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Consolidated Statements of Operations and Comprehensive Loss (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2011
Interest income      
Loans $ 93,335 $ 116,929 $ 150,692
Investment securities and Federal Home Loan Bank stock 5,912 9,738 15,249
Interest-earning deposits 635 586 526
Total interest income 99,882 127,253 166,467
Interest expense      
Deposits 10,324 24,962 48,626
Other borrowed funds 27,075 30,367 32,757
Total interest expense 37,399 55,329 81,383
Net interest income 62,483 71,924 85,084
Provision for credit losses 9,125 33,578 51,198
Net interest income after provision for credit losses 53,358 38,346 33,886
Non-interest income      
Impairment on new OTTI securities   (10) (8)
Reclassification of credit related other-than-temporary impairment from other comprehensive income (408) (558) (432)
Net impairment losses recognized in earnings (408) (568) (440)
Loan servicing income (loss), net of amortization (1,892) (789) 2,128
Service charges on deposits 10,435 10,589 11,463
Investment and insurance commissions 3,894 3,808 3,448
Net gain on sale of loans 23,195 17,680 17,925
Net gain (loss) on sale and call of investment securities (247) 6,579 8,661
Net gain on sale of OREO 6,876 6,118 3,640
Net gain on sale of branches     7,350
Other income 4,048 5,844 5,085
Total non-interest income 45,901 49,261 59,260
Non-interest expense      
Compensation and benefits 40,736 41,262 41,485
Occupancy 8,133 7,946 8,541
Furniture and equipment 4,563 5,665 6,198
Federal deposit insurance premiums 5,921 7,189 11,402
Data processing 6,223 6,259 6,540
Communications 1,840 2,081 2,389
Marketing 1,345 1,466 1,491
OREO expense, net 37,571 28,684 30,926
Investor loss reimbursement 4,530 157 0
Mortgage servicing rights impairment (recovery) (403) 2,410 (97)
Legal services 5,256 5,024 8,040
Other professional fees 2,346 3,669 5,294
Insurance 1,656 1,478 1,126
Debt prepayment penalty 3,549    
Other expense 10,346 11,045 10,825
Total non-interest expense 133,612 124,335 134,160
Loss before income taxes (34,353) (36,728) (41,014)
Income tax expense (benefit) (181) 10 164
Net loss (34,172) (36,738) (41,178)
Preferred stock dividends in arrears (6,560) (6,278) (5,934)
Preferred stock discount accretion (7,412) (7,413) (7,412)
Net loss available to common equity (48,144) (50,429) (54,524)
Net loss (34,172) (36,738) (41,178)
Other comprehensive income (loss), net of tax:      
Reclassification adjustment for realized net (gains) losses recognized in Statement of Operations-Net gain (loss) on sale and call of investment securities 247 (6,579) (8,661)
Reclassification adjustments recognized in Statement of Operations-Net impairment losses recognized in earnings:      
Net change in unrealized credit related other-than-temporary impairment (310) 194 432
Credit related other-than-temporary impairment previously recognized on securities paid-off during the period (4)    
Realized credit losses 722 364  
Change in net unrealized gains (losses) on available-for-sale securities 2,792 26,105 (6,324)
Total other comprehensive income (loss) 3,447 20,084 (14,553)
Comprehensive loss $ (30,725) $ (16,654) $ (55,731)
Loss per common share:      
Basic $ (2.27) $ (2.37) $ (2.57)
Diluted $ (2.27) $ (2.37) $ (2.57)
Dividends declared per common share