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Condensed Consolidated Statements of Operations Statement (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income:        
Interest and fees on loans $ 36,420 $ 24,655 $ 68,081 $ 49,899
Interest on debt securities:        
Taxable 3,243 1,830 5,813 3,680
Nontaxable 155 39 265 50
Interest on federal funds sold 0 1 1 9
Interest on interest-bearing deposits 113 102 261 182
Dividends on equity securities 97 83 170 165
Total interest income 40,028 26,710 74,591 53,985
Interest expense:        
Interest-bearing transaction accounts 206 236 395 455
Money market accounts 2,124 1,454 4,206 2,847
Savings 9 9 18 17
Certificates of deposit:        
$100 and over 2,305 2,474 4,662 5,324
Other 800 1,534 1,853 3,319
Subordinated debentures 1,126 1,239 2,247 2,469
Federal Home Loan Bank advances 888 1,099 1,788 2,207
Notes payable and other borrowings 97 63 211 122
Total interest expense 7,555 8,108 15,380 16,760
Net interest income 32,473 18,602 59,211 37,225
Provision for loan losses 4,575 8,960 8,175 22,760
Net interest income after provision for loan losses 27,898 9,642 51,036 14,465
Noninterest income:        
Wealth Management revenue 1,658 1,302 3,341 2,599
Service charges on deposit accounts 1,194 1,212 2,331 2,386
Other service charges and fee income 331 237 641 515
Gain (loss) on sale of other real estate 99 302 522 290
Gain on state tax credits, net 987 851 1,142 1,369
Gain on sale of investment securities 506 525 680 1,082
Miscellaneous income 351 612 1,432 856
Total noninterest income 5,126 5,041 10,089 9,097
Noninterest expense:        
Employee compensation and benefits 8,265 7,035 16,953 13,633
Occupancy 1,141 1,097 2,280 2,270
Furniture and equipment 431 325 785 694
Data processing 604 554 1,230 1,132
FDIC and other insurance 1,133 1,019 2,355 2,066
Loan legal and other real estate expense 3,255 1,669 5,691 2,941
Other 3,195 2,447 6,195 5,065
Total noninterest expense 18,024 14,146 35,489 27,801
Income (loss) before income tax expense (benefit) 15,000 537 25,636 (4,239)
Income tax expense (benefit) 5,118 (200) 8,675 (1,962)
Net income (loss) 9,882 737 16,961 (2,277)
Net income (loss) available to common shareholders $ 9,252 $ 122 $ 15,705 $ (3,504)
Basic $ 0.54 $ 0.01 $ 1.01 $ (0.24)
Diluted $ 0.52 $ 0.01 $ 0.96 $ (0.24)