XML 111 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income      
Loans $ 63,044 $ 82,290 $ 97,413
Loans held for sale 424 542 415
Securities available for sale 13,741 12,366 11,727
Federal Home Loan Bank stock dividends 1,175 1,125 1,158
Other interest earning assets 60 64 35
Total interest income 78,444 96,387 110,748
Interest expense      
Deposits 11,896 24,341 32,062
Federal Home Loan Bank advances 2,415 3,162 3,588
Repurchase agreements and other 3,695 3,709 3,737
Total interest expense 18,006 31,212 39,387
Net interest income 60,438 65,175 71,361
Provision for loan losses 39,325 24,658 62,427
Net interest income after provision for loan losses 21,113 40,517 8,934
Non-interest income      
Non-deposit investment income 1,898 1,398 1,619
Service fees and other charges 6,805 4,416 6,369
Net gains (losses):      
Securities available for sale 6,325 8,633 8,803
Other -than-temporary loss on equity securities      
Total impairment loss (13) (89) (58)
Loss recognized in other comprehensive income         
Net impairment loss recognized in earnings (13) (89) (58)
Mortgage banking income 7,391 5,675 4,365
Real estate owned and other repossessed assets (4,191) (6,165) (6,123)
Gain on sale of a retail branch(s)   4,154 1,387
Other income 4,516 5,203 5,531
Total non-interest income 22,731 23,225 21,893
Non-interest expense      
Salaries and employee benefits 32,934 31,160 32,699
Occupancy 3,344 3,409 3,583
Equipment and data processing 6,895 6,590 6,627
Franchise tax 1,841 1,495 2,011
Advertising 778 820 860
Amortization of core deposit intangible 108 139 176
Prepayment penalty on FHLB advances (803)    
Deposit insurance premiums 4,202 4,855 5,686
Professional fees 5,342 3,677 4,106
Real estate owned and other repossessed asset expenses 1,743 2,891 4,971
Other expenses 7,179 8,476 7,612
Total non-interest expenses 65,169 63,512 68,331
Income (loss) before income taxes (21,325) 230 (37,504)
Income taxes (benefit) (888)    (231)
Net income (loss) (20,437) 230 (37,273)
Other comprehensive income      
Unrealized gain/(loss) on securities, net of tax 1,635 9,120 (9,558)
Unrealized gain/(loss) on postretirement plan, net of tax 15 690 670
Total other comprehensive income (loss) 1,650 9,810 (8,888)
Comprehensive income (loss) $ (18,787) $ 10,040 $ (46,161)
Earnings (loss) per share      
Basic $ (0.62) $ 0.01 $ (1.22)
Diluted $ (0.62) $ 0.01 $ (1.22)