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Condensed Consolidated Statements of Operations (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest Income        
Interest and fees on loans $ 18,146 $ 20,303 $ 36,361 $ 41,013
Interest on securities        
Taxable 1,596 993 2,979 1,663
Tax-exempt 287 242 549 480
Other investments 328 324 751 656
Total Interest Income 20,357 21,862 40,640 43,812
Interest Expense        
Deposits 1,260 1,463 2,553 2,992
Other borrowings 559 876 1,071 1,741
Total Interest Expense 1,819 2,339 3,624 4,733
Net Interest Income 18,538 19,523 37,016 39,079
Provision for loan losses (1,845) (2,107) (1,417) (2,798)
Net Interest Income After Provision for Loan Losses 20,383 21,630 38,433 41,877
Non-interest Income        
Service charges on deposit accounts 3,532 3,583 6,587 6,989
Interchange income 2,067 1,933 4,008 3,690
Net gains (losses) on assets        
Mortgage loans 1,505 3,208 2,649 6,845
Securities 54 107 166 191
Other than temporary impairment loss on securities        
Total impairment loss 0 (26) 0 (26)
Loss recognized in other comprehensive loss 0 0 0 0
Net impairment loss recognized in earnings 0 (26) 0 (26)
Mortgage loan servicing 193 1,654 457 2,276
Title insurance fees 217 368 491 852
Decrease (increase) in fair value of U.S. Treasury warrant 0 20 0 (1,025)
Other 2,508 2,164 4,673 4,287
Total Non-interest Income 10,076 13,011 19,031 24,079
Non-interest Expense        
Compensation and employee benefits 11,818 11,715 23,056 23,022
Occupancy, net 2,153 2,147 4,636 4,571
Data processing 1,777 2,042 3,863 3,958
Loan and collection 1,427 1,702 2,892 3,928
Furniture, fixtures and equipment 1,053 1,088 2,122 2,120
Communications 711 730 1,500 1,510
Advertising 601 659 1,120 1,229
FDIC deposit insurance 422 711 839 1,341
Legal and professional 420 664 821 1,356
Interchange expense 342 418 744 828
Credit card and bank service fees 245 331 508 665
Vehicle service contract counterparty contingencies 73 3,127 141 3,254
Costs related to unfunded lending commitments 5 48 15 29
Provision for loss reimbursement on sold loans 15 356 (466) 1,019
Net (gains) losses on other real estate and repossessed assets (38) 320 (125) 972
Other 1,536 1,684 3,294 3,413
Total Non-interest Expense 22,560 27,742 44,960 53,215
Income Before Income Tax 7,899 6,899 12,504 12,741
Income tax expense (benefit) 1,847 (56,489) 3,314 (56,454)
Net Income 6,052 63,388 9,190 69,195
Preferred stock dividends and discount accretion 0 (1,157) 0 (2,252)
Net Income Applicable to Common Stock $ 6,052 $ 62,231 $ 9,190 $ 66,943
Net Income Per Common Share        
Basic (in dollars per share) $ 0.26 $ 6.56 $ 0.40 $ 7.14
Diluted (in dollars per share) $ 0.26 $ 2.64 $ 0.39 $ 2.90
Dividends Per Common Share        
Declared (in dollars per share) $ 0.06 $ 0 $ 0.06 $ 0
Paid (in dollars per share) $ 0.06 $ 0 $ 0.06 $ 0