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Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest Income      
Interest and fees on loans $ 52,481 $ 68,255 $ 82,600
Interest and dividends on investment securities:      
Taxable income 9,484 11,976 16,256
Non-taxable income 346 1,551 2,256
Other interest income 820 503 398
Total interest income 63,131 82,285 101,510
Interest Expense      
Deposits 19,679 24,911 32,490
Retail repurchase agreements 52 98 127
Federal Home Loan Bank advances 2,547 3,517 5,795
Federal funds purchased   4 156
Other borrowed funds 1,298 2,105 2,407
Total interest expense 23,576 30,635 40,975
Net Interest Income before Provision for Loan Losses 39,555 51,650 60,535
Provision for loan losses 67,362 132,755 61,509
Net Interest Loss after Provision for Loan Losses (27,807) (81,105) (974)
Noninterest Income      
Service charges on deposit accounts 6,203 7,358 8,956
Mortgage loan income 7 2,120 1,580
Cardholder and merchant services income 3,182 3,000 2,514
Trust and investment services 1,163 1,946 1,741
Bank owned life insurance 1,203 988 1,068
Other service charges, commissions and fees 770 1,067 1,147
Gain on extinguishment of debt 1,625    
Securities gains, net 7,298 10,647 989
Net (loss)/gain on fair value swap (339) 273 66
Net impairment loss recognized in earnings     (4,985)
Other income 858 223 366
Total noninterest income 21,970 27,622 13,442
Noninterest Expense      
Personnel expense 27,725 25,931 27,085
Net occupancy expense 4,933 4,768 5,297
Furniture, equipment and data processing expense 6,648 6,744 6,816
Professional fees 7,335 3,680 1,888
Stationery, printing and supplies 471 491 607
Advertising and marketing 645 1,479 1,876
Other real estate owned expense 51,424 14,532 3,472
Credit/debit card expense 1,674 1,715 1,672
FDIC insurance 6,706 5,856 4,170
Goodwill impairment     52,395
Loan collection expense 5,032 1,001 727
Merger-related expense 1,236    
Mortgage servicing rights impairment   2,995  
Prepayment penalty on borrowings 1,605 959  
Loss on sale of loans held for sale 1,241    
Core deposit intangible amortization 897 795 795
Other expense 7,468 4,733 4,815
Total noninterest expense 125,040 75,679 111,615
Loss from continuing operations, before income taxes (130,877) (129,162) (99,147)
Income tax expense - continuing operations 641 1,259 3,414
Net loss from continuing operations (131,518) (130,421) (102,561)
(Loss)/income from discontinued operations, net of tax (5,796) (1,406) 865
Net loss (137,314) (131,827) (101,696)
Preferred stock gain on retirement, net of accretion, and dividends 44,592 (3,294) (2,871)
Net Loss to Common Shareholders $ (92,722) $ (135,121) $ (104,567)
Basic and Diluted:      
Weighted average number of common shares outstanding 4,196,926 114,240 114,170
Basic and Diluted:      
Net loss per common share from continuing operations $ (20.71) $ (1,170.48) $ (923.47)
Net (loss)/income per common share from discontinued operations $ (1.38) $ (12.31) $ 7.58
Net loss per common share $ (22.09) $ (1,182.79) $ (915.89)