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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Income Statement [Abstract]        
Interest and fees on loans $ 14,756 $ 14,371 $ 43,047 $ 43,852
Interest and dividends on securities 3,229 3,211 9,456 10,902
Interest on interest bearing deposits and other investments 192 243 644 727
TOTAL INTEREST INCOME 18,177 17,825 53,147 55,481
Interest on deposits 657 1,118 2,089 4,618
Interest on borrowed money 705 755 2,129 2,262
TOTAL INTEREST EXPENSE 1,362 1,873 4,218 6,880
NET INTEREST INCOME 16,815 15,952 48,929 48,601
Provision for loan losses 1,180 900 2,698 9,660
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 15,635 15,052 46,231 38,941
Noninterest income        
Other income 6,087 5,679 18,353 15,835
Securities gains, net (includes net losses of $366 and net gains of $149 in other comprehensive income reclassifications for the three months and nine months, respectively) 280 48 419 7,037
TOTAL NONINTEREST INCOME 6,367 5,727 18,772 22,872
TOTAL NONINTEREST EXPENSES 18,503 20,332 56,506 62,763
INCOME (LOSS) BEFORE INCOME TAXES 3,499 447 8,497 (950)
Provision for income (losses) taxes (benefit) (includes $(141) and $58 in income taxes (benefits) from reclassification items for the three months and nine months, respectively) (41,642) 0 (41,642) 0
NET INCOME (LOSS) 45,141 447 50,139 (950)
Preferred stock dividends and accretion of preferred stock discount 937 937 2,811 2,811
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 44,204 $ (490) $ 47,328 $ (3,761)
PER SHARE COMMON STOCK:        
Net income (loss) diluted $ 0.46 $ (0.01) $ 0.50 $ (0.04)
Net income (loss) basic $ 0.47 $ (0.01) $ 0.50 $ (0.04)
Cash dividends declared $ 0.00 $ 0.00 $ 0.00 $ 0.00
Average shares outstanding - diluted 95,490,153 94,481,997 94,936,042 94,443,215
Average shares outstanding - basic 94,029,583 93,777,662 93,983,629 93,688,003