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Consolidated Statements Of Shareholders' Equity And Comprehensive Loss (USD $)
In Thousands, except Share data, unless otherwise specified
Preferred Stock Series A [Member]
Preferred Stock [Member]
Preferred Stock Series A [Member]
Common Stock Warrant [Member]
Preferred Stock Series A [Member]
Preferred Stock [Member]
Common Stock [Member]
Common Stock Warrant [Member]
Retained Earnings/ (Accumulated Deficit) [Member]
Accumulated Other Comprehensive Loss [Member]
Total
Balance at Dec. 31, 2008         $ 143,342   $ 8,904 $ (4,329) $ 147,917
Balance, shares at Dec. 31, 2008         11,428,003        
Comprehensive income / loss:                  
Net loss             (101,696)   (101,696)
Other comprehensive income, net of taxes:                  
Unrealized holding gains arising during the period on securities available-for-sale, net of tax               3,767 3,767
Reclassification adjustment for gains/losses on securities available-for-sale included in net income, net of tax               (3,548) (3,548)
Unrealized holding gains on securities for which credit-related portion was recognized in net realized investment gains/ (losses), net of tax               3,016 3,016
Change in unrealized gains on securities, net of tax               3,235 3,235
Interest rate swap, net of tax               51 51
Pension and post-retirement liability, net of tax               (65) (65)
Total comprehensive loss                 (98,475)
Issuance of preferred stock 47,609 3,891 51,500            
Issuance of preferred stock, shares 51,500                
Accretion of discount on preferred stock       596     (596)    
Cash dividends paid on common stock             (574)   (574)
Cash dividends paid on Series A preferred stock             (2,272)   (2,272)
Stock options:                  
Compensation expense recognized         211       211
Restricted stock:                  
Shares issued/ terminated, subject to restriction         (142)       (142)
Shares issued/ terminated, subject to restriction, shares         (1,590)        
Compensation expense recognized         194       194
Balance at Dec. 31, 2009       48,205 143,605 3,891 (96,234) (1,108) 98,359
Balance, shares at Dec. 31, 2009       51,500 11,426,413        
Comprehensive income / loss:                  
Net loss             (131,827)   (131,827)
Other comprehensive income, net of taxes:                  
Unrealized holding gains arising during the period on securities available-for-sale, net of tax               946 946
Unrealized holding gains arising during the period on reclassifying held-to-maturity securities to available-for-sale securities, net of tax               2,105 2,105
Reclassification adjustment for gains/losses on securities available-for-sale included in net income, net of tax               (6,441) (6,441)
Change in unrealized gains on securities, net of tax               (3,390) (3,390)
Interest rate swap, net of tax               249 249
Pension and post-retirement liability, net of tax               558 558
Total comprehensive loss                 (134,410)
Issuance of preferred stock 7,500   7,500            
Issuance of preferred stock, shares 7,500,000                
Accretion of discount on preferred stock       719     (719)    
Cash dividends paid on Series A preferred stock             (315)   (315)
Stock options:                  
Compensation expense recognized         32       32
Restricted stock:                  
Shares issued/ terminated, subject to restriction         (21)       (21)
Shares issued/ terminated, subject to restriction, shares         (2,023)        
Compensation expense recognized         18       18
Balance at Dec. 31, 2010       56,424 143,634 3,891 (229,095) (3,691) (28,837)
Balance, shares at Dec. 31, 2010       7,551,500 11,424,390        
Comprehensive income / loss:                  
Net loss             (137,314)   (137,314)
Other comprehensive income, net of taxes:                  
Unrealized holding gains arising during the period on securities available-for-sale, net of tax               (3,605) (3,605)
Reclassification adjustment for gains/losses on securities available-for-sale included in net income, net of tax               4,415 4,415
Change in unrealized gains on securities, net of tax               810 810
Pension and post-retirement liability, net of tax               (1,088) (1,088)
Total comprehensive loss                 (137,592)
Issuance of preferred stock       5,000         5,000
Issuance of preferred stock, shares       5,000,000          
Accretion of discount on preferred stock       571     (571)    
Repurchase and retirement of preferred stock       (12,500)     9,375   (3,125)
Repurchase and retirement of preferred stock, shares       (12,500,000)          
Conversion of Series A preferred stock to common stock       (49,495) 17,014 (3,891) 36,179   (193)
Conversion of Series A preferred stock to common stock, shares       (51,500) (108,555,303)        
Issuance of common stock, net of cost         289,571       289,571
Issuance of common stock, shares         1,937,506,282        
Issuance of common stock to shareholders of acquired company         4,924       4,924
Issuance of common stock to shareholders of acquired company, shares         52,159,413        
Cash dividends paid on Series A preferred stock             (756)   (756)
Stock options:                  
Compensation expense recognized         23       23
Restricted stock:                  
Shares issued/ terminated, subject to restriction, shares         (518)        
Adjustment for reverse stock split, shares         2,088,542,202        
Balance at Dec. 31, 2011         $ 455,166   $ (322,182) $ (3,969) $ 129,015
Balance, shares at Dec. 31, 2011         21,102,668