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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest on securities      
Taxable $ 13,964 $ 17,500 $ 13,881
Nontaxable 80 140 227
Interest and fees on loans 58,290 62,355 69,454
Interest on federal funds sold and interest bearing deposits 953 797 979
Total interest income 73,287 80,792 84,541
INTEREST EXPENSE      
Interest on savings deposits 1,522 2,371 3,952
Interest on time certificates 3,969 8,615 11,345
Interest on short term borrowings 340 276 237
Interest on subordinated debt 1,035 1,084 1,188
Interest on other borrowings 1,612 1,607 1,607
Total interest expense 8,478 13,953 18,329
NET INTEREST INCOME 64,809 66,839 66,212
Provision for loan losses 10,796 1,974 31,680
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 54,013 64,865 34,532
NONINTEREST INCOME      
Loss on sale of commercial loan (1,238) 0 0
Securities gains, net 7,619 1,220 3,687
Other 21,444 18,345 18,134
Total noninterest income 27,825 19,565 21,821
NONINTEREST EXPENSE 82,548 77,763 89,556
INCOME (LOSS) BEFORE INCOME TAXES (710) 6,667 (33,203)
Provision for income taxes 0 0 0
NET INCOME (LOSS) (710) 6,667 (33,203)
Preferred stock dividends and accretion on preferred stock discount 3,748 3,748 3,748
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ (4,458) $ 2,919 $ (36,951)
Net income (loss) per share of common stock      
Diluted $ (0.05) $ 0.03 $ (0.48)
Basic $ (0.05) $ 0.03 $ (0.48)
Average common shares outstanding      
Diluted 93,743,787 93,801,073 76,561,692
Basic 93,743,787 93,511,983 76,561,692