315
Proceeds from maturities of securities   42,000
Purchase of securities   (123,037)
Principal collected on securities 10,405 14,526
Net decrease in loans held for investment 102,646 170,017
Purchases of office properties and equipment (156) (60)
Sales of office properties and equipment 9 9,947
Proceeds from sale of foreclosed properties 28,113 14,365
Investment in real estate held for development and sale   53
Net cash provided by investing activities 196,774 132,126
Financing Activities    
Decrease in deposit accounts (61,183) (328,780)
Increase in advance payments by borrowers for taxes and insurance 3,989 3,694
Proceeds from borrowed funds 1,550,000  
Repayment of borrowed funds (1,661,100) (88,300)
Net cash provided by (used in) financing activities (168,294) (413,386)
Net increase (decrease) in cash and cash equivalents 21,731 (277,780)
Cash and cash equivalents at beginning of period 107,015 512,162
Cash and cash equivalents at end of period 128,746 234,382
Cash paid or credited to accounts:    
Interest on deposits and borrowings 11,635 24,392
Income taxes 0 0
Non-cash transactions:    
Transfer of loans to foreclosed properties $ 23,252 $ 10,231