SEGMENT AND RELATED INFORMATION

12 Months Ended

Dec. 31, 2011

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

21. SEGMENT AND RELATED INFORMATION

     Bancorp accounts for intercompany fees and services at a fair value according to regulatory requirements for the service provided. Intercompany items relate primarily to the use of accounting, human resources, data processing and marketing services provided by the Bank, West Coast Trust, and the holding company. All other accounting policies are the same as those described in the summary of significant accounting policies.

Summarized financial information concerning Bancorp’s reportable segments and the reconciliation to Bancorp’s consolidated results is shown in the following table. The “Other” column includes West Coast Trust’s operations and holding company related items including activity relating to trust preferred securities. Investment in subsidiaries is netted out of the presentations below. The “Intercompany” column identifies the intercompany activities of revenues, expenses and other assets, between the “Banking” and “Other” segment.

	As of and for the year ended
(Dollars in thousands)	December 31, 2011
	Banking			Other			Intercompany			Consolidated
Interest income	$	98,629		$	46		$	-		$	98,675
Interest expense		16,743			1,178			-			17,921
Net interest income (loss)		81,886			(1,132	)		-			80,754
Provision for credit losses		8,133			-			-			8,133
Noninterest income		29,796			3,105			(1,082	)		31,819
Noninterest expense		88,298			3,659			(1,082	)		90,875
Income (loss) before income taxes		15,251			(1,686	)		-			13,565
Provision (benefit) for income taxes		(19,555	)		(657	)		-			(20,212	)
Net income (loss)	$	34,806		$	(1,029	)	$	-		$	33,777
Depreciation, amortization and accretion	$	8,964		$	30		$	-		$	8,994
Assets	$	2,424,832		$	15,636		$	(10,581	)	$	2,429,887
Loans, net	$	1,466,089		$	-		$	-		$	1,466,089
Deposits	$	1,925,567		$	-		$	(9,998	)	$	1,915,569
Equity	$	352,188		$	(37,709	)	$	-		$	314,479
	As of and for the year ended
(Dollars in thousands)	December 31, 2010
	Banking			Other			Intercompany			Consolidated
Interest income	$	105,510		$	66		$	-		$	105,576
Interest expense		21,126			1,143			-			22,269
Net interest income (loss)		84,384			(1,077	)		-			83,307
Provision for credit losses		18,652			-			-			18,652
Noninterest income		30,789			3,053			(1,145	)		32,697
Noninterest expense		87,841			3,641			(1,145	)		90,337
Loss before income taxes		8,680			(1,665	)		-			7,015
Benefit for income taxes		4,439			(649	)		-			3,790
Net income (loss)	$	4,241		$	(1,016	)	$	-		$	3,225
Depreciation, amortization and accretion	$	8,742		$	36		$	-		$	8,778
Assets	$	2,456,223		$	17,650		$	(12,814	)	$	2,461,059
Loans, net	$	1,496,053		$	-		$	-		$	1,496,053
Deposits	$	1,952,780		$	-		$	(12,258	)	$	1,940,522
Equity	$	310,487		$	(37,927	)	$	-		$	272,560

	As of and for the year ended
(Dollars in thousands)	December 31, 2009
	Banking			Other			Intercompany			Consolidated
Interest income	$	112,068		$	82		$	-		$	112,150
Interest expense		31,941			1,482			-			33,423
Net interest income (loss)		80,127			(1,400	)		-			78,727
Provision for credit losses		90,057			-			-			90,057
Noninterest income		7,208			3,032			(1,111	)		9,129
Noninterest expense		105,917			3,482			(1,111	)		108,288
Loss before income taxes		(108,639	)		(1,850	)		-			(110,489	)
Benefit for income taxes		(18,555	)		(721	)		-			(19,276	)
Net loss	$	(90,084	)	$	(1,129	)	$	-		$	(91,213	)
Depreciation, amortization and accretion	$	8,253		$	28		$	-		$	8,281
Assets	$	2,729,453		$	17,370		$	(13,276	)	$	2,733,547
Loans, net	$	1,686,352		$	-		$	-		$	1,686,352
Deposits	$	2,159,342		$	-		$	(12,458	)	$	2,146,884
Equity	$	288,477		$	(39,419	)	$	-		$	249,058