CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	2 Months Ended	3 Months Ended	1 Months Ended
	Mar. 31, 2011 Successor Company	Mar. 31, 2012 Successor Company	Jan. 28, 2011 Predecessor Company
Cash flows from operating activities:
Net income (loss)	$ (574)	$ 2,743	$ 596
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Equity income from investment in Capital Bank, NA		(3,088)
Accretion of purchased credit-impaired loans	(10,265)
Amortization/accretion on acquired liabilities, net	(1,441)	49
Provision for loan losses	167		40
Amortization of other intangible assets	191		62
Depreciation	490		240
Stock-based compensation	137	3	42
Amortization of premium on securities, net	238		171
(Gain) loss on disposal of premises, equipment and ORE	(102)		26
ORE valuation adjustments	131
Bank-owned life insurance income	(20)		(10)
Deferred income tax expense (benefit)		(18)
Net change in:
Mortgage loans held for sale	1,145		4,424
Accrued interest receivable and other assets	(554)	(123)	(1,309)
Accrued interest payable and other liabilities	2,696	91	(3,939)
Net cash provided by (used in) operating activities	(7,761)	(343)	343
Cash flows from investing activities:
Principal repayments on loans, net of loans originated or acquired	19,380		14,547
Purchases of premises and equipment	(241)		(307)
Proceeds from sales of premises, equipment and ORE	1,485		20
Purchases of securities - available for sale	(88,209)		(6,840)
Proceeds from principal repayments/calls/maturities of securities - available for sale	10,577		3,936
Net cash provided by (used in) investing activities	(57,008)		11,356
Cash flows from financing activities:
Decrease in deposits, net	(650)		(4,960)
Principal repayments of borrowings	(30,000)		(5,000)
Repurchase of preferred stock			(41,279)
Proceeds from CBF Investment			181,050
Proceeds from issuance of common stock, net of offering costs	3,814
Net cash provided by (used in) financing activities	(26,836)		129,811
Net change in cash and cash equivalents	(91,605)	(343)	141,510
Cash and cash equivalents at beginning of period	208,255	2,163	66,745
Cash and cash equivalents at end of period	116,650	1,820	208,255
Noncash investing activities:
Transfers of loans and premises to ORE	1,646		248
Transfers of OREO to loans	857		146
Cash paid for (received from):
Income taxes
Interest	$ 4,088	$ 318	$ 1,531

CAPITAL BANK CORP 10-Q