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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
4 Months Ended 8 Months Ended 12 Months Ended
Dec. 31, 2011
Successor
Sep. 07, 2011
Predecessor
Dec. 31, 2010
Predecessor
Dec. 31, 2009
Predecessor
Interest income:        
Interest and fees on loans   $ 65,258 $ 113,721 $ 129,212
Taxable securities   4,290 4,938 7,035
Nontaxable securities   790 1,241 1,260
FHLB and other stock   374 530 573
Federal funds sold and other   468 434 376
Total interest income   71,180 120,864 138,456
Interest expense:        
Deposits   12,764 28,434 45,768
Federal funds purchased and repurchase agreements   11 22 29
FHLB advances and notes payable   4,314 6,835 9,557
Subordinated debentures 977 1,315 1,980 2,577
Total interest expense 977 18,404 37,271 57,931
Net interest income (977) 52,776 83,593 80,525
Provision for loan losses   43,742 71,107 50,246
Net interest income (loss) after provision for loan losses (977) 9,034 12,486 30,279
Non-interest income:        
Service charges on deposit accounts   16,346 24,179 23,738
Other charges and fees   1,147 1,791 1,999
Trust and investment services income   1,457 2,842 1,977
Mortgage banking income   271 703 383
Equity Method Income in Capital Bank NA 3,446      
Other income 19 2,258 3,122 3,042
Securities gains (losses), net        
Realized gains (losses), net   6,324   1,415
Other-than-temporary impairment     (553) (1,678)
Less non-credit portion recognized in other comprehensive income     460 702
Total non-interest income 3,465 27,803 32,544 31,578
Non-interest expense:        
Employee compensation   21,560 31,990 30,611
Employee benefits   2,458 3,378 3,835
Occupancy expense   5,308 6,908 6,956
Equipment expense   2,176 2,846 3,092
Computer hardware/software expense   2,508 3,523 2,816
Professional services 163 3,099 2,777 2,108
Advertising   1,533 2,388 1,894
OREO maintenance expense   2,976 2,324 1,222
Collection and repossession expense   1,727 3,228 3,131
Loss on OREO and repossessed assets   20,101 29,895 8,156
FDIC insurance   2,629 4,155 4,960
Core deposit and other intangible amortization   1,716 2,584 2,750
Goodwill impairment       143,389
Other expenses 119 9,591 14,819 14,667
Total non-interest expense 282 77,382 110,815 229,587
Income (loss) before income taxes 2,206 (40,545) (65,785) (167,730)
Income taxes provision (benefit) (441) 974 14,910 (17,036)
Net income (loss) 2,647 (41,519) (80,695) (150,694)
Preferred stock dividends and accretion of discount on warrants   3,409 5,001 4,982
Gain on retirement of Series A preferred allocated to common shareholders   11,188    
Net income (loss) available to common shareholders $ 2,647 $ (33,740) $ (85,696) $ (155,676)
Per share of common stock:        
Basic earnings (loss) $ 0.02 $ (2.57) $ (6.54) $ (11.91)
Diluted earnings (loss) $ 0.02 $ (2.57) $ (6.54) $ (11.91)
Dividends $ 0.00 $ 0.00 $ 0.00 $ 0.00
Weighted average shares outstanding:        
Basic 133,083,705 13,125,521 13,093,847 13,068,407
Diluted 133,160,384 13,125,521 13,093,847 13,068,407