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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Jun. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest income:     
Loans$ 63,347$ 68,331$ 68,480$ 198,459$ 194,539
Investment securities9,0778,7826,51925,67817,342
Deposits in financial institutions9483131234505
Total interest income72,51877,19675,130224,371212,386
Interest expense:     
Deposits5,0725,5186,37516,54620,209
Borrowings1,7821,7632,1295,2897,013
Subordinated debentures1,2231,2261,4593,6684,357
Total interest expense8,0778,5079,96325,50331,579
Net interest income64,44168,68965,167198,868180,807
Provision for credit losses:     
Non-covered loans 5,50017,05013,300143,677
Covered loans3485,8906,5009,14834,600
Total provision for credit losses34811,39023,55022,448178,277
Net interest income after provision for credit losses64,09357,29941,617176,4202,530
Noninterest income:     
Service charges on deposit accounts3,5453,4002,86110,5038,256
Other commissions and fees2,0521,9801,7605,7525,395
Other-than-temporary impairment loss on securities  (874) (874)
Increase in cash surrender value of life insurance3593683531,1061,120
FDIC loss sharing income, net9635,3165,5065,10927,257
Other income224176279702632
Total noninterest income7,14311,2409,88523,17241,786
Noninterest expense:     
Compensation21,55721,71723,06065,20363,539
Occupancy7,4237,1426,87221,54820,406
Data processing2,2282,1292,1216,8325,982
Other professional services2,2392,5052,6947,0406,734
Business development5485955711,7121,893
Communications6788348112,3712,410
Insurance and assessments1,6411,6032,4315,5817,316
Non-covered other real estate owned, net2,2932,3002,1515,29611,217
Covered other real estate owned expense (income), net4,8131,205(319)3,4401,761
Intangible asset amortization1,9772,3082,4346,5927,282
Other expense3,1904,2003,34810,90910,977
Total noninterest expense48,58746,53846,174136,524139,517
Earnings (loss) before income taxes22,64922,0015,32863,068(95,201)
Income tax (expense) benefit(9,345)(9,160)(1,828)(26,247)40,873
Net earnings (loss)$ 13,304$ 12,841$ 3,500$ 36,821$ (54,328)
Earnings (loss) per share:     
Basic (in dollars per share)$ 0.36$ 0.35$ 0.10$ 0.99$ (1.55)
Diluted (in dollars per share)$ 0.36$ 0.35$ 0.10$ 0.99$ (1.55)
Dividends declared per share (in dollars per share)$ 0.01$ 0.01$ 0.01$ 0.03$ 0.03