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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income:      
Interest and fees on loans $ 130,073 $ 108,400 $ 112,548
Interest on debt securities:      
Taxable 11,142 7,031 5,459
Nontaxable 695 157 24
Interest on federal funds sold 2 10 6
Interest on interest-bearing deposits 560 370 130
Dividends on equity securities 368 426 319
Total interest income 142,840 116,394 118,486
Interest expense:      
Interest-bearing transaction accounts 811 847 662
Money market accounts 7,987 6,245 6,079
Savings 112 35 35
Certificates of deposit:      
$100 and over 9,133 9,854 15,592
Other 3,615 5,886 7,835
Subordinated debentures 4,515 4,954 5,171
Federal Home Loan Bank advances 3,550 4,326 4,797
Notes payable and other borrowings 432 264 8,674
Total interest expense 30,155 32,411 48,845
Net interest income 112,685 83,983 69,641
Provision for loan losses not covered under FDIC loss share 13,300 33,735 40,412
Provision for loan losses covered under FDIC loss share 2,803 0 0
Net interest income after provision for loan losses 96,582 50,248 29,229
Noninterest income:      
Wealth Management revenue 6,841 6,414 4,524
Service charges on deposit accounts 5,091 4,739 5,012
Other service charges and fee income 1,679 1,128 963
Gain (loss) on sale of other real estate 862 79 (436)
Gain on state tax credits, net 3,645 2,250 1,035
Gain on sale of investment securities 1,450 1,987 955
Change in FDIC loss share receivable (3,494) 99 0
Extinguishment of debt 0 0 7,388
Miscellaneous income 2,434 1,664 436
Total noninterest income 18,508 18,360 19,877
Noninterest expense:      
Employee compensation and benefits 36,839 28,316 25,969
Occupancy 5,001 4,297 4,709
Furniture and equipment 1,601 1,393 1,425
Data processing 3,159 2,234 2,147
FDIC and other insurance 4,119 4,402 4,204
Goodwill impairment charge 0 0 45,377
Loan legal and other real estate expense 10,703 9,941 4,788
Other 16,296 11,629 9,808
Total noninterest expense 77,718 62,212 98,427
Income (loss) from continuing operations before income tax expense (benefit) 37,372 6,396 (49,321)
Income tax expense (benefit) 11,949 823 (2,650)
Income (loss) from Continuing Operations 25,423 5,573 (46,671)
Loss from discontinued operations before income tax benefit 0 0 (408)
Loss on disposal before income tax benefit 0 0 (1,587)
Income tax benefit 0 0 (711)
Loss from Discontinued Operations 0 0 (1,284)
Net income (loss) 25,423 5,573 (47,955)
Net income (loss) available to common shareholders $ 22,899 $ 3,106 $ (50,369)
Basic earnings (loss) per common share:      
From continuing operations $ 1.37 $ 0.21 $ (3.82)
From discontinued operations $ 0.00 $ 0.00 $ (0.10)
Total $ 1.37 $ 0.21 $ (3.92)
Diluted earnings (loss) per common share:      
From continuing operations $ 1.34 $ 0.21 $ (3.82)
From discontinued operations $ 0.00 $ 0.00 $ (0.10)
Total $ 1.34 $ 0.21 $ (3.92)