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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities      
Net loss $ (8,563) $ (24,093) $ (33,259)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 486 686 907
Stock compensation expense 93 35 226
Impairment charge for other real estate owned 5,522 7,374 4,537
Impairment charge on loans held for sale 340 0 0
Impairment charge on real estate owned via equity investment 0 2,600 0
Impairment of available-for-sale (AFS) investment securities 1,796 479 11,041
Impairment of real estate joint venture 0 1,552 0
Provision for loan and lease losses 7,728 22,140 20,605
Proceeds from sales of loans and leases 3,234 4,145 10,844
Net amortization of investment securities 3,046 2,862 1,735
Net accretion on loans (281) (418) (1,217)
Benefit for deferred income taxes 0 0 (174)
Net gains on sales of other real estate owned (1,638) (1,019) (294)
Gains on sales of loans and leases (337) (666) (914)
Gains on sales of security claim 0 (1,656) 0
Net gains on sales of investment securities (1,782) (1,290) (1,892)
Gains from sale of premises of real estate owned via equity investment 0 (667) (1,817)
Income from equity investments (200) (210) (200)
Income from real estate joint venture (1,750) 0 0
Income from bank owned life insurance (391) (379) (1,099)
Changes in assets and liabilities:      
Decrease (increase) in accrued interest receivable 1,401 (1,922) (1,362)
Decrease (increase) in other assets 10,172 29,646 (5,225)
(Decrease) increase in accrued interest payable (533) (2,167) 48
Increase in other liabilities 1,449 1,669 5,292
Net cash provided by operating activities 19,792 38,701 7,782
Cash flows from investing activities      
Proceeds from calls/maturities of AFS investment securities 80,067 118,056 148,268
Proceeds from sales of AFS investment securities 113,029 181,334 184,226
Purchase of AFS investment securities (209,002) (174,167) (398,312)
Redemption of Federal Home Loan Bank stock 1,931 547 0
Net decrease (increase) in loans 84,959 109,221 (49,260)
Capital improvements to foreclosed assets 0 (1,242) (2,431)
Proceeds from sale of foreclosed assets 11,888 13,319 7,877
Net cash received in connection with the sale of Royal Asian Bank 0 224 0
Purchase of premises and equipment (145) (115) (287)
Purchase of life insurance (5,000) 0 0
Proceeds from surrender of life insurance 0 0 22,628
Net proceeds from sale of premises of real estate owned via equity investments 6,794 6,682 11,354
Distribution from investments in real estate 200 210 200
Net decrease in real estate owned via equity investments (6,794) (8,615) (9,537)
Net cash provided by (used in) investing activities 77,927 245,454 (85,274)
Cash flows from financing activities:      
Increase (decrease) in demand and NOW accounts 3,950 (14,660) 9,099
Increase in money market and savings accounts 2,309 12,555 23,620
(Decrease) increase in certificates of deposit (124,256) (185,737) 88,968
Repayments in short-term borrowings 0 (92,500) 0
Repayments of long-term borrowings (6,949) (6,726) (21,506)
Repayment of mortgage debt of real estate owned via equity investments 0 (3,652) (8,698)
Proceeds from the issuance of preferred stock 0 0 30,407
Cash dividends paid 0 0 (359)
Net cash (used in) provided by financing activities (124,946) (290,720) 121,531
Net (decrease) increase in cash and cash equivalents (27,227) (6,565) 44,039
Cash and cash equivalents at beginning of period 51,733 58,298 14,259
Cash and cash equivalents at end of period 24,506 51,733 58,298
Supplemental Disclosure      
Interest 14,619 28,161 37,391
Income taxes 0 0 0
Transfers to other real estate owned $ 6,441 $ 18,797 $ 29,660