DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2012

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations Balance Sheet

Assets and liabilities of discontinued operations at December 31, 2012 and 2011 were as follows:

	December 31, 2012		December 31, 2011
	Florida		Florida
	(dollars expressed in thousands)
Cash and due from banks	$	1,139	1,018
Total loans	—		—
Bank premises and equipment, net	4,837		5,165
Goodwill and other intangible assets	700		700
Other assets	30		30
Assets of discontinued operations	$	6,706	6,913
Deposits:
Noninterest-bearing demand	$	12,488	9,103
Interest-bearing demand	10,480		8,198
Savings and money market	67,686		86,983
Time deposits of $100 or more	27,034		24,242
Other time deposits	37,964		46,123
Total deposits	155,652		174,649
Other borrowings	—		12
Accrued expenses and other liabilities	59		76
Liabilities of discontinued operations	$	155,711	174,737

Discontinued Operations Income Statement

Loss from discontinued operations, net of tax, for the year ended December 31, 2012 was as follows:

	Florida
	(dollars expressed in thousands)
Year ended December 31, 2012:
Interest income:
Interest and fees on loans	$	—
Interest expense:
Interest on deposits	972
Net interest loss	(972		)
Provision for loan losses	—
Net interest loss after provision for loan losses	(972		)
Noninterest income:
Service charges and customer service fees	467
Other	13
Total noninterest income	480
Noninterest expense:
Salaries and employee benefits	2,279
Occupancy, net of rental income	1,760
Furniture and equipment	278
Legal, examination and professional fees	5
FDIC insurance	358
Other	351
Total noninterest expense	5,031
Loss from operations of discontinued operations	(5,523		)
Benefit for income taxes	—
Net loss from discontinued operations, net of tax	$	(5,523	)

Loss from discontinued operations, net of tax, for the year ended December 31, 2011 was as follows:

	Florida			Northern Illinois	Total
	(dollars expressed in thousands)
Year ended December 31, 2011:
Interest income:
Interest and fees on loans	$	—		895	895
Interest expense:
Interest on deposits	2,160			261	2,421
Net interest (loss) income	(2,160		)	634	(1,526	)
Provision for loan losses	—			—	—
Net interest (loss) income after provision for loan losses	(2,160		)	634	(1,526	)
Noninterest income:
Service charges and customer service fees	411			259	670
Other	8			5	13
Total noninterest income	419			264	683
Noninterest expense:
Salaries and employee benefits	2,325			357	2,682
Occupancy, net of rental income	1,746			68	1,814
Furniture and equipment	431			29	460
Legal, examination and professional fees	1			6	7
Amortization of intangible assets	63			—	63
FDIC insurance	469			100	569
Other	379			67	446
Total noninterest expense	5,414			627	6,041
(Loss) income from operations of discontinued operations	(7,155		)	271	(6,884	)
Net gain on sale of discontinued operations	—			425	425
Benefit for income taxes	—			—	—
Net (loss) income from discontinued operations, net of tax	$	(7,155	)	696	(6,459	)

Income from discontinued operations, net of tax, for the year ended December 31, 2010 was as follows:

	Florida			Northern Illinois	Chicago		Texas		WIUS		MVP		Total
	(dollars expressed in thousands)
Year ended December 31, 2010:
Interest income:
Interest and fees on loans	$	—		9,629	2,391		1,816		33		—		13,869
Interest expense:
Interest on deposits	3,305			4,232	2,550		1,796		—		—		11,883
Other borrowings	—			—	—		3		(2	)	—		1
Total interest expense	3,305			4,232	2,550		1,799		(2	)	—		11,884
Net interest (loss) income	(3,305		)	5,397	(159	)	17		35		—		1,985
Provision for loan losses	—			—	—		—		—		—		—
Net interest (loss) income after provision for loan losses	(3,305		)	5,397	(159	)	17		35		—		1,985
Noninterest income:
Service charges and customer service fees	400			2,500	523		1,192		—		—		4,615
Investment management income	—			—	—		—		—		787		787
Other	5			30	254		161		—		(1	)	449
Total noninterest income	405			2,530	777		1,353		—		786		5,851
Noninterest expense:
Salaries and employee benefits	2,325			3,403	2,137		2,843		32		517		11,257
Occupancy, net of rental income	1,734			1,115	606		1,148		—		59		4,662
Furniture and equipment	652			365	178		345		—		17		1,557
Legal, examination and professional fees	—			62	123		111		153		115		564
Amortization of intangible assets	33			319	—		—		—		—		352
FDIC insurance	636			1,650	292		478		—		—		3,056
Other	345			709	424		860		184		29		2,551
Total noninterest expense	5,725			7,623	3,760		5,785		369		737		23,999
(Loss) income from operations of discontinued operations	(8,625		)	304	(3,142	)	(4,415	)	(334	)	49		(16,163	)
Net gain (loss) on sale of discontinued operations	—			6,355	8,414		4,984		(29	)	(156	)	19,568
Benefit for income taxes	—			—	—		—		(157	)	—		(157	)
Net (loss) income from discontinued operations, net of tax	$	(8,625	)	6,659	5,272		569		(206	)	(107	)	3,562