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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
INTEREST INCOME      
Interest and fees on loans $ 62,014 $ 61,271 $ 79,427
Interest on taxable investment securities 6,715 7,268 8,715
Interest on non-taxable investment securities   851 1,232
Dividends on restricted equity investments 881 818 838
Total interest income 69,610 70,208 90,212
INTEREST EXPENSE      
Interest on deposits 5,958 5,337 8,358
Interest on funds borrowed 2,173 2,073 1,753
Interest on junior subordinated debentures 2,575 2,200 2,150
Total interest expense 10,706 9,610 12,261
Net interest income 58,904 60,598 77,951
(REVERSAL OF) PROVISION FOR LOAN LOSSES (1,682) (3,280) 14,803
Net interest income after (reversal of) provision for loan losses 60,586 63,878 63,148
NON-INTEREST INCOME      
Service charges on deposit accounts 6,221 6,988 9,782
Interchange fees 1,905 2,115 2,357
Gain on sale of bank branches   10,553  
Net gain (loss) on sale of loans 101 1,444 (327)
Net gain on sales and calls of investment securities 426 1,468 50
Investment products income 1,707 2,025 2,447
BOLI income 1,934 2,043 1,896
Other income 1,095 989 1,558
Total non-interest income 13,389 27,625 17,763
NON-INTEREST EXPENSE      
Salaries and employee benefits 34,971 37,013 51,814
Occupancy expense 8,988 12,811 16,230
Equipment expense 4,786 8,417 7,287
Data processing expense 4,503 5,018 4,979
Professional fees 2,246 3,230 6,487
Insurance expense 2,164 4,528 5,567
Advertising expense 1,660 1,520 2,062
Problem loan expense 411 1,259 2,039
Other expense 5,224 6,290 12,937
Total non-interest expense 64,953 80,086 109,402
INCOME (LOSS) BEFORE INCOME TAXES 9,022 11,417 (28,491)
INCOME TAX (BENEFIT) EXPENSE (52,395) 1,197 1,317
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 61,417 $ 10,220 $ (29,808)
Basic earnings (loss) per common share $ 3.26 $ 0.55 $ (1.67)
Diluted earnings (loss) per common share $ 3.24 $ 0.55 $ (1.67)
Weighted average common shares – basic 18,843,077 18,648,339 17,830,018
Weighted average common shares – diluted 18,933,330 18,710,159 17,830,018