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Condensed Consolidated Statements of Operations Statement (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income:        
Interest and fees on loans $ 34,951 $ 24,490 $ 62,582 $ 49,463
Interest on debt securities:        
Taxable 3,243 1,830 5,813 3,680
Nontaxable 155 39 265 49
Interest on federal funds sold 0 1 1 9
Interest on interest-bearing deposits 113 102 261 182
Dividends on equity securities 97 83 170 166
Total interest income 38,559 26,545 69,092 53,549
Interest expense:        
Interest-bearing transaction accounts 206 236 395 455
Money market accounts 2,124 1,454 4,206 2,847
Savings 9 9 18 17
Certificates of deposit:        
$100 and over 2,305 2,474 4,662 5,324
Other 800 1,534 1,853 3,319
Subordinated debentures 1,126 1,239 2,247 2,469
Federal Home Loan Bank advances 888 1,099 1,788 2,207
Notes payable and other borrowings 97 63 211 122
Total interest expense 7,555 8,108 15,380 16,760
Net interest income 31,004 18,437 53,712 36,789
Provision for loan losses 4,575 8,960 8,175 22,760
Net interest income after provision for loan losses 26,429 9,477 45,537 14,029
Noninterest income:        
Wealth Management revenue 1,658 1,548 3,341 3,086
Service charges on deposit accounts 1,194 1,212 2,331 2,386
Other service charges and fee income 331 237 641 515
Gain on sale of other real estate 99 302 522 290
Gain on state tax credits, net 987 851 1,142 1,369
Gain on sale of investment securities 506 525 680 1,082
Miscellaneous (loss) income (557) 612 524 856
Total noninterest income 4,218 5,287 9,181 9,584
Noninterest expense:        
Employee compensation and benefits 8,265 7,035 16,953 13,633
Occupancy 1,141 1,097 2,280 2,270
Furniture and equipment 431 325 785 694
Data processing 604 554 1,230 1,132
FDIC and other insurance 1,133 1,019 2,355 2,066
Loan legal and other real estate expense 3,255 1,669 5,691 2,941
Other 3,195 2,693 6,695 5,552
Total noninterest expense 18,024 14,392 35,989 28,288
Income (loss) before income tax expense (benefit) 12,623 372 18,729 (4,675)
Income tax expense (benefit) 4,350 (205) 6,344 (2,061)
Net income (loss) 8,273 577 12,385 (2,614)
Net income (loss) available to common shareholders $ 7,643 $ (38) $ 11,129 $ (3,841)
Basic $ 0.45 $ 0.00 $ 0.71 $ (0.26)
Diluted $ 0.43 $ 0.00 $ 0.70 $ (0.26)