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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income:      
Loans, including fees $ 24,828,298 $ 26,847,111 $ 28,035,871
Securities - taxable 2,295,838 2,502,200 3,066,247
Securities - tax exempt 1,730,535 1,071,876 951,942
Other interest income 39,041 31,334 13,363
Total interest income 28,893,712 30,452,521 32,067,423
Interest expense:      
Deposits 5,090,715 6,566,581 10,315,149
Short-term borrowings 638 138 1,656
FHLB advances 230,713 465,756 801,803
Junior subordinated debt 816,852 1,158,956 1,128,017
Total interest expense 6,138,918 8,191,431 12,246,625
Net interest income 22,754,794 22,261,090 19,820,798
Provision for loan losses 4,220,000 4,745,000 10,735,000
Net interest income after provision for loan losses 18,534,794 17,516,090 9,085,798
Noninterest income:      
Trust and brokerage fees 3,553,965 3,604,907 3,373,635
Service charges 1,092,260 1,125,707 1,121,446
Mortgage banking income 1,026,711 720,615 685,632
Net gain on sale of securities 776,753 1,109,743 264,112
Net debit card interchange income 612,143 400,648 297,013
Earnings from BOLI 568,070 470,216 456,874
Other-than-temporary loss:      
Total impairment loss (149,045) (158,303) (274,503)
Loss recognized in other comprehensive income 0 0 (476,267)
Net impairment loss recognized in earnings (149,045) (158,303) (750,770)
Other income 670,294 540,571 639,890
Total noninterest income 8,151,151 7,814,104 6,087,832
Noninterest expense:      
Salaries and benefits 11,185,034 9,578,932 10,947,014
Occupancy and equipment 2,494,913 2,533,688 2,905,929
Marketing 431,833 423,443 451,862
Data processing 1,335,034 1,128,096 1,172,625
Loan and professional costs 1,612,321 1,629,582 1,649,511
Office supplies and postage 228,281 245,938 348,230
Courier services 224,987 221,756 236,928
Business development 464,807 406,775 456,483
Communications Expense 192,520 186,164 181,393
FDIC Insurance Premiums 1,367,622 2,059,524 1,681,862
OREO, net 1,057,503 1,703,791 1,724,626
Other expense 1,023,585 1,125,007 1,241,141
Total noninterest expense 21,618,440 21,242,696 22,997,604
Income/(loss) before income taxes 5,067,505 4,087,498 (7,823,974)
Income tax expense/(benefit) (1,552,031) 923,727 (2,216,637)
Net income/(loss) 6,619,536 3,163,771 (5,607,337)
Less: Preferred Stock Dividends 0 0 1,579
Net income/(loss) available to common shareholders 6,619,536 3,163,771 (5,608,916)
Net income/(loss) 6,619,536 3,163,771 (5,607,337)
Other comprehensive income (loss) net of tax:      
Unrealized appreciation (depreciation) on available for sale securities 2,303,357 (46,227) 760,342
Unrealized gain (loss) on held to maturity securities transferred to available for sale 0 201,379 0
Unrealized gain (loss) on cash flow hedge 0 0 309,637
Total Comprehensive Income (Loss) $ 8,922,893 $ 3,318,923 $ (4,537,358)
Basic earnings (loss) per common share (in dollars per share) $ 1.37 $ 0.73 $ (1.37)
Diluted earnings (loss) per common share (in dollars per share) $ 1.36 $ 0.69 $ (1.37)
Average common shares outstanding (in shares) 4,824,514 4,334,084 4,090,416
Average common shares and dilutive potential common shares outstanding (in shares) 4,853,015 4,558,918 4,090,416