XML 20 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (Loss) (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest earned on cash and cash equivalents $ 24 $ 49 $ 83 $ 172
Dividends received on Federal Home Loan Bank stock 8 10 29 35
Interest earned on trading account assets 5   5  
Interest earned on investment securities available for sale 1,010 1,105 2,984 4,053
Interest and fees earned on loans 9,476 9,912 29,014 30,263
Total interest income 10,523 11,076 32,115 34,523
Interest expense on deposits 475 1,226 1,872 3,958
Interest expense on retail repurchase agreements   1 1 2
Total interest expense 475 1,227 1,873 3,960
Net interest income 10,048 9,849 30,242 30,563
Provision for loan losses 645 600 1,665 11,750
Net interest income after provision for loan losses 9,403 9,249 28,577 18,813
Service charges on deposit accounts, net 1,862 1,635 5,019 4,978
Fees for trust, investment management and brokerage services 214 757 1,888 2,346
Mortgage-banking 375 709 1,510 2,342
Automatic teller machine 329 210 818 699
Bankcard services 70 64 194 183
Investment securities losses (44)   287 9,859
Gain on sale of branches   568   568
Other 473 392 1,545 1,253
Total noninterest income 3,279 4,335 11,261 22,228
Salaries and other personnel 4,862 5,205 15,270 16,148
Occupancy 1,074 1,068 3,188 3,396
Furniture and equipment 930 799 2,748 2,524
Professional services 491 419 1,474 1,309
FDIC deposit insurance assessment 355 383 1,083 1,480
Marketing 267 422 747 984
Foreclosed real estate writedowns and expenses 173 693 2,905 9,027
Loss on other loans held for sale   4 (326) 2,538
Loan workout 410 235 862 622
Other 1,273 1,630 4,170 3,995
Total noninterest expense 9,835 10,858 32,121 42,023
Net income before benefit for income taxes 2,847 2,726 7,717 (982)
Benefit for income taxes (19,386) (436) (18,191) 3,592
Net income $ 22,233 $ 3,162 $ 25,908 $ (4,574)
Net income - basic (in Dollars per share) $ 1.76 $ 0.25 $ 2.05 $ (0.36)
Net income - diluted (in Dollars per share) $ 1.75 $ 0.25 $ 2.04 $ (0.36)
Cash dividends (in Dollars per share) $ 0 $ 0 $ 0 $ 0
Book value (in Dollars per share) $ 9.46 $ 7.36 $ 9.46 $ 7.36
Weighted average common shares outstanding - basic (in Shares) 12,663,162 12,640,517 12,655,473 12,638,838
Weighted average common shares outstanding - diluted (in Shares) 12,740,913 12,640,517 12,716,369 12,638,838