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Consolidated Statement of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest and dividend income:    
Loans $ 51,946 $ 52,571
Taxable investment securities 1,256 1,380
Non-taxable investment securities 848 1,089
Mortgage-backed securities 1,603 1,807
Federal funds sold and other 149 319
Total interest and dividend income 55,802 57,166
Interest expense:    
Deposits 4,903 6,650
Federal Home Loan Bank borrowings 3,945 4,391
Junior subordinated debentures 1,752 1,893
Repurchase agreements and other short-term borrowings 434 521
Total interest expense 11,034 13,455
Net interest income 44,768 43,711
Provision/ (Credit) for loan losses 4,000 13,350
Net interest income/(loss) after provision for loan losses 40,768 30,361
Fees and other income:    
Investment management and trust fees 15,238 16,083
Wealth advisory fees 9,236 8,433
Other banking fee income 1,017 1,234
Gain on repurchase of debt 879 0
Gain on sale of investments, net 13 419
Gain on sale of loans, net 421 385
Gain/(loss) on OREO, net (41) 110
Other 691 1,792
Total fees and other income 27,454 28,456
Operating expense:    
Salaries and employee benefits 36,912 35,636
Occupancy and equipment 7,265 7,228
Professional services 2,939 5,143
Marketing and business development 1,329 1,434
Contract services and data processing 1,188 1,134
Amortization of intangibles 1,090 1,159
FDIC insurance 849 2,236
Restructuring expense 135 1,982
Other 3,920 4,109
Total operating expense 55,627 60,061
Income/(loss) before income taxes 12,595 (1,244)
Income tax expense/(benefit) 3,851 (179)
Net income/(loss) from continuing operations 8,744 (1,065)
Net income/(loss) from discontinued operations 1,554 1,663
Net income/ (loss) before attrubution to noncontrolling interests 10,298 598
Less: Net income/ (loss) attributable to noncontrolling interests 793 747
Net income/(loss) attributable to the Company 9,505 (149)
Adjustments to net income/(loss) attributable to the Company to arrive at net income/(loss) attributable to common stockholders (1,110) (276)
Net income/(loss) attributable to common stockholders for basic earnings/(loss) per share calculation $ 8,395 $ (425)
Basic earnings/(loss) per share attributable to common stockholders:    
From continuing operations: $ 0.09 $ (0.03)
From discontinued operations: $ 0.02 $ 0.02
Total attributable to common stockholders: $ 0.11 $ (0.01)
Weighted average basic common shares outstanding 75,632,980 74,670,533
Diluted earnings/(loss) per share attributable to common stockholders:    
From continuing operations: $ 0.09 $ (0.03)
From discontinued operations: $ 0.02 $ 0.02
Total attributable to common stockholders: $ 0.11 $ (0.01)
Weighted average diluted common shares outstanding 76,432,851 74,670,533