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Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income        
Loans $ 12,233 $ 14,567 $ 37,067 $ 49,182
Loans held for sale 80 101 247 305
Available for sale securities 3,364 3,219 10,176 10,253
Federal Home Loan Bank stock dividends 280 279 840 859
Other interest earning assets 52 25 102 48
Total interest income 16,009 18,191 48,432 60,647
Interest expense        
Deposits 1,847 2,600 5,843 9,574
Federal Home Loan Bank advances 529 535 1,576 1,880
Repurchase agreements and other 929 928 2,756 2,766
Total interest expense 3,305 4,063 10,175 14,220
Net interest income 12,704 14,128 38,257 46,427
Provision for loan losses 657 30,279 3,834 37,223
Net interest income after provision for loan losses 12,047 (16,151) 34,423 9,204
Non-interest income        
Non-deposit investment income 275 478 1,189 1,525
Service fees and other charges 1,734 793 5,207 4,011
Net gains (losses):        
Securities available for sale (includes $0, $1,192, $2,578, and $5,161 respectively, accumulated other comprehensive income reclassifications for unrealized net gains on available for sale securities)   1,192 2,578 5,161
Mortgage banking income 895 2,110 3,927 5,308
Real estate owned and other repossessed assets (395) (1,795) (1,966) (3,447)
Other income 1,039 974 4,690 3,234
Total non-interest income 3,548 3,752 15,625 15,792
Non-interest expense        
Salaries and employee benefits 7,379 8,634 22,539 25,651
Occupancy 811 845 2,484 2,495
Equipment and data processing 1,698 1,665 5,240 5,074
Franchise tax 385 521 1,216 1,396
Advertising 226 134 646 486
Amortization of core deposit intangible 20 26 66 83
Prepayment penalty   65   803
Deposit insurance premiums 598 1,012 1,755 3,176
Professional fees 761 2,219 2,043 4,138
Real estate owned and other repossessed asset expenses 354 383 1,140 1,504
Other expenses 1,296 1,826 4,631 6,061
Total non-interest expenses 13,528 17,330 41,760 50,867
Income (loss) before income taxes 2,067 (29,729) 8,288 (25,871)
Income tax expense (benefit) (includes $0 income tax expense from reclassification items) 350 (2,838) 500 (2,838)
Net income (loss) 1,717 (26,891) 7,788 (23,033)
Amortization of discount on preferred stock     (6,751)  
Earnings (loss) available to common shareholders 1,717 (26,891) 1,037 (23,033)
Net income (loss) 1,717 (26,891) 7,788 (23,033)
Other comprehensive income (loss)        
Unrealized gains (losses) on securities, net of tax (2,121) 2,729 (38,006) 5,271
Total other comprehensive income (loss) (2,121) 2,729 (38,006) 5,271
Comprehensive loss $ (404) $ (24,162) $ (30,218) $ (17,762)
Earnings (loss) per common share        
Basic $ 0.03 $ (0.82) $ 0.02 $ (0.70)
Diluted $ 0.03 $ (0.82) $ 0.02 $ (0.70)