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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest Income      
Interest and fees on loans $ 60,147 $ 65,987 $ 52,481
Taxable income 14,180 10,778 9,484
Non-taxable income 0 0 346
Other interest income 665 1,223 820
Total interest income 74,992 77,988 63,131
Interest Expense      
Deposits 8,070 14,074 19,679
Retail repurchase agreements 21 29 52
Federal Home Loan Bank advances 1,376 1,448 2,547
Other borrowed funds 1,092 1,157 1,298
Total interest expense 10,559 16,708 23,576
Net Interest Income before Provision for Loan Losses 64,433 61,280 39,555
Provision for loan losses 523 14,049 67,362
Net Interest Income (Loss) after Provision for Loan Losses 63,910 47,231 (27,807)
Noninterest Income      
Service charges on deposit accounts 6,714 7,080 6,203
Mortgage loan income 2,319 2,065 7
Cardholder and merchant services income 4,531 4,579 3,182
Trust and investment services 1,305 1,036 1,163
Bank owned life insurance 1,073 1,195 1,203
Other service charges, commissions and fees 1,315 1,128 770
Securities gains, net 2,772 4,121 7,298
Loss on fair value swap 0 0 (339)
Gain on extinguishment of debt 0 0 1,625
Other income 385 754 858
Total noninterest income 20,414 21,958 21,970
Noninterest Expense      
Personnel expense 40,661 40,051 27,725
Net occupancy expense 6,391 6,461 4,933
Furniture, equipment and data processing expense 8,638 8,721 6,648
Professional fees 3,100 5,266 7,335
Stationery, printing and supplies 644 637 471
Advertising and marketing 1,135 957 645
Other real estate owned expense 4,138 27,883 51,424
Credit/debit card expense 2,143 1,717 1,674
FDIC insurance 2,643 3,499 6,706
Loan collection expense 4,333 3,274 5,032
Merger-related expense 3,498 3,241 1,236
Prepayment penalty on borrowings 0 0 1,605
Loss on sale of loans held for sale 0 0 1,241
Core deposit intangible amortization 1,407 1,407 896
Other expense 5,750 7,092 7,469
Total noninterest expense 84,481 110,206 125,040
Loss from continuing operations, before income taxes (157) (41,017) (130,877)
Income tax expense (benefit) - continuing operations 1,326 (1,039) 641
Loss from continuing operations, net of tax (1,483) (39,978) (131,518)
Loss from discontinued operations, net of tax 0 (27) (5,796)
Net loss (1,483) (40,005) (137,314)
Dividends on preferred stock 0 0 44,592
Net loss to common shareholders $ (1,483) $ (40,005) $ (92,722)
Weighted average number of common shares outstanding - basic and diluted 21,731,030 21,368,460 4,196,926
Net loss per common share from continuing operations - basic and diluted $ (0.07) $ (1.87) $ (20.71)
Net loss per common share from discontinued operations - basic and diluted $ 0.00 $ 0.00 $ (1.38)
Net loss per common share - basic and diluted $ (0.07) $ (1.87) $ (22.09)