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Condensed Consolidated Statements of Operations (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest Income        
Interest and fees on loans $ 20,303 $ 23,696 $ 41,013 $ 48,042
Interest on securities        
Taxable 993 933 1,663 1,591
Tax-exempt 242 244 480 540
Other investments 324 382 656 778
Total Interest Income 21,862 25,255 43,812 50,951
Interest Expense        
Deposits 1,463 2,305 2,992 4,729
Other borrowings 876 1,120 1,741 2,292
Total Interest Expense 2,339 3,425 4,733 7,021
Net Interest Income 19,523 21,830 39,079 43,930
Provision for loan losses (2,107) 1,056 (2,798) 6,187
Net Interest Income After Provision for Loan Losses 21,630 20,774 41,877 37,743
Non-interest Income        
Service charges on deposit accounts 3,583 4,552 6,989 8,753
Interchange income 1,933 2,407 3,690 4,729
Net gains (losses) on assets        
Mortgage loans 3,208 3,579 6,845 7,439
Securities 107 169 191 853
Other than temporary impairment loss on securities        
Total impairment loss (26) (85) (26) (262)
Loss recognized in other comprehensive loss 0 0 0 0
Net impairment loss recognized in earnings (26) (85) (26) (262)
Mortgage loan servicing 1,654 (1,088) 2,276 (352)
Title insurance fees 368 489 852 997
(Increase) decrease in fair value of U.S. Treasury warrant 20 (25) (1,025) (179)
Other 2,164 3,044 4,287 5,648
Total Non-interest Income 13,011 13,042 24,079 27,626
Non-interest Expense        
Compensation and employee benefits 11,715 13,506 23,022 25,988
Occupancy, net 2,147 2,490 4,571 5,206
Data processing 2,042 2,003 3,958 3,936
Loan and collection 1,702 2,407 3,928 5,297
Vehicle service contract counterparty contingencies 3,127 326 3,254 797
Furniture, fixtures and equipment 1,088 1,211 2,120 2,407
Communications 730 922 1,510 1,895
Legal and professional 664 1,268 1,356 2,165
FDIC deposit insurance 711 816 1,341 1,673
Advertising 659 639 1,229 1,195
Provision for loss reimbursement on sold loans 356 126 1,019 558
Net losses on other real estate and repossessed assets 320 633 972 1,620
Interchange expense 418 447 828 853
Credit card and bank service fees 331 624 665 1,275
Cost (recoveries) related to unfunded lending commitments 48 (12) 29 (59)
Other 1,684 2,077 3,413 2,726
Total Non-interest Expense 27,742 29,483 53,215 57,532
Income Before Income Tax 6,899 4,333 12,741 7,837
Income tax benefit (56,489) 0 (56,454) 0
Net Income 63,388 4,333 69,195 7,837
Preferred stock dividends and discount accretion 1,157 1,092 2,252 2,148
Net Income Applicable to Common Stock $ 62,231 $ 3,241 $ 66,943 $ 5,689
Net Income Per Common Share        
Basic (in dollars per share) $ 6.56 [1] $ 0.38 [1] $ 7.14 [1] $ 0.66 [1]
Diluted (in dollars per share) $ 2.64 $ 0.11 $ 2.90 $ 0.19
Dividends Per Common Share        
Declared (in dollars per share) $ 0 $ 0 $ 0 $ 0
Paid (in dollars per share) $ 0 $ 0 $ 0 $ 0
[1] Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.