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Condensed Consolidated Statements of Operations (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest Income    
Interest and fees on loans $ 18,215 $ 20,710
Interest on securities    
Taxable 1,383 670
Tax-exempt 262 238
Other investments 423 332
Total Interest Income 20,283 21,950
Interest Expense    
Deposits 1,293 1,529
Other borrowings 512 865
Total Interest Expense 1,805 2,394
Net Interest Income 18,478 19,556
Provision for loan losses 428 (691)
Net Interest Income After Provision for Loan Losses 18,050 20,247
Non-interest Income    
Service charges on deposit accounts 3,055 3,406
Interchange income 1,941 1,757
Net gains on assets    
Mortgage loans 1,144 3,637
Securities 112 84
Mortgage loan servicing 264 622
Title insurance fees 274 484
Increase in fair value of U.S. Treasury warrant 0 (1,045)
Other 2,165 2,123
Total Non-interest Income 8,955 11,068
Non-interest Expense    
Compensation and employee benefits 11,238 11,307
Occupancy, net 2,483 2,424
Data processing 2,086 1,916
Loan and collection 1,465 2,226
Furniture, fixtures and equipment 1,069 1,032
Communications 789 780
Advertising 519 570
FDIC deposit insurance 417 630
Interchange expense 402 410
Legal and professional 401 692
Credit card and bank service fees 263 334
Vehicle service contract counterparty contingencies 68 127
Cost (recoveries) related to unfunded lending commitments 10 (19)
Provision for loss reimbursement on sold loans (481) 663
Net (gains) losses on other real estate and repossessed assets (87) 652
Other 1,758 1,729
Total Non-interest Expense 22,400 25,473
Income Before Income Tax 4,605 5,842
Income tax expense 1,467 35
Net Income 3,138 5,807
Preferred stock dividends and discount accretion 0 (1,095)
Net income applicable to common stock $ 3,138 $ 4,712
Net Income Per Common Share    
Basic (in dollars per share) $ 0.14 [1] $ 0.51 [1]
Diluted (in dollars per share) $ 0.13 $ 0.27
Dividends Per Common Share    
Declared (in dollars per share) $ 0 $ 0
Paid (in dollars per share) $ 0 $ 0
[1] Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.