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Consolidated Statements of Operations (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income:        
Interest and fees on loans $ 33,241 $ 39,898 $ 68,151 $ 81,532
Interest and dividends on taxable securities 2,710 2,937 5,541 6,735
Interest on tax exempt securities 286   640  
Interest on tax certificates 1,043 514 2,453 2,870
Total interest income 37,280 43,349 76,785 91,137
Interest expense:        
Interest on deposits 3,975 6,021 8,342 13,078
Interest on advances from FHLB 38 1 153 959
Interest on securities sold under agreements to repurchase and short-term borrowings 3 7 9 15
Interest on subordinated debentures 4,080 3,891 8,088 7,682
Total interest expense 8,096 9,920 16,592 21,734
Net interest income 29,184 33,429 60,193 69,403
Provision for loan losses 10,709 48,553 38,521 79,308
Net interest income after provision for loan losses 18,475 (15,124) 21,672 (9,905)
Non-interest income:        
Service charges on deposits 11,226 15,502 23,258 30,550
Other service charges and fees 6,886 7,739 14,077 15,117
Securities activities, net (1,500) 312 (1,524) 3,450
Income from unconsolidated subsidiaries 432 237 813 426
Gain on sale of Tampa branches 38,656   38,656  
Other 3,310 2,733 6,937 5,444
Total non-interest income 59,010 26,523 82,217 54,987
Non-interest expense:        
Employee compensation and benefits 19,731 25,155 39,021 50,533
Occupancy and equipment 11,488 13,745 24,073 27,327
Advertising and promotion 1,523 2,239 3,218 4,183
Check losses 663 521 962 953
Professional fees 1,295 4,824 4,654 7,711
Supplies and postage 955 921 1,857 1,919
Telecommunication 446 662 1,021 1,196
Cost associated with debt redemption 1,115 54 1,125 60
Provision for tax certificates 1,021 2,134 1,800 2,867
Impairment on loans held for sale 1,856   2,484  
Employee termination reversals (38)   (193)  
Lease termination (reversals) costs (594) 216 (1,442) 216
Impairment of real estate held for sale 353 1,510 353 1,510
Impairment of real estate owned 6,507 1,221 8,830 1,364
FDIC deposit insurance assessment 2,181 2,430 5,486 4,789
Other 5,582 7,017 10,125 12,135
Total non-interest expense 54,084 62,649 103,374 116,763
Income (loss) before income taxes 23,401 (51,250) 515 (71,681)
Provision for income taxes     1 90
Net income (loss) 23,401 (51,250) 514 (71,771)
Less: net income attributable to noncontrolling interest (290) (239) (585) (447)
Net income (loss) attributable to BankAtlantic Bancorp $ 23,111 $ (51,489) $ (71) $ (72,218)
Basic income (loss) per share $ 0.35 $ (1.02)   $ (1.44)
Diluted income (loss) per share $ 0.35 $ (1.02)   $ (1.44)
Basic weighted average number of common shares outstanding 65,296,721 50,678,568 64,017,490 50,010,292
Diluted weighted average number of common and common equivalent shares outstanding 65,296,721 50,678,568 64,017,490 50,010,292