Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Data (Unaudited)

Selected Quarterly Financial Data (Unaudited)

Note 26:  SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Results of operations on a quarterly basis were as follows (dollars in thousands except for per share data):

	Year Ended December 31, 2011
	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
Interest income	$	49,663		$	49,888	$	49,561	$	48,451
Interest expense		9,607			8,687		7,833		6,865
Net interest income before provision for loan losses		40,056			41,201		41,728		41,586
Provision for loan losses		17,000			8,000		5,000		5,000
Net interest income		23,056			33,201		36,728		36,586
Other operating income		7,246			9,253		10,340		7,151
Other operating expenses		38,144			40,255		41,038		38,667
Income before provision for income taxes		(7,842	)		2,199		6,030		5,070
Provision (benefit) for income taxes		--			--		--		--
Net income (loss)		(7,842	)		2,199		6,030		5,070
Preferred stock dividend		1,550			1,550		1,550		1,550
Preferred stock discount accretion		426			425		425		425
Net income (loss) available to common shareholders	$	(9,818	)	$	224	$	4,055	$	3,095
Basic earnings (loss) per share	$	(0.61	)	$	0.01	$	0.24	$	0.18
Diluted earnings (loss) per share		(0.61	)		0.01		0.24		0.18
Cumulative dividends declared		0.07			0.01		0.01		0.01

	Year Ended December 31, 2010
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Interest income	$	55,970		$	55,634		$	54,250		$	52,228
Interest expense		17,820			16,693			14,328			11,471
Net interest income before provision for loan losses		38,150			38,941			39,922			40,757
Provision for loan losses		14,000			16,000			20,000			20,000
Net interest income		24,150			22,941			19,922			20,757
Other operating income		7,724			6,186			7,652			7,586
Other operating expenses		35,415			38,024			46,328			41,034
Income before provision for income taxes		(3,541	)		(8,897	)		(18,754	)		(12,691	)
Provision (benefit) for income taxes		(2,024	)		(3,951	)		23,988			--
Net loss		(1,517	)		(4,946	)		(42,742	)		(12,691	)
Preferred stock dividend		1,550			1,550			1,550			1,550
Preferred stock discount accretion		398			399			398			398
Net loss available to common shareholders	$	(3,465	)	$	(6,895	)	$	(44,690	)	$	(14,639	)
Basic earnings (loss) per share	$	(1.12	)	$	(1.96	)	$	(2.80	)	$	(0.91	)
Diluted earnings (loss) per share		(1.12	)		(1.96	)		(2.80	)		(0.91	)
Cumulative dividends declared		0.07			0.07			0.07			0.07

	Year Ended December 31, 2009
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Interest income	$	60,331		$	59,158		$	59,573		$	58,308
Interest expense		25,372			24,233			23,221			19,971
Net interest income before provision for loan losses		34,959			34,925			36,352			38,337
Provision for loan losses		22,000			45,000			25,000			17,000
Net interest income		12,959			(10,075	)		11,352			21,337
Other operating income		4,648			19,977			13,453			5,612
Other operating expenses		33,793			36,891			36,629			34,767
Income before provision for income taxes		(16,186	)		(26,989	)		(11,824	)		(7,818	)
Provision (benefit) for income taxes		(6,923	)		(10,478	)		(5,376	)		(4,276	)
Net loss		(9,263	)		(16,511	)		(6,448	)		(3,542	)
Preferred stock dividend		1,550			1,550			1,550			1,550
Preferred stock discount accretion		373			373			373			373
Net loss available to common shareholders	$	(11,186	)	$	(18,434	)	$	(8,371	)	$	(5,465	)
Basic earnings (loss) per share	$	(4.55	)	$	(7.28	)	$	(3.08	)	$	(1.89	)
Diluted earnings (loss) per share		(4.55	)		(7.28	)		(3.08	)		(1.89	)
Cumulative dividends declared		0.07			0.07			0.07			0.07