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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
INTEREST INCOME $ 6,482 $ 5,185 $ 10,176 $ 11,406
INTEREST EXPENSE:        
Investment securities and loans held in securitization trusts 711 1,284 1,429 2,676
Subordinated debentures 470 673 936 1,432
Convertible preferred debentures   538   1,200
Total interest expense 1,181 2,495 2,365 5,308
NET INTEREST INCOME 5,301 2,690 7,811 6,098
OTHER INCOME (EXPENSE):        
Provision for loan losses (391) (600) (1,024) (602)
Income from investment in limited partnership and limited liability company 499   1,283  
Realized gain on investment securities and related hedges 3,283 1,291 5,474 2,098
Unrealized loss on investment securities and related hedges (695)   (735)  
Total other income 2,696 691 4,998 1,496
General, administrative and other expenses 3,454 2,107 5,747 3,963
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 4,543 1,274 7,062 3,631
Income tax expense 363   363  
INCOME FROM CONTINUING OPERATIONS 4,180 1,274 6,699 3,631
Income from discontinued operation - net of tax 9 268 4 579
NET INCOME 4,189 1,542 6,703 4,210
Net income attributable to noncontrolling interest 20   20  
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 4,169 $ 1,542 $ 6,683 $ 4,210
Basic income per common share (in Dollars per share) $ 0.44 $ 0.16 $ 0.71 $ 0.45
Diluted income per common share (in Dollars per share) $ 0.44 $ 0.16 $ 0.71 $ 0.45
Dividends declared per common share (in Dollars per share) $ 0.22 $ 0.18 $ 0.40 $ 0.43
Weighted average shares outstanding-basic (in Shares) 9,447 9,419 9,440 9,419
Weighted average shares outstanding-diluted (in Shares) 9,447 11,919 9,440 11,919