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Quarterly Results (Unaudited)
12 Months Ended
Sep. 30, 2011
Quarterly Financial Information [Text Block]

NOTE 21. Quarterly Results (Unaudited)


     The following table presents summarized quarterly financial data.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2011
(in thousands, except per share data)

 

First
Quarter

 

Second
Quarter

 

Third
Quarter

 

Fourth
Quarter

 

Fiscal
Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

42,072

 

$

40,184

 

$

39,472

 

$

38,556

 

$

160,284

 

Interest expense

 

 

11,824

 

 

10,897

 

 

10,056

 

 

9,492

 

 

42,269

 

 

 

                             

Net interest income

 

 

30,248

 

 

29,287

 

 

29,416

 

 

29,064

 

 

118,015

 

Provision for loan losses

 

 

10,483

 

 

12,675

 

 

77,803

 

 

8,940

 

 

109,901

 

Noninterest income

 

 

10,580

 

 

11,255

 

 

11,422

 

 

14,238

 

 

47,495

 

Noninterest expense

 

 

28,570

 

 

30,145

 

 

28,599

 

 

29,588

 

 

116,902

 

 

 

                             

Income (loss) from continuing operations before income taxes

 

 

1,775

 

 

(2,278

)

 

(65,564

)

 

4,774

 

 

(61,293

)

Income tax expense (benefit) from continuing operations

 

 

636

 

 

(913

)

 

(25,288

)

 

1,893

 

 

(23,672

)

 

 

                             

Net income (loss) from continuing operations

 

 

1,139

 

 

(1,365

)

 

(40,276

)

 

2,881

 

 

(37,621

)

Income (loss) from discontinued operations, net of taxes

 

 

28

 

 

935

 

 

(2,724

)

 

(1,804

)

 

(3,565

)

 

 

                             

Net income (loss)

 

 

1,167

 

 

(430

)

 

(43,000

)

 

1,077

 

 

(41,186

)

Preferred stock dividend and accretion

 

 

957

 

 

959

 

 

961

 

 

964

 

 

3,841

 

 

 

                             

Net income (loss) available to common shareholders

 

$

210

 

$

(1,389

)

$

(43,961

)

$

113

 

$

(45,027

)

 

 

                             

Net income (loss) per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.01

 

$

(0.08

)

$

(2.66

)

$

0.01

 

$

(2.72

)

Diluted

 

 

0.01

 

 

(0.08

)

 

(2.66

)

 

0.01

 

 

(2.72

)


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2010
(in thousands, except per share data)

 

First
Quarter

 

Second
Quarter

 

Third
Quarter

 

Fourth
Quarter

 

Fiscal
Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

48,088

 

$

45,405

 

$

44,268

 

$

43,108

 

$

180,869

 

Interest expense

 

 

15,081

 

 

13,916

 

 

13,051

 

 

12,274

 

 

54,322

 

 

 

                           

 

Net interest income

 

 

33,007

 

 

31,489

 

 

31,217

 

 

30,834

 

 

126,547

 

Provision for loan losses

 

 

25,327

 

 

45,915

 

 

36,373

 

 

17,579

 

 

125,194

 

Noninterest income

 

 

11,758

 

 

8,907

 

 

12,440

 

 

12,842

 

 

45,947

 

Noninterest expense

 

 

27,403

 

 

27,993

 

 

27,785

 

 

29,396

 

 

112,577

 

 

 

                           

 

Loss from continuing operations before income taxes

 

 

(7,965

)

 

(33,512

)

 

(20,501

)

 

(3,299

)

 

(65,277

)

Income tax benefit from continuing operations

 

 

(3,389

)

 

(13,133

)

 

(7,880

)

 

(1,567

)

 

(25,969

)

 

 

                           

 

Net loss from continuing operations

 

 

(4,576

)

 

(20,379

)

 

(12,621

)

 

(1,732

)

 

(39,308

)

Income from discontinued operations, net of taxes

 

 

44

 

 

1,323

 

 

592

 

 

560

 

 

2,519

 

 

 

                           

 

Net loss

 

 

(4,532

)

 

(19,056

)

 

(12,029

)

 

(1,172

)

 

(36,789

)

Preferred stock dividend and accretion

 

 

949

 

 

951

 

 

953

 

 

955

 

 

3,808

 

 

 

                           

 

Net loss available to common shareholders

 

$

(5,481

)

$

(20,007

)

$

(12,982

)

$

(2,127

)

$

(40,597

)

 

                             

Net loss per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.33

)

$

(1.21

)

$

(0.79

)

$

(0.13

)

$

(2.46

)

Diluted

 

 

(0.33

)

 

(1.21

)

 

(0.79

)

 

(0.13

)

 

(2.46

)