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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest and dividend income:      
Interest and fees on loans $ 48,832 $ 61,604 $ 78,801
Interest on investment securities 5,839 4,961 5,613
Interest on interest bearing deposits 208 533 561
Interest on federal funds sold 0 2 5
Total interest and dividend income 54,879 67,100 84,980
Interest expense:      
Interest bearing demand 1,051 2,100 4,811
Savings 23 55 78
Time 2,017 5,559 11,791
Junior subordinated debentures, other borrowings, and TLGP senior unsecured debt 1,908 3,990 7,060
Total interest expense 4,999 11,704 23,740
Net interest income 49,880 55,396 61,240
Loan loss provision 1,100 75,000 24,000
Net interest income (loss) after loan loss provision 48,780 (19,604) 37,240
Noninterest income:      
Service charges on deposit accounts, net 3,244 4,493 6,219
Card issuer and merchant service fees, net 2,632 2,478 2,562
Earnings on BOLI 1,022 1,213 87
Mortgage banking income, net 4,319 513 631
Gains on sales of investment securities available-for sale 0 0 644
Other income 1,874 2,270 3,230
Total noninterest income 13,091 10,967 13,373
Noninterest expenses:      
Salaries and employee benefits 31,559 31,434 29,046
Occupancy 4,598 4,710 4,649
Communications 1,541 1,653 1,727
Equipment 1,547 1,583 1,778
FDIC insurance 2,519 3,271 8,084
OREO 1,725 17,936 14,616
Professional services 3,999 4,356 2,308
Increase (decrease) in reserve for unfunded loan commitments (1,110) 609 237
CDI impairment 0 3,436 0
Prepayment penalties on FHLB and TLGP borrowings 0 1,291 0
Other expenses 9,463 12,920 11,304
Total noninterest expenses 55,841 83,199 73,749
Income (loss) before income taxes and extraordinary net gain 6,030 (91,836) (23,136)
(Provision) credit for income taxes (79) 11,721 9,481
Net income (loss) before extraordinary net gain 5,951 (80,115) (13,655)
Extraordinary gain on extinguishment of junior subordinated debentures, net of income taxes 0 32,839 0
Net income (loss) $ 5,951 $ (47,276) $ (13,655)
Basic and diluted net income (loss) per common share:      
Income (loss) before extraordinary net gain (in dollars per share) $ 0.13 $ (1.83) $ (4.87)
Extraordinary net gain (in dollars per share) $ 0 $ 0.75 $ 0
Net income (loss) (in dollars per share) $ 0.13 $ (1.08) $ (4.87)