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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Loans $ 144,295 $ 147,325 $ 433,379 $ 443,954
Investment securities 11,894 14,422 40,850 37,650
Money market investments 473 456 1,427 1,494
Total interest income 156,662 162,203 475,656 483,098
Interest expense:        
Deposits 19,344 21,453 59,109 70,915
Securities sold under agreements to repurchase 6,857 6,531 19,655 19,418
Advances from FHLB 949 1,524 2,606 5,180
Notes payable and other borrowings 1,818 1,790 5,365 5,299
Total interest expense 28,968 31,298 86,735 100,812
Net interest income (loss) 127,694 130,905 388,921 382,286
Provision for loan and lease losses 26,999 22,195 85,658 220,782
Net interest income after provision for loan and lease losses 100,695 108,710 303,263 161,504
Non-interest income:        
Service charges on deposit accounts 3,235 3,157 9,728 9,635
Mortgage banking activities 3,809 3,521 10,213 12,924
Net (loss) gain on sale of investments (includes $42 accumulated other comprehensive income reclassification for other-than-temporary impairment on equity securities for the quarter and six-month period ended June 30, 2013) 0 0 291 (42)
Other-than-temporary impairment losses on investment securities:        
Total other-than-temporary impairment losses 0 0 0 0
Portion of loss previously recognized in other comprehensive income (245) 0 (245) (117)
Net impairment losses on investment securities (245) 0 (245) (117)
Equity in losses of unconsolidated entities 0 (5,908) (7,280) (10,798)
Impairement of collateral pledged to Lehman 0 0 0 (66,574)
Insurance income 1,290 1,303 5,328 4,831
Other non-interest income 8,085 7,987 25,420 22,167
Total non-interest income 16,174 10,060 43,455 (27,974)
Non-interest expenses:        
Employees' compensation and benefits 33,964 32,823 101,929 99,493
Occupancy and equipment 14,727 15,109 43,527 45,062
Business promotion 3,925 3,538 12,040 10,726
Professional fees 11,533 11,840 32,944 36,707
Taxes, other than income taxes 4,528 4,718 13,607 14,009
Insurance and supervisory fees 9,493 11,513 31,267 37,018
Net loss on real estate owned (REO) and REO operations 4,326 7,052 16,941 29,191
Credit and debit processing fees 3,741 2,682 11,447 8,040
Communications 2,143 1,866 5,916 5,565
Other non-interest expenses 5,224 8,013 14,916 22,676
Total non-interest expenses 93,604 99,154 284,534 308,487
Income (loss) before income taxes 23,265 19,616 62,184 (174,957)
Income tax expense (64) (3,676) (675) (4,319)
Net income (loss) 23,201 15,940 61,509 (179,276)
Net income (loss) attributable to common stockholders - basic $ 23,201 $ 15,940 $ 63,168 $ (179,276)
Net income (loss) per common share:        
Basic $ 0.11 $ 0.08 $ 0.30 $ (0.87)
Diluted $ 0.11 $ 0.08 $ 0.30 $ (0.87)
Dividends declared per common share $ 0 $ 0 $ 0 $ 0