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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, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income        
Interest and fees on loans $ 16,264 $ 10,967 $ 50,458 $ 36,250
Taxable income 2,667 2,166 8,238 6,963
Non-taxable income 0 49 0 346
Other interest income 276 173 936 456
Total interest income 19,207 13,355 59,632 44,015
Interest Expense        
Deposits 3,320 4,683 11,244 14,814
Retail repurchase agreements 6 11 23 43
Federal Home Loan Bank advances 391 609 1,057 2,010
Other borrowed funds 288 313 877 1,009
Total interest expense 4,005 5,616 13,201 17,876
Net Interest Income before Provision for Loan Losses 15,202 7,739 46,431 26,139
Provision for loan losses 32 7,181 10,877 60,944
Net Interest Income/(Loss) after Provision for Loan Losses 15,170 558 35,554 (34,805)
Noninterest Income [Abstract]        
Service charges on deposit accounts 1,883 1,377 5,803 4,306
Mortgage loan income/(loss) 728 (116) 1,051 (10)
Cardholder and merchant services income 1,014 808 3,057 2,416
Trust and investment services 234 221 692 973
Bank owned life insurance 290 262 910 928
Other service charges, commissions and fees 252 198 777 554
Securities (loss)/gains, net (33) 7,393 1,923 7,308
Loss on fair value swap 0 (182) 0 (13)
Other income 275 119 788 484
Total noninterest income 4,643 10,080 15,001 16,946
Noninterest Expense [Abstract]        
Personnel expense 9,717 6,453 30,245 19,178
Net occupancy expense 1,710 1,180 4,866 3,483
Furniture, equipment and data processing expense 2,012 1,561 6,008 4,780
Professional fees 1,336 1,339 3,709 4,218
Stationery, printing and supplies 152 100 446 317
Advertising and marketing 166 170 420 506
Other real estate owned expense 3,602 4,685 21,594 31,458
Credit/debit card expense 432 434 1,279 1,253
FDIC insurance 1,056 1,461 2,879 4,899
Loan collection expense 1,119 1,220 2,379 3,871
Merger-related expense 939 2,207 2,357 2,207
Core deposit intangible amortization 352 199 1,056 596
Other expense 2,009 2,191 7,127 5,512
Total noninterest expense 24,602 23,200 84,365 82,278
Loss from continuing operations, before income taxes (4,789) (12,562) (33,810) (100,137)
Income tax expense (benefit) - continuing operations (77) 1,328 (128) 752
Loss from continuing operations, net of tax (4,712) (13,890) (33,682) (100,889)
Loss from discontinued operations, net of tax 0 (40) (27) (5,722)
Net loss (4,712) (13,930) (33,709) (106,611)
Dividends on preferred stock 0 (1,093) 0 (3,197)
Net loss to common shareholders $ (4,712) $ (15,023) $ (33,709) $ (109,808)
Weighted average number of common shares outstanding - basic and diluted 21,588,027 114,320 21,294,727 114,277
Net loss per common share from continuing operations - basic and diluted $ (0.22) $ (131.06) $ (1.58) $ (910.82)
Net loss per common share from discontinued operations - basic and diluted $ 0.00 $ (0.35) $ 0.00 $ (50.07)
Net loss per common share - basic and diluted $ (0.22) $ (131.41) $ (1.58) $ (960.89)