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Consolidated Statement of Operations (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest and dividend income:    
Loans$ 53,030$ 58,036$ 160,153$ 173,337
Taxable investment securities1,4931,6134,2634,742
Non-taxable investment securities8911,2832,9223,869
Mortgage-backed securities1,8731,9025,5216,228
Federal funds sold and other245223849943
Total interest and dividend income57,53263,057173,708189,119
Interest expense:    
Deposits5,9218,71018,87128,721
Federal Home Loan Bank borrowings4,2034,87012,85615,358
Junior subordinated debentures1,8512,5115,6487,505
Repurchase agreements and other short-term borrowings4855221,5261,763
Total interest expense12,46016,61338,90153,347
Net interest income45,07246,444134,807135,772
Provision/ (Credit) for loan losses4,50032,05015,66054,627
Net interest income/(loss) after provision for loan losses40,57214,394119,14781,145
Fees and other income:    
Investment management and trust fees16,16114,44348,58144,674
Wealth advisory fees10,2499,52530,59728,087
Other banking fee income1,3391,5463,8593,987
Gain on repurchase of debt001,8380
Gain on sale of investments, net1031,1476893,566
Gain on sale of loans, net3867131,8971,670
Gain/(loss) on OREO, net3,156(626)4,110(2,645)
Other(44)5512,1861,021
Total fees and other income31,35027,29993,75780,360
Operating expense:    
Salaries and employee benefits34,90038,662107,539107,164
Occupancy and equipment7,6277,03622,40120,519
Professional services3,6674,85714,16414,025
Marketing and business development1,5101,6774,8695,229
Contract services and data processing1,3061,2904,0174,052
Amortization of intangibles1,1771,2993,8393,968
FDIC insurance1,3562,1374,8876,490
Restructuring expense1,11607,4020
Other3,8194,02111,53012,231
Total operating expense56,47860,979180,648173,678
Income/(loss) before income taxes15,444(19,286)32,256(12,173)
Income tax expense/(benefit)4,570(12,412)8,620(11,278)
Net income/(loss) from continuing operations10,874(6,874)23,636(895)
Net income/(loss) from discontinued operations1,5672674,7521,812
Net income/ (loss) before attrubution to noncontrolling interests12,441(6,607)28,388917
Less: Net income/ (loss) attributable to noncontrolling interests7626292,3131,929
Net income/(loss) attributable to the Company11,679(7,236)26,075(1,012)
Adjustments to net income/(loss) attributable to the Company to arrive at net income/(loss) attributable to common stockholders(265)163(740)(9,466)
Net income/(loss) attributable to common stockholders for basic earnings/(loss) per share calculation$ 11,414$ (7,073)$ 25,335$ (10,478)
Basic earnings/(loss) per share attributable to common stockholders:    
From continuing operations:$ 0.13$ (0.10)$ 0.28$ (0.18)
From discontinued operations:$ 0.02$ 0.00$ 0.06$ 0.03
Total attributable to common stockholders:$ 0.15$ (0.10)$ 0.34$ (0.15)
Weighted average basic common shares outstanding75,378,92374,153,62375,083,97670,293,324
Diluted earnings/(loss) per share attributable to common stockholders:    
From continuing operations:$ 0.12$ (0.10)$ 0.25$ (0.18)
From discontinued operations:$ 0.02$ 0.00$ 0.06$ 0.03
Total attributable to common stockholders:$ 0.14$ (0.10)$ 0.31$ (0.15)
Weighted average diluted common shares outstanding83,556,40874,153,62383,176,06070,293,324