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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
INTEREST INCOME:        
Loans receivable $ 41,953 $ 43,953 $ 125,734 $ 131,981
Mortgage-backed securities 1,281 1,089 3,847 3,011
Securities and cash equivalents 1,803 2,132 5,535 6,645
Total Interest Income 45,037 47,174 135,116 141,637
INTEREST EXPENSE:        
Deposits 2,330 3,536 7,539 12,019
FHLB advances 28 64 92 191
Other borrowings 44 71 151 694
Junior subordinated debentures 742 805 2,225 2,619
Total Interest Expense 3,144 4,476 10,007 15,523
Net interest income before provision for loan losses 41,893 42,698 125,109 126,114
PROVISION FOR LOAN LOSSES 0 3,000 0 12,000
Net interest income 41,893 39,698 125,109 114,114
OTHER OPERATING INCOME:        
Deposit fees and other service charges 6,982 6,681 19,911 18,833
Mortgage banking operations 2,590 3,774 9,002 9,838
Miscellaneous 920 1,146 2,375 2,182
Other operating income (loss) 10,492 11,601 31,288 30,853
Gain on sale of securities 2 19 1,020 48
Other-than-temporary impairment recovery (loss) 0 (409) 409 (409)
Net change in valuation of financial instruments carried at fair value (352) 473 (1,954) (16,901)
Total other operating income 10,142 11,684 30,763 13,591
OTHER OPERATING EXPENSES:        
Salary and employee benefits 21,244 19,614 63,197 58,514
Less capitalized loan origination costs (2,915) (2,655) (8,856) (7,652)
Occupancy and equipment 5,317 5,811 16,061 16,492
Information/computer data services 1,710 1,807 5,353 5,068
Payment and card processing expenses 2,530 2,335 7,284 6,341
Professional services 1,074 993 2,799 3,561
Advertising and marketing 1,556 1,897 4,853 5,613
Deposit insurance 564 791 1,826 2,970
State/municipal business and use taxes 461 582 1,463 1,715
REO operations (601) (1,304) (1,047) 3,263
Amortization of core deposit intangibles 471 508 1,453 1,583
Miscellaneous 3,079 2,976 9,660 9,466
Total other operating expenses 34,490 33,355 104,046 106,934
Income before provision for income taxes 17,545 18,027 51,826 20,771
PROVISION FOR (BENEFIT FROM) INCOME TAXES 5,880 2,407 16,825 (29,423)
NET INCOME 11,665 15,620 35,001 50,194
PREFERRED STOCK DIVIDEND, DISCOUNT ACCRETION AND GAINS        
Preferred stock dividend 0 1,227 0 4,327
Preferred stock discount accretion 0 1,216 0 2,124
Gain on repurchase of preferred stock 0 (2,070) 0 (2,070)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 11,665 $ 15,247 $ 35,001 $ 45,813
Earnings per common share:        
Basic (in dollars per share) $ 0.60 $ 0.80 $ 1.81 $ 2.49
Diluted (in dollars per share) $ 0.60 $ 0.79 $ 1.80 $ 2.48
Cumulative dividends declared per common share (in dollars per share) $ 0.15 $ 0.01 $ 0.39 $ 0.03