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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per 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 $ 11,893 $ 14,834 $ 37,231 $ 48,102
Interest on investments 1,533 1,212 4,462 3,686
Other investment income 36 128 163 398
Total interest income 13,462 16,174 41,856 52,186
Interest expense:        
Interest bearing demand 224 516 872 1,648
Savings 5 13 18 47
Time 462 1,066 1,612 4,456
Other borrowings 480 1,059 1,429 3,515
Total interest expense 1,171 2,654 3,931 9,666
Net interest income 12,291 13,520 37,925 42,520
Loan loss provision 0 52,800 1,100 60,300
Net interest income after loan loss provision 12,291 (39,280) 36,825 (17,780)
Noninterest income:        
Service charges on deposit accounts 791 1,119 2,471 3,513
Card issuer and merchant services fees, net 694 627 1,970 1,891
Earnings on BOLI 234 323 751 908
Mortgage banking income, net 1,104 174 2,948 282
Other income 410 579 1,500 1,708
Total noninterest income 3,233 2,822 9,640 8,302
Noninterest expense:        
Salaries and employee benefits 7,859 8,869 23,720 23,239
Occupancy 1,127 1,183 3,444 3,542
Equipment 371 367 1,143 1,187
Communications 394 432 1,149 1,270
FDIC insurance 665 808 2,048 2,560
OREO 85 6,016 834 8,906
Professional services 753 1,101 2,630 3,528
Other expenses 2,445 6,642 6,804 12,338
Total noninterest expense 13,699 25,418 41,772 56,570
Income (loss) before income taxes and extraordinary net gain 1,825 (61,876) 4,693 (66,048)
Provision (credit) for income taxes 0 (7,456) 50 (11,844)
Income (loss) before extraordinary net gain 1,825 (54,420) 4,643 (54,204)
Extraordinary gain on extinguishment of junior subordinated debentures, net of income taxes 0 0 0 32,840
Net income (loss) $ 1,825 $ (54,420) $ 4,643 $ (21,364)
Basic and diluted income (loss) per share:        
Income (loss) before extraordinary net gain (in dollars per share) $ 0.04 $ (1.16) $ 0.10 $ (1.27)
Extraordinary net gain (in dollars per share) $ 0 $ 0 $ 0 $ 0.77
Net income (loss) per common share (in dollars per share) $ 0.04 $ (1.16) $ 0.10 $ (0.50)