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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income      
Loans, including fees $ 92,941 $ 105,179 $ 115,873
Securities      
Taxable 16,040 18,830 19,490
Tax exempt 12,415 10,360 7,663
Federal funds sold and money market funds 212 114 128
Deposits with financial institutions 3 88 87
Total interest income 121,611 134,571 143,241
Interest expense      
Deposits 14,111 23,162 32,497
Federal Home Loan Bank advances 5,754 8,144 10,235
Subordinated debentures 1,737 1,755 2,059
Other borrowings 161 258 442
Total interest expense 21,763 33,319 45,233
Net interest income 99,848 101,252 98,008
Provision for loan losses 17,800 35,250 46,310
Net interest income after provision for loan losses 82,048 66,002 51,698
Non-interest income      
Service charges on deposit accounts 18,147 17,462 16,537
Interchange income 6,225 5,487 5,178
Mortgage banking 5,551 7,642 9,028
Trust and investment product fees 3,250 2,363 1,743
Increase in cash surrender value of life insurance 1,200 1,246 890
Net realized gains on securities 11,357 2,979 1,263
Gain/(loss) on sale and write-down of OREO (2,744) (1,097) 200
Insurance commissions   1,711 2,071
Other income 2,322 3,498 3,140
Total non-interest income 45,308 41,291 40,050
Non-interest expense      
Salaries and employee benefits 49,950 50,138 46,342
Net occupancy 6,686 6,654 6,660
Equipment 7,822 7,855 7,468
Intangibles amortization 1,939 2,066 2,199
Telecommunications 1,991 1,882 2,015
Stationery printing and supplies 1,510 1,478 1,608
FDIC assessment 3,974 4,940 4,976
Marketing 4,057 3,412 3,040
Collection expenses 4,334 3,579 3,255
Goodwill impairment     80,310
Consultant expense 6,547    
Other expenses 10,995 10,248 9,659
Total non-interest expense 99,805 92,252 167,532
Income/(loss) before income tax 27,551 15,041 (75,784)
Income tax expense/(benefit) 3,738 239 (11,645)
Net income/(loss) 23,813 14,802 (64,139)
Preferred dividends and discount accretion 3,054 3,054 2,919
Net income/(loss) attributable to common shareholders $ 20,759 $ 11,748 $ (67,058)
Net income/(loss) per common share - basic (in dollars per share) $ 1.03 $ 0.58 $ (3.33)
Net income/(loss) per common share - diluted (in dollars per share) $ 1.03 $ 0.58 $ (3.33)