Condensed Parent Company Only Statements

12 Months Ended

Dec. 31, 2012

Condensed Parent Company Only Statements [Abstract]

Condensed Parent Company Only Statements

18)Condensed Parent Company Only Statements

Statements of Financial Condition

	December 31,
	2012			2011
	(In Thousands)
Assets
Cash and cash equivalents	$	337		521
Securities available for sale (at fair value)	5,070			5,118
Investment in subsidiaries	195,451			160,933
Other assets	1,926			21
Total Assets	$	202,784		166,593
Liabilities and shareholders’ equity
Liabilities:
Other liabilities	150			221
Shareholders’ equity
Preferred Stock (par value $.01 per share) Authorized - 20,000,000 shares, no shares issued	—			—
Common stock (par value $.01 per share) Authorized - 200,000,000 shares in 2012 and 2011 Issued - 34,072,909 in 2012 and 33,974,450 in 2011 Outstanding - 31,348,556 in 2012 and 31,250,097 in 2011	341			340
Additional paid-in-capital	110,490			110,894
Retained earnings	136,487			101,573
Unearned ESOP shares	(1,708		)	(2,562	)
Treasury stock (2,724,353 shares), at cost	(45,261		)	(45,261	)
Accumulated other comprehensive income (net of taxes)	2,285			1,388
Total shareholders’ equity	202,634			166,372
Total liabilities and shareholders’ equity	$	202,784		166,593

Statements of Operations

	For the year ended December 31,
	2012			2011		2010
	(In Thousands)
Interest income	$	644		669		715
Equity in income (loss) of subsidiaries	33,448			(8,250	)	(2,790	)
Total income (loss)	34,092			(7,581	)	(2,075	)
Compensation	(523		)	(605	)	(541	)
Professional fees	3			57		40
Other expense	279			440		280
Total expense	(241		)	(108	)	(221	)
Income (loss) before income tax expense	34,333			(7,473	)	(1,854	)
Income tax benefit	(581		)	—		—
Net income (loss)	$	34,914		(7,473	)	(1,854	)

Statements of Cash Flows

	For the year ended December 31,
	2012			2011		2010
	(In Thousands)
Cash flows from operating activities
Net income (loss)	$	34,914		(7,473	)	(1,854	)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Amortization of unearned ESOP	306			202		264
Stock based compensation	145			1,593		1,659
Deferred income taxes	(954		)	(71	)	319
Equity in (earnings) loss of subsidiaries	(33,448		)	8,250		2,790
Change in other assets and liabilities	(1,147		)	(1,537	)	(2,067	)
Net cash (used in) provided by operating actitivies	(184		)	964		1,111
Cash flows used in investing activities:
Capital contributions to subsidiary	—			(1,000	)	(1,000	)
Net cash used in investing activities	—			(1,000	)	(1,000	)
Net cash provided by (used in) financing activities	—			—		—
Net increase (decrease) in cash	(184		)	(36	)	111
Cash and cash equivalents at beginning of year	521			557		446
Cash and cash equivalents at end of year	$	337		521		557