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Consolidated Statements Of Operations (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest Income    
Interest and fees on loans$ 10,967$ 16,163$ 36,250$ 53,292
Interest and dividends on investment securities:    
Taxable income2,1662,6036,9639,548
Non-taxable income493853461,215
Other interest income173153456346
Total interest income13,35519,30444,01564,401
Interest Expense    
Deposits4,6836,51514,81419,133
Retail repurchase agreements11264378
Federal Home Loan Bank advances6097172,0102,809
Federal funds purchased   4
Other borrowed funds3135601,0091,594
Total interest expense5,6167,81817,87623,618
Net Interest Income before Provision for Loan Losses7,73911,48626,13940,783
Provision for loan losses7,18155,70060,94492,426
Net Interest Income/(Loss) after Provision for Loan Losses558(44,214)(34,805)(51,643)
Noninterest Income    
Service charges on deposit accounts1,3771,7714,3065,690
Mortgage loan (loss)/income(116)911(10)1,682
Cardholder and merchant services income8087672,4162,237
Trust and investment services2214369731,432
Bank owned life insurance262244928742
Other service charges, commissions and fees198248554859
Securities gains, net7,3933317,3081,827
(Loss)/gain on fair value swap(182)68(13)162
Other income11987484185
Total noninterest income10,0804,86316,94614,816
Noninterest Expense    
Personnel expense6,4536,29119,17819,539
Net occupancy expense1,1801,1863,4833,601
Furniture, equipment and data processing expense1,5611,7194,7805,106
Professional fees1,3391,4034,2182,680
Stationery, printing and supplies100113317354
Advertising and marketing1703035061,110
Other real estate owned expense4,6851,34531,4586,431
Credit/debit card expense4344161,2531,325
FDIC insurance1,4611,3964,8992,930
Loan collection expense1,2202883,871715
Merger related expense2,207 2,207 
Prepayment penalty on borrowings1,028 1,028959
Other expense1,3621,4165,0803,870
Total noninterest expense23,20015,87682,27848,620
Loss from continuing operations, before income taxes(12,562)(55,227)(100,137)(85,447)
Income tax expense/(benefit) - continuing operations1,328(196)752(2,232)
Net loss from continuing operations(13,890)(55,031)(100,889)(83,215)
(Loss)/income from discontinued operations, before income taxes(40)307(5,935)(217)
Income tax expense/(benefit) - discontinued operations 122(213)(84)
Net (loss)/income from discontinued operations(40)185(5,722)(133)
Net Loss(13,930)(54,846)(106,611)(83,348)
Cumulative dividends on preferred stock(1,093)(825)(3,197)(2,466)
Net Loss to Common Shareholders$ (15,023)$ (55,671)$ (109,808)$ (85,814)
Weighted average number of common shares outstanding - basic and diluted114,320114,237114,277114,240
Net loss per common share from continuing operations - basic and diluted$ (131.06)$ (488.95)$ (910.82)$ (750.01)
Net (loss)/income per common share from discontinued operations - basic and diluted$ (0.35)$ 1.62$ (50.07)$ (1.16)
Net loss per common share - basic and diluted$ (131.41)$ (487.33)$ (960.89)$ (751.17)