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Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest income    
Loans$ 8,297$ 9,856$ 26,414$ 31,877
Securities    
Taxable1,0471,3773,1324,723
Exempt from federal income taxes158247550783
Federal funds sold and other402810893
Total interest income9,54211,50830,20437,476
Interest expense    
Deposits1,9373,4166,63711,836
Federal funds purchased and securities sold under agreements to repurchase1173237
Federal Home Loan Bank advances3475731,1141,733
Series B mandatory redeemable preferred stock441212
Subordinated debentures277270821783
Notes payable8999270279
Total interest expense2,6654,3698,88614,680
Net interest income6,8777,13921,31822,796
Provision for loan losses2,4007,2509,90024,150
Net interest income (loss) after provision for loan losses4,477(111)11,418(1,354)
Noninterest income    
Service charges1,2321,2153,4833,934
Mortgage banking income3416281,0501,114
Bank-owned life insurance256261755773
Electronic banking services5525161,6441,528
Securities gains 8993791,913
Total other-than-temporary impairment losses (569)(499)(4,153)
Portion of loss recognized in other comprehensive income (before taxes) 71 131
Net impairment on securities (498)(499)(4,022)
Gain (loss) on sale of OREO(12)24(60)34
Gain (loss) on sale of other assets(16)178471,648
Other income213204575633
Noninterest Income, Total2,5663,4277,3747,555
Noninterest expenses    
Salaries and employee benefits3,5053,54710,59811,019
Occupancy, net7126472,1362,378
Furniture and equipment4076421,2671,685
Marketing5691183280
Supplies and printing67106208302
Telephone229194637567
Data processing3813881,1201,167
FDIC insurance3238421,9972,549
Loan processing and collection costs4956751,5971,789
OREO valuation adjustment4,4733785,7702,365
Amortization of intangible assets250307789967
Other expenses1,4991,4624,4724,307
Noninterest Expense, Total12,3979,27930,77429,375
Income (loss) before income taxes(5,354)(5,963)(11,982)(23,174)
Income tax expense (benefit)(606)10,440(1,352)3,414
Net income (loss)(4,748)(16,403)(10,630)(26,588)
Preferred stock dividends5054841,5001,435
Net income (loss) for common stockholders(5,253)(16,887)(12,130)(28,023)
Basic earnings (loss) per common share$ (0.87)$ (2.79)$ (2.01)$ (4.64)
Diluted earnings (loss) per common share$ (0.87)$ (2.79)$ (2.01)$ (4.64)
Total comprehensive income (loss):    
Net income (loss)(4,748)(16,403)(10,630)(26,588)
Change in unrealized gains (losses) on available for sale securities for which a portion of an other-than-temporary impairment has been recognized in earnings (341)(80)(3,067)
Change in unrealized gains (losses) on other securities available for sale1,0756613,4111,557
Reclassification adjustment:    
Net impairment loss recognized in earnings 4984994,022
(Gains) recognized in earnings (899)(379)(1,913)
Net unrealized gains (loss)1,075(81)3,451599
Tax expense (benefit)416(32)1,335232
Other comprehensive income (loss)659(49)2,116367
Total comprehensive income (loss)$ (4,089)$ (16,452)$ (8,514)$ (26,221)