Rendering

Component: (Network and Table)
Network
0006 - Statement - Consolidated Statements of Cash Flows
(http://ffsmortgages.com/role/ConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Statement of Cash Flows [Abstract]Period [Axis]
2011-01-01 - 2011-12-31
2010-01-01 - 2010-12-31
Statement of Cash Flows [Abstract]
 
 
Cash flows from operating activities
 
 
Net loss
(20,479,000) 
(5,303,000) 
Adjustments to reconcile net loss to net cash provided by operating activities:
 
 
Depreciation
1,011,000  
1,281,000  
Provision for loan losses
15,815,000  
12,462,000  
Deferred income taxes
9,493,000  
(2,227,000) 
Amortization of premium on securities, net of discount accretion
853,000  
1,394,000  
Origination of held-for-sale loans
(86,928,000) 
(118,401,000) 
Proceeds from sales of held-for-sale loans
91,114,000  
116,169,000  
Net gains on sales of investment securities
(2,458,000) 
(1,720,000) 
Net gains on sales of USDA and SBA loans
(565,000) 
(875,000) 
Net gains on sales of held-for-sale loans
(1,854,000) 
(3,075,000) 
Net loss on sales of foreclosed real estate
353,000  
325,000  
Net loss on sale of repossessed assets
2,000  
9,000  
Net loss on sale or disposal of equipment
34,000  
59,000  
Stock compensation expense (benefit)
(2,000) 
108,000  
Writedown of foreclosed real estate
3,077,000  
1,510,000  
Increase in cash surrender value of bank-owned life insurance
(435,000) 
(462,000) 
Changes in assets and liabilities:
 
 
Accrued interest receivable
(365,000) 
168,000  
Other assets
862,000  
256,000  
Accrued interest payable
(813,000) 
(392,000) 
Other liabilities
(246,000) 
555,000  
Net cash provided by operating activities
8,469,000  
 
1,841,000  
 
Cash flows from investing activities
 
 
Purchases of investment securities available for sale
(223,157,000) 
(178,060,000) 
Sales of investment securities available for sale
96,629,000  
101,423,000  
Maturities of investment securities available for sale
13,703,000  
15,731,000  
Calls of investment securities available for sale
52,114,000  
23,710,000  
Purchases of investment securities held to maturity
(205,000) 
(2,012,000) 
Maturities of investment securities held to maturity
50,000  
50,000  
Redemptions of restricted equity securities
1,613,000  
471,000  
Proceeds from sale of branch
 
4,512,000  
Proceeds from sales of other real estate
2,735,000  
3,764,000  
Improvements to foreclosed assets
6,000  
(361,000) 
Net decrease in loans
33,418,000  
32,234,000  
Decrease in investment in real estate
 
311,000  
Purchases of property and equipment
(59,000) 
(1,585,000) 
Net cash provided by (used in) investing activities
(23,153,000) 
 
188,000  
 
Cash flows from financing activities
 
 
Proceeds from the issuance of common stock
 
56,000  
Net increase in deposits
(1,693,000) 
(3,113,000) 
Net increase (decrease) in securities sold under agreements to repurchase and federal funds purchased
(99,000) 
(566,000) 
Repayment of FHLB advances
 
(66,048,000) 
Net increase (decrease) in other borrowings
(3,619,000) 
3,619,000  
Dividends paid on preferred stock
 
(409,000) 
Net cash used in financing activities
(5,411,000) 
 
(66,461,000) 
 
Net increase (decrease) in cash and cash equivalents
(20,095,000) 
(64,432,000) 
Cash and cash equivalents, beginning of year
57,398,000  
121,830,000  
Cash and cash equivalents, end of year
37,303,000  
 
57,398,000  
 
Supplemental disclosure of cash flow information
 
 
Transfer of loans to foreclosed real estate
11,828,000  
11,503,000  
Transfer of investment in real estate partnership to foreclosure real estate
6,356,000  
 
Transfer of loans to repossessed assets
1,617,000  
72,000  
Transfer of loans to held-to-maturity securities
1,250,000  
 
Loans made to finance sale of foreclosed real estate
202,000  
 
Interest paid
8,324,000  
10,683,000