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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)
In Thousands, except Share data, unless otherwise specified
Total
Preferred Stock
Common Stock
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Comprehensive Income (Loss)
Preferred stock, discount at Dec. 31, 2008   $ (1,946)        
Balance at Dec. 31, 2008 184,267 39,846 78,854 70,986 (3,473)  
Balance (in shares) at Dec. 31, 2008   40,000 11,820,509      
Increase (Decrease) in Shareholders' Equity            
Net income (loss) (11,985)     (11,985)   (11,985)
Net change in unrealized gain/(loss) on securities available-for-sale and interest-only strips, net of reclassification adjustment and deferred income taxes 159       159 159
Net change in pension and other benefit plan liability, net of deferred income taxes 760       760 760
Total comprehensive income (loss)           (11,066)
Amortization of restricted stock awards, net of forfeitures and taxes 84   84      
Cash dividends accrued on Series A preferred stock (2,028)     (2,028)    
Accretion of discount on Series A preferred stock   348   (348)    
Cash dividend declared on common stock, $0.02 per share (236)     (236)    
Stock option expense, net of forfeitures and taxes 1,284   1,284      
Preferred stock, discount at Dec. 31, 2009   (1,598)        
Balance at Dec. 31, 2009 172,305 39,846 80,222 56,389 (2,554)  
Balance (in shares) at Dec. 31, 2009   40,000 11,820,509      
Increase (Decrease) in Shareholders' Equity            
Net income (loss) (55,857)     (55,857)   (55,857)
Net change in unrealized gain/(loss) on securities available-for-sale and interest-only strips, net of reclassification adjustment and deferred income taxes (2,340)       (2,340) (2,340)
Net change in pension and other benefit plan liability, net of deferred income taxes 243       243 243
Total comprehensive income (loss)           (57,954)
Issuance of Series B manditorily convertible cumulative perpetual preferred stock, net of issuance costs 50,179 50,179        
Issuance of Series B manditorily convertible cumulative perpetual preferred stock (in shares)   53,996        
Conversion of Series B manditorily convertible cumulative perpetual preferred stock into common stock   (50,179) 50,179      
Conversion of Series B manditorily convertible cumulative perpetual preferred stock into common stock (in shares)   (53,996) 14,398,992      
Issuance of Series C convertible perpetual preferred stock, net of issuance costs 19,519 19,519        
Issuance of Series C convertible perpetual preferred stock (in shares)   21,004        
Issuance of restricted stock awards (in shares)     13,500      
Amortization of restricted stock awards, net of forfeitures and taxes 89   89      
Cash dividends accrued on Series A preferred stock (2,027)     (2,027)    
Accretion of discount on Series A preferred stock   371   (371)    
Stock option expense, net of forfeitures and taxes 41   41      
Preferred stock, discount at Dec. 31, 2010   (1,227)        
Balance at Dec. 31, 2010 182,152 59,365 130,531 (1,866) (4,651)  
Balance (in shares) at Dec. 31, 2010   61,004 26,233,001      
Increase (Decrease) in Shareholders' Equity            
Net income (loss) 11,371     11,371   11,371
Net change in unrealized gain/(loss) on securities available-for-sale and interest-only strips, net of reclassification adjustment and deferred income taxes 6,723       6,723 6,723
Net change in pension and other benefit plan liability, net of deferred income taxes (1,117)       (1,117) (1,117)
Total comprehensive income (loss)           16,977
Issuance of restricted stock awards (in shares)     62,000      
Amortization of restricted stock awards, net of forfeitures and taxes 75   75      
Cash dividends accrued on Series A preferred stock (1,939)     (1,939)    
Accretion of discount on Series A preferred stock   394   (394)    
Stock option expense, net of forfeitures and taxes 566   566      
Preferred stock, discount at Dec. 31, 2011   (833)        
Balance at Dec. 31, 2011 $ 197,831 $ 59,365 $ 131,172 $ 7,172 $ 995  
Balance (in shares) at Dec. 31, 2011   61,004 26,295,001