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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
INTEREST INCOME:        
Loans receivable $ 42,292 $ 44,473 $ 83,781 $ 88,824
Mortgage-backed securities 1,394 995 2,566 1,922
Securities and cash equivalents 1,885 2,230 3,733 4,513
Total Interest Income 45,571 47,698 90,080 95,259
INTEREST EXPENSE:        
Deposits 2,490 4,035 5,210 8,483
FHLB advances 40 64 64 127
Other borrowings 51 74 107 623
Junior subordinated debentures 742 802 1,482 1,814
Total Interest Expense 3,323 4,975 6,863 11,047
Net interest income before provision for loan losses 42,248 42,723 83,217 84,212
PROVISION FOR LOAN LOSSES 0 4,000 0 9,000
Net interest income 42,248 38,723 83,217 75,212
OTHER OPERATING INCOME:        
Deposit fees and other service charges 6,628 6,283 12,928 12,152
Mortgage banking operations 3,574 2,736 6,412 5,211
Miscellaneous 664 514 1,455 1,093
Other operating income (loss) 10,866 9,533 20,795 18,456
Gain on sale of securities 12 29 1,018 29
Other-than-temporary impairment recovery 0 0 409 0
Net change in valuation of financial instruments carried at fair value (255) (19,059) (1,601) (17,374)
Total other operating income 10,623 (9,497) 20,621 1,111
OTHER OPERATING EXPENSES:        
Salary and employee benefits 21,224 19,390 41,953 38,900
Less capitalized loan origination costs (3,070) (2,747) (5,941) (4,997)
Occupancy and equipment 5,415 5,204 10,744 10,681
Information/computer data services 1,923 1,746 3,643 3,261
Payment and card processing expenses 2,449 2,116 4,753 4,006
Professional services 820 1,224 1,726 2,568
Advertising and marketing 1,798 1,650 3,297 3,716
Deposit insurance 617 816 1,263 2,179
State/municipal business and use taxes 538 565 1,003 1,133
REO operations (195) 1,969 (446) 4,567
Amortization of core deposit intangibles 477 523 982 1,075
Miscellaneous 3,461 3,210 6,580 6,490
Total other operating expenses 35,457 35,666 69,557 73,579
Income (loss) before provision for income taxes 17,414 (6,440) 34,281 2,744
PROVISION FOR (BENEFIT FROM) INCOME TAXES 5,661 (31,830) 10,945 (31,830)
NET INCOME 11,753 25,390 23,336 34,574
PREFERRED STOCK DIVIDEND, DISCOUNT ACCRETION AND GAINS        
Preferred stock dividend 0 1,550 0 3,100
Preferred stock discount accretion 0 454 0 908
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 11,753 $ 23,386 $ 23,336 $ 30,566
Earnings per common share:        
Basic (in dollars per share) $ 0.61 $ 1.27 $ 1.21 $ 1.69
Diluted (in dollars per share) $ 0.60 $ 1.27 $ 1.20 $ 1.69
Cumulative dividends declared per common share (in dollars per share) $ 0.12 $ 0.01 $ 0.24 $ 0.02