Embodiments provide a video camera that can be configured to highly compress video data in a visually lossless manner. The camera can be configured to transform blue, red, and/or green image data in a manner that enhances the compressibility of the data. The camera can be configured to transform at least a portion of the green image data in a manner that enhances the compressibility of the data. The data can then be compressed and stored in this form. This allows a user to reconstruct the red, blue, and/or green image data to obtain the original raw data or a modified version of the original raw data that is visually lossless when demosaiced. Additionally, the data can be processed in a manner in which at least some of the green image elements are demosaiced first and then the red, blue, and/or some green elements are reconstructed based on values of the demosaiced green image elements.