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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 5 Months Ended 6 Months Ended 1 Months Ended
Jun. 30, 2013
Successor [Member]
Jun. 30, 2012
Successor [Member]
Jun. 30, 2012
Successor [Member]
Jun. 30, 2013
Successor [Member]
Jan. 31, 2012
Predecessor [Member]
INTEREST INCOME          
Loans $ 20,376 $ 10,707 $ 18,009 $ 31,073 $ 3,807
Investment securities 2,005 1,070 1,826 2,820 395
Federal funds sold and interest-earning deposits 21 33 49 37 4
TOTAL INTEREST INCOME 22,402 11,810 19,884 33,930 4,206
INTEREST EXPENSE          
Deposits 1,619 1,462 2,457 2,921 530
Short-term borrowings 42 4 6 54 0
Long-term debt 313 311 512 583 103
TOTAL INTEREST EXPENSE 1,974 1,777 2,975 3,558 633
NET INTEREST INCOME 20,428 10,033 16,909 30,372 3,573
PROVISION FOR LOAN LOSSES 1,492 2,046 2,915 3,432 195
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 18,936 7,987 13,994 26,940 3,378
NON-INTEREST INCOME          
Service charges and fees on deposit accounts 1,525 557 906 2,040 194
Mortgage banking 1,096 770 1,266 1,487 225
Government-guaranteed lending 1,058 572 566 2,177 98
Bank-owned life insurance 310 203 337 505 70
Gain (loss) on sales of available for sale securities 123 (27) 165 1,215 0
Gain on acquisition 8,241 0 0 8,241 0
Other 743 315 622 893 70
TOTAL NON-INTEREST INCOME 13,096 2,390 3,862 16,558 657
NON-INTEREST EXPENSE          
Salaries and employee benefits 11,009 5,513 9,013 17,000 1,737
Occupancy and equipment 2,408 1,353 2,162 3,955 396
Data processing 1,075 594 1,039 1,719 212
FDIC deposit insurance premiums 400 229 506 627 141
Professional services 914 584 1,125 1,411 144
Foreclosed asset expenses 79 295 390 262 11
Other loan related expense 792 335 752 1,253 162
Merger and conversion costs 11,961 6 503 13,562 78
Other 2,502 1,389 2,226 4,018 355
TOTAL NON-INTEREST EXPENSE 31,140 10,298 17,716 43,807 3,236
INCOME (LOSS) BEFORE INCOME TAXES 892 79 140 (309) 799
Income tax expense (benefit) (2,808) (259) (255) (3,203) 270
NET INCOME (LOSS) 3,700 338 395 2,894 529
Dividends and accretion on preferred stock 705 367 611 1,074 122
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 2,995 $ (29) $ (216) $ 1,820 $ 407
Net income (loss) per common share          
Basic (in dollars per share) $ 0.07 $ 0.00 $ (0.01) $ 0.04 $ 0.01
Diluted (in dollars per share) $ 0.07 $ 0.00 $ (0.01) $ 0.04 $ 0.01
Weighted average common shares outstanding          
Basic (in shares) 45,916,707 35,723,442 35,721,316 40,865,433 35,511,770
Diluted (in shares) 45,935,330 35,723,442 35,721,316 40,883,775 35,534,050