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Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest Income    
Interest and fees on loans $ 16,959 $ 13,061
Interest and dividends on investment securities:    
Taxable income 2,684 2,080
Non-taxable income 0 163
Other interest income 350 165
Total interest income 19,993 15,469
Interest Expense    
Deposits 4,223 5,168
Retail repurchase agreements 8 18
Federal Home Loan Bank advances 279 698
Other borrowed funds 303 378
Total interest expense 4,813 6,262
Net Interest Income before Provision for Loan Losses 15,180 9,207
Provision for loan losses 3,067 20,183
Net Interest Income/(Loss) after Provision for Loan Losses 12,113 (10,976)
Noninterest Income    
Service charges on deposit accounts 1,960 1,445
Mortgage loan income 36 121
Cardholder and merchant services income 997 766
Trust and investment services 202 401
Bank owned life insurance 306 400
Other service charges, commissions and fees 254 252
Securities (loss)/gains, net (46) 13
Gain on fair value swap 0 92
Other income 117 207
Total noninterest income 3,826 3,697
Noninterest Expense    
Personnel expense 9,987 6,494
Net occupancy expense 1,553 1,186
Furniture, equipment and data processing expense 1,976 1,607
Professional fees 1,264 1,239
Stationery, printing and supplies 141 120
Advertising and marketing 129 140
Other real estate owned expense 5,519 16,186
Credit/debit card expense 410 392
FDIC insurance 598 1,863
Loan collection expense 746 1,000
Merger-related expense 2,258 0
Core deposit intangible amortization 352 199
Other expense 1,915 2,438
Total noninterest expense 26,848 32,864
Loss from continuing operations, before income taxes (10,909) (40,143)
Income tax benefit - continuing operations (77) (128)
Net loss from continuing operations (10,832) (40,015)
Net (loss)/income from discontinued operations (27) (3,693)
Net Loss (10,859) (43,708)
Dividends on preferred stock 0 (1,020)
Net Loss to Common Shareholders $ (10,859) $ (44,728)
Weighted average number of common shares outstanding - basic and diluted 21,102,465 114,247
Net loss per common share from continuing operations - basic and diluted $ (0.51) $ (359.18)
Net loss per common share from discontinued operations - basic and diluted $ 0.00 $ (32.32)
Net loss per common share - basic and diluted $ (0.51) $ (391.50)