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Consolidated Statements of Income (Loss) (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest on securities      
Taxable $ 17,500 $ 13,881 $ 16,357
Nontaxable 140 227 305
Interest and fees on loans 62,355 69,454 84,882
Interest on federal funds sold and interest bearing deposits 797 979 661
Total interest income 80,792 84,541 102,205
INTEREST EXPENSE      
Interest on savings deposits 2,371 3,952 6,031
Interest on time certificates 8,615 11,345 18,749
Interest on short term borrowings 276 237 431
Interest on subordinated debt 1,084 1,188 1,354
Interest on other borrowings 1,607 1,607 2,051
Total interest expense 13,953 18,329 28,616
NET INTEREST INCOME 66,839 66,212 73,589
Provision for loan losses 1,974 31,680 124,767
NET INTEREST INCOME (LOSS) AFTER PROVISION FOR LOAN LOSSES 64,865 34,532 (51,178)
NONINTEREST INCOME      
Securities gains, net 1,220 3,687 5,399
Other 18,345 18,134 17,495
Total noninterest income 19,565 21,821 22,894
NONINTEREST EXPENSE      
Other noninterest expenses 77,763 89,556 80,414
Goodwill impairment     49,813
Total noninterest expense 77,763 89,556 130,227
INCOME (LOSS) BEFORE INCOME TAXES 6,667 (33,203) (158,511)
Benefit for income taxes 0 0 (11,825)
NET INCOME (LOSS) 6,667 (33,203) (146,686)
Preferred stock dividends and accretion on preferred stock discount 3,748 3,748 3,748
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 2,919 $ (36,951) $ (150,434)
Net income (loss) per share of common stock      
Diluted $ 0.03 $ (0.48) $ (4.74)
Basic $ 0.03 $ (0.48) $ (4.74)
Average common shares outstanding      
Diluted 93,801,073 76,561,692 31,733,260
Basic 93,511,983 76,561,692 31,733,260