XML 21 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Quarterly Financial Data
12 Months Ended
Dec. 31, 2011
Quarterly Financial Data [Abstract]  
Quarterly Financial Data

24.   Quarterly Financial Data (Unaudited)

 

The following tables summarize selected quarterly financial data regarding results of operations for the periods indicated (in thousands, except per share data). Certain amounts previously presented in the Consolidated Statements of Income (Loss) for prior periods have been reclassified to conform to current classifications. All such reclassifications had no impact on the prior periods' net income (loss) as previously reported.

 

                                         
     For the year ended December 31, 2011  
     First
quarter
    Second
quarter
    Third
quarter
    Fourth
quarter
    Total  

Interest income

   $ 12,697      $ 13,145      $ 13,215      $ 12,761      $ 51,818   

Interest expense

     2,736        2,555        2,267        1,868        9,426   
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income

     9,961        10,590        10,948        10,893        42,392   

Provision for loan losses

     5,500        7,400        5,600        2,000        20,500   
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income after provision for loan losses

     4,461        3,190        5,348        8,893        21,892   
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Investment secuities gains

     —          56        —          101        157   

Other noninterest income

     3,572        3,702        4,300        3,695        15,269   

Noninterest expense

     14,061        17,708        16,472        15,141        63,382   
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss before provision (benefit) for income taxes

     (6,028     (10,760     (6,824     (2,452     (26,064

Provision (benefit) for income taxes

     52        (1,191     (1,355     (170     (2,664
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

   $ (6,080   $ (9,569   $ (5,469   $ (2,282   $ (23,400
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Common and per share data

                                        

Net loss—basic

   $ (0.49   $ (0.76   $ (0.43   $ (0.18   $ (1.86
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss—diluted

     (0.49     (0.76     (0.43     (0.18     (1.86
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                         
     For the year ended December 31, 2010  
     First
quarter
    Second
quarter
    Third
quarter
    Fourth
quarter
    Total  

Interest income

   $ 14,638      $ 14,220      $ 13,579      $ 13,130      $ 55,567   

Interest expense

     4,080        3,716        3,888        3,682        15,366   
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income

     10,558        10,504        9,691        9,448        40,201   

Provision for loan losses

     10,750        12,750        13,100        10,500        47,100   
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net interest expense after provision for loan losses

     (192     (2,246     (3,409     (1,052     (6,899
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Investment secuities gains

     8        —          1        1        10   

Other noninterest income

     4,489        3,729        4,059        4,580        16,857   

Noninterest expense

     12,639        14,809        22,010        22,054        71,512   
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss before provision (benefit) for income taxes

     (8,334     (13,326     (21,359     (18,525     (61,544

Provision (benefit) for income taxes

     (3,042     (4,793     (7,580     14,073        (1,342
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

   $ (5,292   $ (8,533   $ (13,779   $ (32,598   $ (60,202
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Common and per share data

                                        

Net loss—basic

   $ (3.28   $ (5.29   $ (8.54   $ (2.97   $ (15.13
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss—diluted

     (3.28     (5.29     (8.54     (2.97   $ (15.13

)