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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INTEREST INCOME        
Interest and fees on loans $ 37,104 $ 33,828 $ 105,223 $ 103,169
Interest and dividends on investments 2,771 4,390 10,176 13,691
Other 139 338 317 1,352
Total interest income 40,014 38,556 115,716 118,212
INTEREST EXPENSE        
Interest on deposits 3,747 5,323 11,679 18,131
Interest on borrowed money 3,070 4,169 10,875 12,314
Total interest expense 6,817 9,492 22,554 30,445
NET INTEREST INCOME 33,197 29,064 93,162 87,767
Provision for loan losses 4,533 8,940 15,975 99,418
Net interest income (loss) after provision for loan losses 28,664 20,124 77,187 (11,651)
NONINTEREST INCOME        
Service charges and fees on deposit accounts 7,772 7,196 22,632 20,559
Mortgage and other loan income 4,061 2,743 11,868 5,918
Trust and plan administration 1,117 1,333 3,276 3,561
Brokerage fees 655 588 2,194 1,911
Other 754 647 2,222 1,992
Other-than-temporary impairment on investment securities (145) (169) (359) (345)
Gain on acquisition 0 0 14,550 0
Gain on sale or call of investments 334 0 3,877 1,419
Gain on sold loan pool, net 0 1,900 0 1,900
Total noninterest income 14,548 14,238 60,260 36,915
NONINTEREST EXPENSE        
Salaries and employee benefits 15,621 14,672 45,975 47,441
Occupancy costs 2,333 2,187 7,533 6,512
Furniture and equipment 2,132 1,724 5,834 5,318
Other real estate expenses, net 1,030 3,115 1,694 3,782
FDIC insurance and regulatory fees 693 576 2,448 2,910
Professional services 1,980 1,589 5,320 4,161
Advertising and marketing 964 868 2,582 2,665
Other loan expense 1,620 990 4,254 3,014
Intangible amortization 512 80 970 244
Other expense 6,144 3,787 15,853 11,655
FHLB prepayment termination charge 0 0 8,525 0
Goodwill impairment 0 0 0 630
Total noninterest expense 33,029 29,588 100,988 88,332
Net income (loss) from continuing operations before taxes 10,183 4,774 36,459 (63,068)
Income tax expense (benefit) from continuing operations 3,516 1,893 15,469 (24,308)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 6,667 2,881 20,990 (38,760)
Loss from discontinued operations, net of tax 0 (1,804) 0 (3,593)
NET INCOME (LOSS) 6,667 1,077 20,990 (42,353)
Preferred stock dividends 813 813 2,438 2,438
Accretion on preferred stock discount 160 151 474 446
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 5,694 $ 113 $ 18,078 $ (45,237)
Net income (loss) per common share from continuing operations        
Basic (in Dollars per share) $ 0.34 $ 0.12 $ 1.09 $ (2.52)
Diluted (in Dollars per share) $ 0.34 $ 0.12 $ 1.09 $ (2.52)
Net loss per common share from discontinued operations        
Basic (in Dollars per share) $ 0 $ (0.11) $ 0 $ (0.22)
Diluted (in Dollars per share) $ 0 $ (0.11) $ 0 $ (0.22)
Net income (loss) per common share        
Basic (in Dollars per share) $ 0.34 $ 0.01 $ 1.09 $ (2.74)
Diluted (in Dollars per share) $ 0.34 $ 0.01 $ 1.09 $ (2.74)
Average common shares outstanding        
Basic (in Shares) 16,527 16,527 16,527 16,527
Diluted (in Shares) 16,529 16,527 16,528 16,527