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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)
In Thousands, except Share data
Total
Preferred Stock.
Common Stock
Retained Earnings/(Accumulated Deficit)
Accumulated Other Comprehensive Loss
Comprehensive Income (Loss)
Preferred stock, discount at Dec. 31, 2009   $ (1,598)        
Balance at Dec. 31, 2009 172,305 39,846 80,222 56,389 (2,554)  
Balance (in shares) at Dec. 31, 2009   40,000 11,820,509      
Increase (Decrease) in Shareholders' Equity            
Net income (loss) (58,213)     (58,213)   (58,213)
Net change in unrealized gain/(loss) on securities available-for-sale and interest-only strips, net of reclassification adjustment and deferred income taxes 1,848       1,848 1,848
Net change in liability and other postretirement obligations, net of deferred income taxes 137       137 137
Total comprehensive income (loss)           (56,228)
Issuance of Series B manditorily convertible cumulative perpetual preferred stock, net of issuance costs 50,385 50,385        
Issuance of Series B manditorily convertible cumulative perpetual preferred stock (in shares)   53,996        
Issuance of Series C convertible perpetual preferred stock, net of issuance costs 19,599 19,599        
Issuance of Series C convertible perpetual preferred stock (in shares)   21,004        
Amortization of restricted stock awards, net of forfeitures and taxes 2   2      
Cash dividends accrued on Series A preferred stock (1,005)     (1,005)    
Accretion of unearned discount on Series A preferred stock   183   (183)    
Stock option expense, net of forfeitures and taxes 586   586      
Preferred stock, discount at Jun. 30, 2010   (1,415)        
Balance at Jun. 30, 2010 185,644 109,830 80,810 (3,012) (569)  
Balance (in shares) at Jun. 30, 2010   115,000 11,820,509      
Preferred stock, discount at Dec. 31, 2010   (1,227)        
Balance at Dec. 31, 2010 182,152 59,365 130,531 (1,866) (4,651)  
Balance (in shares) at Dec. 31, 2010   61,004 26,233,001      
Increase (Decrease) in Shareholders' Equity            
Net income (loss) 3,667     3,667   3,667
Net change in unrealized gain/(loss) on securities available-for-sale and interest-only strips, net of reclassification adjustment and deferred income taxes 2,248       2,248 2,248
Net change in liability and other postretirement obligations, net of deferred income taxes 113       113 113
Total comprehensive income (loss)           6,028
Issuance of restricted stock awards 320   320      
Issuance of restricted stock awards (in shares)     62,000      
Amortization of restricted stock awards, net of forfeitures and taxes (346)   (346)      
Cash dividends accrued on Series A preferred stock (1,006)     (1,006)    
Accretion of unearned discount on Series A preferred stock   194   (194)    
Stock option expense, net of forfeitures and taxes 331   331      
Preferred stock, discount at Jun. 30, 2011   (1,033)        
Balance at Jun. 30, 2011 $ 187,479 $ 59,365 $ 130,836 $ 601 $ (2,290)  
Balance (in shares) at Jun. 30, 2011   61,004 26,295,001