XML 28 R18.htm IDEA: XBRL DOCUMENT v2.3.0.15
Noninterest Expenses
9 Months Ended
Sep. 30, 2011
Noninterest Expense Abstract 
Other Income And Other Expense Disclosure Text Block

13. NONINTEREST EXPENSES

 

During the nine months ended September 30, 2011 and 2010, we recorded $780,000 (including $334,000 in the first quarter of 2011 and $446,000 in the second quarter of 2011) and $311,000 (including $168,000 in the second quarter of 2010 and $143,000 in the third quarter of 2010), respectively, in non-routine charges related to the acquisition and integration of Christiana Bank & Trust. These expenses mainly reflected salaries, benefits and other compensation, data processing and operations expenses and professional fees.

 

During the nine months ended September 30, 2010, we recorded a $4.5 million non-routine charge and subsequent complete recovery. On February 19, 2010, we reported in a regulatory filing that an executive of an armored car company that served as a vendor for several of Cash Connect's customers, engaged in embezzlement. In the first quarter of 2010, we recorded a $4.5 million loss related to funds not immediately recoverable by Cash Connect. These funds were fully recovered during the third quarter of 2010.