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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest income:    
Loans$ 15,364$ 17,960$ 46,696$ 55,717
Securities:    
Taxable1,0259773,4132,590
Tax-exempt99117296356
Other investments4157125207
Federal funds sold and other short-term investments239108426266
Total interest income16,76819,21950,95659,136
Interest expense:    
Time deposits1,8572,8636,0579,410
Demand and savings deposits8001,3012,6474,397
Junior subordinated debentures3275199761,559
Subordinated debentures and other borrowings259287803798
Total interest expense3,2434,97010,48316,164
Net interest income13,52514,24940,47342,972
Provision for loan losses8754,7002,45015,028
Net interest income after provision for loan losses12,6509,54938,02327,944
Noninterest income:    
Service fees1,1241,2223,2143,384
Loan-related fees8991268305
Letters of credit commissions and fees143185492570
Gain on securities, net2033112976
Total other-than-temporary impairments (“OTTI”) on securities(32)(212)(215)(495)
Less: Noncredit portion of “OTTI”(2)(48)(20)(135)
Net impairments on securities(30)(164)(195)(360)
Other noninterest income2873961,1381,173
Total noninterest income1,8161,7615,0465,148
Noninterest expenses:    
Salaries and employee benefits5,2145,07315,70215,430
Occupancy and equipment1,8961,8825,5455,780
Foreclosed assets, net1,2221,0882,7415,367
FDIC assessment6328812,0162,471
Goodwill impairment   2,000
Other noninterest expense2,4711,9357,2176,024
Total noninterest expenses11,43510,85933,22137,072
Income (loss) before provision for income taxes3,0314519,848(3,980)
Provision (benefit) for income taxes762(186)3,090(1,323)
Net income (loss)2,2696376,758(2,657)
Dividends and discount – preferred stock(601)(605)(1,811)(1,805)
Net income (loss) available to common shareholders$ 1,668$ 32$ 4,947$ (4,462)
Earnings (loss) per common share:    
Basic (in Dollars per share)$ 0.13$ 0.00$ 0.38$ (0.38)
Diluted (in Dollars per share)$ 0.13$ 0.00$ 0.37$ (0.38)
Weighted average shares outstanding:    
Basic (in Shares)13,14512,32913,14111,712
Diluted (in Shares)13,23412,34513,21611,712