One aspect of the present invention relates to a new approach to the 
demosaicing of spatially sampled image data observed through a 
color filter array. In one embodiment properties of Smith-Barnwell filterbanks may be employed to 
exploit the correlation of color components in order to reconstruct a sub-sampled image. In other embodiments, the approach is amenable to 
wavelet-domain denoising prior to 
demosaicing. One aspect of the present invention relates to a framework for applying existing 
image denoising algorithms to 
color filter array data. In addition to yielding new algorithms for denoising and 
demosaicing, in some embodiments, this framework enables the application of other 
wavelet-based denoising algorithms directly to the CFA image data. 
Demosaicing and denoising according to some embodiments of the present invention may perform on a par with the state of the art for far lower computational cost, and provide a versatile, effective, and low-complexity solution to the problem of interpolating 
color filter array data observed in 
noise. According to one aspect, a method for 
processing an image is provided. In one embodiment, image data captured though a color filter array is trans-formed into a series of filterbank subband coefficients, by estimating the filterbank transform for a complete image (which 
estimation can be shown to be accurate in some embodiments) 
computation complexity associated with regenerating the complete image can be reduced. In another embodiment, denoising of the CFA image data can occur prior to demosaicing, alternatively denoising can occur in conjunction with demosaicing, or in another alternative, after demosaicing.