Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Summary of Income Tax Expense (Benefit)

The income tax expense (benefit) consists of the following:

SUMMARY OF INCOME TAX EXPENSE (BENEFIT)

Years Ended December 31,	2014		2013		2012
Current	$	4	$	—	$	(34	)
Deferred		1,313		297		—
Income tax provision (benefit)	$	1,317	$	297	$	(34	)

Details of Deferred Tax Asset (Liability), Net

Items that gave rise to significant portions of the deferred tax accounts are as follows:

DETAILS OF DEFERRED TAX ASSET (LIABILITY), NET

December 31,	2014			2013
Deferred tax asset:
Allowance for loan losses	$	9,742		$	14,702
Impairments realized on investment securities		490			490
Fixed assets		4,720			4,354
Net operating loss carry forwards		111,593			96,117
Unrealized loss on investment securities		95			4,872
Alternative minimum tax credits		2,010			2,010
Other		6,603			4,585
Total deferred tax asset before valuation allowance		135,253			127,130
Less: valuation allowance		(132,646	)		(119,349	)
Deferred tax liability:
Core deposit intangible amortization		—			103
Goodwill amortization		1,610			297
Deferred loan costs		2,211			2,496
Other		300			310
Total deferred tax liability		4,121			3,206
Net deferred tax (liability) asset	$	(1,514	)	$	4,575

Reconciliation of Federal Statutory Income Tax

The provision for income taxes differs from that computed at the statutory rate as follows:

RECONCILIATION OF FEDERAL STATUTORY INCOME TAX

Years Ended December 31,	2014						2013						2012
	Amount			%			Amount			%			Amount			%
Loss before income taxes	$	(28,491	)				$	(9,646	)				$	(50,525	)
Tax computed at statutory rate		(9,972	)		35.0	%		(3,377	)		35.0	%		(17,683	)		35.0	%
(Decrease) increase in charge resulting from:
State taxes, net of federal benefit		(1,606	)		5.6			(635	)		6.6			(3,040	)		6.0
Tax exempt interest (net)		(469	)		1.7			(530	)		5.5			(638	)		1.3
BOLI		(664	)		2.3			(659	)		6.8			(695	)		1.4
Valuation allowance		13,297			(46.7	)		5,067			(52.5	)		21,981			(43.5	)
Other, net		731			(2.5	)		431			(4.5	)		41			(0.1	)
Total income tax expense (benefit)	$	1,317			(4.6	)%	$	297			(3.1	)%	$	(34	)		0.1	%