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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except 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        
Interest and fees on loans $ 15,993 $ 16,264 $ 45,451 $ 50,458
Taxable income 3,788 2,667 10,366 8,238
Non-taxable income (14) 0 0 0
Other interest income 86 276 244 936
Total interest income 19,853 19,207 56,061 59,632
Interest Expense        
Deposits 1,894 3,320 6,231 11,244
Retail repurchase agreements 6 6 15 23
Federal Home Loan Bank advances 289 391 1,037 1,057
Other borrowed funds 282 288 809 877
Total interest expense 2,471 4,005 8,092 13,201
Net Interest Income before Provision for Loan Losses 17,382 15,202 47,969 46,431
Provision for (recovery of) loan losses (350) 32 (1,297) 10,877
Net Interest Income after Provision for Loan Losses 17,732 15,170 49,266 35,554
Noninterest Income        
Service charges on deposit accounts 1,858 1,778 4,915 5,424
Mortgage loan income 420 728 2,085 1,051
Cardholder and merchant services income 1,161 1,119 3,403 3,436
Trust and investment services 329 234 964 692
Bank owned life insurance 267 290 805 910
Other service charges, commissions and fees 365 252 960 777
Securities gains (losses), net 50 (33) 2,773 1,923
Other income 37 275 362 788
Total noninterest income 4,487 4,643 16,267 15,001
Noninterest Expense        
Personnel expense 9,663 9,717 31,149 30,351
Net occupancy expense 1,558 1,710 5,060 4,885
Furniture, equipment and data processing expense 2,050 2,012 6,512 6,395
Professional fees 222 1,336 2,475 4,265
Stationery, printing and supplies 136 152 509 446
Advertising and marketing 150 166 994 420
Other real estate owned expense (98) 3,602 4,116 21,594
Credit/debit card expense 627 432 1,525 1,279
FDIC insurance 646 1,056 1,980 2,879
Loan collection expense 1,120 1,119 3,784 2,379
Merger-related expense 0 939 3,498 2,357
Core deposit intangible amortization 352 352 1,056 1,056
Other expense 1,501 2,009 4,273 6,059
Total noninterest expense 17,927 24,602 66,931 84,365
Income (Loss) from continuing operations, before income taxes 4,292 (4,789) (1,398) (33,810)
Income tax expense (benefit) - continuing operations 286 (77) 2,375 (128)
Income (Loss) from continuing operations, net of tax 4,006 (4,712) (3,773) (33,682)
Loss from discontinued operations, net of tax 0 0 0 (27)
Net income (loss) $ 4,006 $ (4,712) $ (3,773) $ (33,709)
Weighted average number of common shares outstanding - basic and diluted 21,738,770 21,588,027 21,722,536 21,294,727
Net income (loss) per common share from continuing operations - basic and diluted $ 0.18 $ (0.22) $ (0.17) $ (1.58)
Net loss per common share from discontinued operations - basic and diluted $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income (loss) per common share - basic and diluted $ 0.18 $ (0.22) $ (0.17) $ (1.58)