XML 42 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Condensed Consolidated Statements of Income [Abstract]        
Interest and fees on loans $ 14,371 $ 15,315 $ 43,852 $ 47,004
Interest and dividends on securities 3,211 4,788 10,902 13,124
Interest on interest bearing deposits and other investments 243 175 727 606
TOTAL INTEREST INCOME 17,825 20,278 55,481 60,734
Interest on deposits 1,118 2,739 4,618 8,629
Interest on borrowed money 755 671 2,262 2,240
TOTAL INTEREST EXPENSE 1,873 3,410 6,880 10,869
NET INTEREST INCOME 15,952 16,868 48,601 49,865
Provision for loan losses 900 0 9,660 1,542
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 15,052 16,868 38,941 48,323
Noninterest income        
Other income 5,679 4,706 15,835 13,462
Securities gains, net 48 137 7,037 137
TOTAL NONINTEREST INCOME 5,727 4,843 22,872 13,599
TOTAL NONINTEREST EXPENSES 20,332 19,063 62,763 57,803
INCOME BEFORE INCOME TAXES 447 2,648 (950) 4,119
Provision for income taxes 0 0 0 0
NET INCOME 447 2,648 (950) 4,119
Preferred stock dividends and accretion of preferred stock discount 937 937 2,811 2,811
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ (490) $ 1,711 $ (3,761) $ 1,308
PER SHARE COMMON STOCK:        
Net income (loss) diluted $ (0.01) $ 0.02 $ (0.04) $ 0.01
Net income (loss) basic $ (0.01) $ 0.02 $ (0.04) $ 0.01
Cash dividends declared $ 0.00 $ 0.00 $ 0.00 $ 0.00
Average shares outstanding - diluted 94,481,997 93,878,199 94,443,215 93,611,223
Average shares outstanding - basic 93,777,662 93,524,950 93,688,003 93,492,180