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Consolidated Statements of Income (Loss) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
INTEREST INCOME    
Interest and fees on loans $ 33,551 $ 35,042
Interest on investment securities:    
Taxable interest income 905 1,258
Tax-exempt interest income 479 493
Other, principally overnight investments 154 139
Total interest income 35,089 36,932
INTEREST EXPENSE    
Savings, checking and money market 510 849
Time deposits of $100,000 or more 1,613 2,175
Other time deposits 789 1,269
Securities sold under agreements to repurchase    4
Borrowings 256 544
Total interest expense 3,168 4,841
Net interest income 31,921 32,091
Provision for loan losses - non-covered 5,771 18,557
Provision for loan losses - covered 5,378 2,998
Total provision for loan losses 11,149 21,555
Net interest income after provision for loan losses 20,772 10,536
NONINTEREST INCOME    
Service charges on deposit accounts 2,935 2,847
Other service charges, commissions and fees 2,175 2,192
Fees from presold mortgage loans 747 411
Commissions from sales of insurance and financial products 399 383
Bank-owned life insurance income 208 11
Foreclosed property gains (losses and write-downs) - non-covered 758 (688)
Foreclosed property losses and write-downs - covered (4,616) (4,547)
FDIC indemnification asset income (expense), net 4,897 4,105
Securities gains    452
Other gains (losses) (395) 183
Total noninterest income 7,108 5,349
NONINTEREST EXPENSES    
Salaries 10,677 10,174
Employee benefits 2,627 3,914
Total personnel expense 13,304 14,088
Net occupancy expense 1,674 1,681
Equipment related expenses 1,088 1,170
Intangibles amortization 199 223
Other operating expenses 6,959 7,213
Total noninterest expenses 23,224 24,375
Income (loss) before income taxes 4,656 (8,490)
Income tax expense (benefit) 1,556 (3,308)
Net income (loss) 3,100 (5,182)
Preferred stock dividends (245) (760)
Net income (loss) available to common shareholders $ 2,855 $ (5,942)
Earnings (loss) per common share - Basic $ 0.15 $ (0.35)
Earnings (loss) per common share - Diluted $ 0.14 $ (0.35)
Dividends declared per common share $ 0.08 $ 0.08
Weighted average common shares outstanding: Basic 19,669,302 16,924,616
Weighted average common shares outstanding: Diluted 20,409,760 16,924,616