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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Condensed Consolidated Statements of Operations [Abstract]        
Interest and fees on loans $ 15,476 $ 17,393 $ 31,689 $ 35,770
Interest and dividends on securities 4,613 3,383 8,336 7,179
Interest on interest bearing deposits and other investments 198 272 431 511
TOTAL INTEREST INCOME 20,287 21,048 40,456 43,460
Interest on deposits 2,950 4,084 5,890 8,551
Interest on borrowed money 796 747 1,569 1,479
TOTAL INTEREST EXPENSE 3,746 4,831 7,459 10,030
NET INTEREST INCOME 16,541 16,217 32,997 33,430
Provision for loan losses 902 16,771 1,542 18,839
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 15,639 (554) 31,455 14,591
Noninterest income        
Other income 4,547 4,252 8,756 8,415
Securities gains, net 0 1,377 0 3,477
TOTAL NONINTEREST INCOME 4,547 5,629 8,756 11,892
TOTAL NONINTEREST EXPENSES 19,073 18,871 38,740 41,843
INCOME (LOSS) BEFORE INCOME TAXES 1,113 (13,796) 1,471 (15,360)
Benefit for income taxes 0 0 0 0
NET INCOME (LOSS) 1,113 (13,796) 1,471 (15,360)
Preferred stock dividends and accretion of preferred stock discount 937 937 1,874 1,874
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 176 $ (14,733) $ (403) $ (17,234)
PER SHARE COMMON STOCK:        
Net income (loss) diluted $ 0 $ (0.25) $ 0 $ (0.29)
Net income (loss) basic $ 0 $ (0.25) $ 0 $ (0.29)
Cash dividends declared $ 0 $ 0 $ 0 $ 0
Average shares outstanding - diluted 93,492,169 60,020,561 93,475,523 59,436,437
Average shares outstanding - basic 93,492,169 60,020,561 93,475,523 59,436,437