Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 76,395 $ 22,641
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities:    
Depreciation and Amortization of Premises and Equipment 1,606 1,605
Amortization of Premiums and Accretion of Discounts on Investment Securities, Net 2,743 2,052
Amortization of Other Intangible Assets 157 569
Amortization of Servicing Assets 720 487
Share-Based Compensation Expense 144 440
Provision for Credit Losses 6,000 8,100
Net Gain on Sales of Investment Securities (1,392) (1,634)
Other-Than-Temporary Loss on Investment Securities 292  
Deferred Tax Benefit (50,098)  
Net Gain on Sales of Loans (1,311) (1,044)
Loss on Sales of Other Real Estate Owned 92 599
Valuation Impairment on Other Real Estate Owned 301 470
Lower of Cost or Fair Value Adjustment for Loans Held for Sale 2,300 2,903
Gain on Bank-Owned Life Insurance Settlement (163)  
Increase in Cash Surrender Value of Bank-Owned Life Insurance (709) (701)
Origination of Loans Held for Sale (86,311) (28,656)
Proceeds from Sales of SBA Loans Guaranteed Portion 95,856 20,011
Changes in Fair Value of Stock Warrants 177  
Loss on Sale of Premises and Equipment 5  
Loss on Investment in Affordable Housing Partnership 660 660
Decrease in Accrued Interest Receivable 362 823
Increase in Servicing Assets (2,148) (481)
Increase in Restricted Cash (2,575)  
Increase in Prepaid Expenses (641) (1,253)
(Increase) Decrease in Other Assets (2,843) 852
Increase in Current Tax Assets (2,616)  
Decrease in Accrued Interest Payable (766) (2,476)
Increase (Decrease) in Other Liabilities 1,923 (510)
Net Cash Provided By Operating Activities 38,160 25,457
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from Redemption of Federal Home Loan Bank and Federal Reserve Bank Stock 3,233 3,320
Proceeds from Matured or Called Securities Available for Sale 108,701 171,490
Proceeds from Sales of Securities Available for sale 96,538 152,468
Proceeds from Matured or Called Securities Held to Maturity 6,704 35
Proceeds from Sales of Other Real Estate Owned 1,850 5,598
Proceeds from Sales of Loans Held for Sale 87,979 73,126
Proceeds from Matured Term Federal Funds 215,000  
Proceeds from Insurance Settlement on Bank-Owned Life Insurance 345  
Net (Increase) Decrease in Loans Receivable (56,878) 114,269
Purchase of Federal Reserve Bank Stock (1,703) (40)
Purchases of Loans Receivable (82,885)   
Purchases of Term Federal Fund (155,000)  
Purchases of Securities Available for Sale (179,080) (267,432)
Purchases of Securities Held to Maturity   (51,844)
Purchases of Premises and Equipment (420) (633)
Net Cash Provided By Investing Activities 44,384 200,357
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase (Decrease) in Deposits 18,475 (113,552)
Repayment of Long-Term Federal Home Loan Bank Advances (274) (259)
Net Change in Short-Term Federal Home Loan Bank Advances and Other Borrowings   (132,861)
Net Cash Provided By (Used In) Financing Activities 18,201 (246,672)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 100,745 (20,858)
Cash and Cash Equivalents at Beginning of Year 201,683 249,720
CASH AND CASH EQUIVALENTS AT END OF PERIOD 302,428 228,862
Cash Paid During the Period for:    
Interest Paid 15,803 23,900
Income Taxes Paid 4,912 3
Non-Cash Activities:    
Transfer of Loans Receivable to Other Real Estate Owned 2,558 3,938
Transfer of Loans Receivable to Loans Held for Sale 89,792 66,287
Transfer of Loans Held for Sale to Loans Receivable 1,779  
Loans Provided in the Sale of Loans Held for Sale   5,750
Loans Provided in the Sale of Other Real Estate Owned   510
Reclassification of held-to-maturity securities to available-for-sale securities at amortized cost $ 52,674