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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended 9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
INTEREST INCOME        
Interest and fees on loans $ 34,497 $ 37,485 $ 105,707 $ 115,770
Interest and dividends on investments 4,527 5,882 14,324 18,977
Other 448 901 1,697 3,018
Total interest income 39,472 44,268 121,728 137,765
INTEREST EXPENSE        
Interest on deposits 5,929 8,189 20,408 24,742
Interest on borrowed money 4,127 4,863 12,369 17,442
Total interest expense 10,056 13,052 32,777 42,184
NET INTEREST INCOME 29,416 31,216 88,951 95,581
Provision for loan losses 77,803 36,373 100,961 107,615
Net interest loss after provision for loan losses (48,387) (5,157) (12,010) (12,034)
NONINTEREST INCOME        
Service charges and fees on deposit accounts 6,982 6,645 19,641 19,129
Insurance 1,239 1,069 3,007 2,680
Mortgage and other loan income 2,045 2,469 5,798 7,012
Trust and plan administration 1,116 1,016 3,405 3,327
Brokerage fees 657 644 1,837 1,690
Gain on sale of business 6,540 0 6,540 0
Other 644 1,939 1,763 4,432
Net securities gains 0 0 1,419 0
Impairment losses on investment securities        
Total other-than-temporary impairment losses on investment securities (54) (311) (710) (2,623)
Less: Noncredit-related losses (gains) recognized in other comprehensive income before taxes 0 0 0 0
Net impairment losses recognized in earnings (54) (311) (710) (2,623)
Total noninterest income 19,169 13,471 42,700 35,647
NONINTEREST EXPENSE        
Salaries and employee benefits 16,451 15,518 50,491 45,472
Occupancy costs 2,203 2,099 6,646 6,562
Furniture and equipment 1,838 2,044 5,524 5,801
Other real estate expenses, net 800 809 1,794 4,114
FDIC insurance and regulatory fees 850 1,112 3,514 3,399
Professional services 1,658 1,436 4,526 3,045
Advertising and marketing 813 674 2,370 2,195
Other loan expense 1,097 451 2,921 1,441
Goodwill impairment 2,501 0 2,501 0
Intangible asset amortization 102 102 307 307
Other expense 4,185 4,429 12,462 13,534
Total noninterest expense 32,498 28,674 93,056 85,870
Loss from continuing operations before taxes (61,716) (20,360) (62,366) (62,257)
Income tax benefit from continuing operations (19,417) (7,825) (19,749) (24,509)
NET LOSS FROM CONTINUING OPERATIONS (42,299) (12,535) (42,617) (37,748)
(Loss) income from discontinued operations (net of income tax) (701) 506 354 2,131
NET LOSS (43,000) (12,029) (42,263) (35,617)
Preferred stock dividends 812 813 2,437 2,440
Accretion on preferred stock discount 149 140 440 413
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (43,961) $ (12,982) $ (45,140) $ (38,470)
Net loss per common share from continuing operations        
Basic (in Dollars per share) $ (2.62) $ (0.82) $ (2.75) $ (2.46)
Diluted (in Dollars per share) $ (2.62) $ (0.82) $ (2.75) $ (2.46)
Net (loss) income per common share from discontinued operations        
Basic (in Dollars per share) $ (0.04) $ 0.03 $ 0.02 $ 0.13
Diluted (in Dollars per share) $ (0.04) $ 0.03 $ 0.02 $ 0.13
Net loss per common share        
Basic (in Dollars per share) $ (2.66) $ (0.79) $ (2.73) $ (2.33)
Diluted (in Dollars per share) $ (2.66) $ (0.79) $ (2.73) $ (2.33)
Average common shares outstanding        
Basic (in Shares) 16,527 16,527 16,527 16,506
Diluted (in Shares) 16,527 16,527 16,527 16,506