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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 8 Months Ended 9 Months Ended 1 Months Ended
Sep. 30, 2013
Successor [Member]
Sep. 30, 2012
Successor [Member]
Sep. 30, 2012
Successor [Member]
Sep. 30, 2013
Successor [Member]
Jan. 31, 2012
Predecessor [Member]
INTEREST INCOME          
Loans $ 20,348 $ 10,810 $ 28,819 $ 51,421 $ 3,807
Investment securities 1,846 1,036 2,862 4,666 395
Federal funds sold and interest-earning deposits 33 16 65 70 4
TOTAL INTEREST INCOME 22,227 11,862 31,746 56,157 4,206
INTEREST EXPENSE          
Deposits 1,621 1,320 3,777 4,542 530
Short-term borrowings 46 3 9 100 0
Long-term debt 654 274 786 1,237 103
TOTAL INTEREST EXPENSE 2,321 1,597 4,572 5,879 633
NET INTEREST INCOME 19,906 10,265 27,174 50,278 3,573
PROVISION FOR LOAN LOSSES 1,280 1,077 3,991 4,712 195
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 18,626 9,188 23,183 45,566 3,378
NON-INTEREST INCOME          
Service charges and fees on deposit accounts 1,512 523 1,429 3,552 194
Mortgage banking 310 1,127 2,393 1,797 225
Government-guaranteed lending 1,525 776 1,342 3,702 98
Bank-owned life insurance 324 215 552 829 70
Gain on sales of available for sale securities 0 483 648 1,215 0
Gain on acquisition 0 0 0 7,809 0
Other 866 208 830 1,759 70
TOTAL NON-INTEREST INCOME 4,537 3,332 7,194 20,663 657
NON-INTEREST EXPENSE          
Salaries and employee benefits 10,034 5,648 14,661 27,034 1,737
Occupancy and equipment 2,497 1,385 3,547 6,452 396
Data processing 1,105 644 1,683 2,824 212
FDIC deposit insurance premiums 423 205 711 1,050 141
Professional services 598 800 1,925 2,009 144
Foreclosed asset expenses 201 251 641 463 11
Other loan related expense 909 419 1,171 2,162 162
Merger and conversion costs 477 547 1,050 14,039 78
Other 2,438 1,241 3,467 6,456 355
TOTAL NON-INTEREST EXPENSE 18,682 11,140 28,856 62,489 3,236
INCOME (LOSS) BEFORE INCOME TAXES 4,481 1,380 1,521 3,740 799
Income tax expense (benefit) 2,997 95 (160) (206) 270
NET INCOME (LOSS) 1,484 1,285 1,681 3,946 529
Dividends and accretion on preferred stock 708 367 978 1,782 122
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 776 $ 918 $ 703 $ 2,164 $ 407
Net income per common share          
Basic (in dollars per share) $ 0.02 $ 0.03 $ 0.02 $ 0.05 $ 0.01
Diluted (in dollars per share) $ 0.02 $ 0.03 $ 0.02 $ 0.05 $ 0.01
Weighted average common shares outstanding          
Basic (in shares) 46,021,308 35,725,915 35,723,057 42,602,944 35,511,770
Diluted (in shares) 46,213,216 35,924,425 35,878,990 42,755,223 35,534,050