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Consolidated Statements of Operations and Comprehensive Income (Restated) (unadited) (USD $)
In Thousands, except Share data
3 Months Ended6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest Income:    
Loans, including fees$ 6,437$ 7,769$ 12,857$ 15,309
Investment securities - AFS - taxable5407171,1371,570
Investment securities - AFS - nontaxable014029
Federal funds sold07015
Interest on deposits in FRB431943
Interest on deposits in other banks10102020
Total interest income7,0308,51814,10816,946
Interest Expense:    
Interest on deposits6681,0631,4362,221
Interest on other borrowings8378168185
Total interest expense7511,1411,6042,406
Net Interest Income Before Provision for Credit Losses6,2797,37712,50414,540
Provision for Credit Losses9,16151910,0512,150
Net Interest (Expense) Income(2,882)6,8582,45312,390
Noninterest Income:    
Customer service fees8941,0161,7611,964
Increase in cash surrender value of bank-owned life insurance140138281272
(Loss) gain on sale of other real estate owned(324)164(44)108
Gain on sale of securities070070
Gain on sale of loans05110511
Gain (loss) on fair value of financial liability222467(145)624
Other242313449441
Total noninterest income1,1742,6792,3023,990
Noninterest Expense:    
Salaries and employee benefits2,2202,1074,5414,388
Occupancy expense9099611,8021,874
Data processing19134332
Professional fees9806321,4191,019
FDIC/DFI insurance assessments475515988906
Director fees5860116117
Amortization of intangibles158198320401
Correspondent bank service charges7882154158
Impairment loss on core deposit intangible003657
Impairment loss on goodwill1,4891,4141,4891,414
Impairment loss on investment securities (cumulative total other-than-temporary loss of $4.3 million, net of $3.9 million recognized in other comprehensive loss, pre-tax)04580702
Impairment loss on OREO4384051,1221,226
Loss on California tax credit partnership103106209212
OREO expense719485951767
Other5946121,1071,100
Total noninterest expense8,2408,04814,29714,373
(Loss) Income Before Taxes on Income(9,948)1,489(9,542)2,007
(Benefit) Provision for Taxes on (Loss) Income(3,599)974(3,549)1,050
Net (Loss) Income(6,349)515(5,993)957
Other comprehensive income, net of tax:    
Unrealized gain (loss) on available for sale securities, and past service costs of employee benefit plans - net of income tax (benefit) expense of $(282), $385, $(305), and $763(423)578(458)1,145
Comprehensive (Loss) Income$ (6,772)$ 1,093$ (6,451)$ 2,102
Net (Loss) Income per common share    
Basic (in dollars per share)$ (0.48)$ 0.04$ (0.45)$ 0.08
Diluted (in dollars per share)$ (0.48)$ 0.04$ (0.45)$ 0.08
Shares on which net income per common shares were based    
Basic (in shares)13,265,20513,265,20513,265,20513,265,205
Diluted (in shares)13,265,20513,265,20513,265,20513,265,205