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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Interest income:    
Loans $ 32,109 $ 40,681
Investment securities and Federal Home Loan Bank stock 3,956 3,445
Interest-bearing deposits 52 250
Total interest income 36,117 44,376
Interest expense:    
Deposits 7,327 15,815
Other borrowed funds 7,270 9,673
Total interest expense 14,597 25,488
Net interest income 21,520 18,888
Provision for credit losses 3,482 8,934
Net interest income after provision for credit losses 18,038 9,954
Non-interest income:    
Total other than temporary losses 0  
Portion of loss recognized in other comprehensive income 0  
Reclassification from accumulated other comprehensive income (59) (86)
Net impairment losses recognized in earnings (59) (86)
Loan servicing income, net of amortization 768 1,153
Credit enhancement income on mortgage loans sold 46 253
Service charges on deposits 2,794 3,753
Investment and insurance commissions 1,037 956
Net gain on sale of loans 1,173 1,347
Net gain on sale of investment securities 1,136 112
Net gain on sale of branches   4,930
Other revenue from real estate partnership operations 38 386
Other 994 863
Total non-interest income 7,927 13,667
Non-interest expense:    
Compensation 10,194 11,825
Occupancy 1,980 2,367
Federal deposit insurance premiums 1,933 4,075
Furniture and equipment 1,544 1,762
Data processing 1,383 1,572
Marketing 305 307
Other expenses from real estate partnership operations 42 502
Foreclosed properties and repossessed assets--net expense 7,625 5,656
Mortgage servicing rights impairment 221 190
Legal services 934 2,099
Other professional fees 575 1,794
Other 3,974 3,546
Total non-interest expense 30,710 35,695
Loss before income taxes (4,745) (12,074)
Income tax expense (benefit) 10  
Net loss (4,755) (12,074)
Preferred stock dividends in arrears (1,536) (1,585)
Preferred stock discount accretion (1,863) (1,863)
Net loss available to common equity (8,154) (15,522)
Comprehensive income (loss) $ 8,181 $ (4,202)
Loss per common share:    
Basic $ (0.38) $ (0.73)
Diluted $ (0.38) $ (0.73)
Dividends declared per common share