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Consolidated Statements of Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
INTEREST INCOME:      
Interest and fees on loans $ 67,604 $ 71,956 $ 79,952
Interest on federal funds sold 9 32 28
Interest and dividends on securities:      
Taxable 3,556 4,683 5,946
Non-taxable 3,067 2,132 2,272
Interest-bearing deposits 63 169 348
TOTAL INTEREST INCOME 74,299 78,972 88,546
INTEREST EXPENSE      
Time deposits of $100 or more 4,041 7,013 10,075
Other time and savings deposits 4,507 8,713 13,800
Borrowed funds 1,693 2,262 2,166
TOTAL INTEREST EXPENSE 10,241 17,988 26,041
NET INTEREST INCOME 64,058 60,984 62,505
PROVISION FOR (RECOVERY OF) LOAN LOSSES (2,685) 40,374 20,843
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 66,743 20,610 41,662
NON-INTEREST INCOME:      
Service charges on deposit accounts 5,186 5,285 5,342
Other service fees 4,653 3,631 3,363
Net gain (loss) on sale of securities (2,355) 1,744 2,756
Income on investment in bank-owned life insurance 599 632 657
Mortgage banking activities 7,272 6,252 6,345
(Recovery of) losses for mortgage loans sold 1,437 (392) (641)
Other than temporary impairment of equity securities (39) (50) (116)
Gain (loss) on sale of loans 575 (3,032) 0
Gain on sale of branch 310 0 0
Write-down of subsidiary held-for-sale 0 (1,019) 0
Other income 766 515 474
TOTAL NON-INTEREST INCOME 18,404 13,566 18,180
NON-INTEREST EXPENSES:      
Salaries and employee benefits 30,976 26,313 27,537
Occupancy and equipment expense 7,816 7,039 8,242
Data processing 1,494 1,743 1,536
Amortization of core deposit intangible 680 1,080 1,174
Communications 1,389 1,373 1,658
FDIC assessment 2,030 2,668 3,475
Loan collection fees 739 1,079 1,571
Other professional fees 1,667 2,012 1,380
Net cost of operation of other real estate owned (602) 13,431 5,068
Loss on sale of premises and equipment 142 131 1,494
Goodwill impairment 0 0 4,944
Other 9,589 9,942 9,464
TOTAL NON-INTEREST EXPENSES 55,920 66,811 67,543
INCOME (LOSS) BEFORE INCOME TAXES 29,227 (32,635) (7,701)
INCOME TAX EXPENSE (BENEFIT) 10,401 (23,961) 6,694
NET INCOME (LOSS) 18,826 (8,674) (14,395)
Preferred stock dividend and accretion of preferred stock discount 1,877 3,911 2,987
NET INCOME (LOSS) TO COMMON SHAREHOLDERS $ 16,949 $ (12,585) $ (17,382)
NET INCOME (LOSS) PER COMMON SHARE:      
Basic $ 1.19 $ (1.91) $ (2.86)
Diluted $ 1.19 $ (1.91) $ (2.86)
CASH DIVIDENDS PER COMMON SHARE $ 0.00 $ 0.00 $ 0.00