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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
INTEREST INCOME        
Interest and fees on loans $ 35,643 $ 34,497 $ 68,119 $ 69,341
Interest and dividends on investments 3,538 4,527 7,405 9,301
Other 162 448 178 1,014
Total interest income 39,343 39,472 75,702 79,656
INTEREST EXPENSE        
Interest on deposits 3,981 5,929 7,932 12,808
Interest on borrowed money 3,649 4,127 7,805 8,145
Total interest expense 7,630 10,056 15,737 20,953
NET INTEREST INCOME 31,713 29,416 59,965 58,703
Provision for loan losses 4,697 77,803 11,442 90,478
Net interest income (loss) after provision for loan losses 27,016 (48,387) 48,523 (31,775)
NONINTEREST INCOME        
Service charges and fees on deposit accounts 7,558 6,982 14,860 13,363
Mortgage and other loan income 4,372 2,051 7,807 3,175
Trust and plan administration 1,078 1,116 2,159 2,228
Brokerage fees 875 657 1,539 1,323
Other 699 670 1,468 1,345
Other-than-temporary impairment on investment securities (145) (54) (214) (176)
Gain on acquisition 14,550 0 14,550 0
Gain on sale of investments 3,543 0 3,543 1,419
Total noninterest income 32,530 11,422 45,712 22,677
NONINTEREST EXPENSE        
Salaries and employee benefits 15,212 15,373 30,354 32,769
Occupancy costs 2,933 2,117 5,200 4,325
Furniture and equipment 1,893 1,769 3,702 3,594
Other real estate expenses, net 134 800 664 667
FDIC insurance and regulatory fees 761 850 1,747 2,334
Professional services 1,816 1,094 3,247 2,420
Advertising and marketing 972 810 1,628 1,803
Other loan expense 1,283 1,099 2,634 2,024
Intangible amortization 368 82 458 164
Other expense 5,353 3,976 9,800 8,015
FHLB prepayment termination charge 8,525 0 8,525 0
Goodwill impairment 0 630 0 630
Total noninterest expense 39,250 28,600 67,959 58,745
Net income (loss) from continuing operations before taxes 20,296 (65,565) 26,276 (67,843)
Income tax expense (benefit) from continuing operations 7,712 (25,288) 11,953 (26,201)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 12,584 (40,277) 14,323 (41,642)
Loss from discontinued operations, net of tax 0 (2,724) 0 (1,789)
NET INCOME (LOSS) 12,584 (43,001) 14,323 (43,431)
Preferred stock dividends 812 813 1,625 1,625
Accretion on preferred stock discount 158 149 314 295
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 11,614 $ (43,963) $ 12,384 $ (45,351)
Net income (loss) per common share from continuing operations        
Basic (in Dollars per share) $ 0.70 $ (2.50) $ 0.75 $ (2.64)
Diluted (in Dollars per share) $ 0.70 $ (2.50) $ 0.75 $ (2.64)
Net loss per common share from discontinued operations        
Basic (in Dollars per share) $ 0 $ (0.16) $ 0 $ (0.11)
Diluted (in Dollars per share) $ 0 $ (0.16) $ 0 $ (0.11)
Net income (loss) per common share        
Basic (in Dollars per share) $ 0.70 $ (2.66) $ 0.75 $ (2.75)
Diluted (in Dollars per share) $ 0.70 $ (2.66) $ 0.75 $ (2.75)
Average common shares outstanding        
Basic (in Shares) 16,527 16,527 16,527 16,527
Diluted (in Shares) 16,528 16,527 16,528 16,527