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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2011
Quarterly Financial Data [Abstract] |
Quarterly Financial Data | 18. QUARTERLY FINANCIAL DATA (UNAUDITED) Summarized unaudited quarterly financial data follows for the three months ended:
|  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
|  | (In thousands, except per share amounts) |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 37,194 |  |  | $ | 37,294 |  |  | $ | 38,927 |  |  | $ | 48,480 |
Interest expense |  |  | 8,311 |  |  |  | 7,963 |  |  |  | 7,874 |  |  |  | 7,929 |
Net interest income before provision for loan losses |  |  | 28,883 |  |  |  | 29,331 |  |  |  | 31,053 |  |  |  | 40,551 |
Provision for loan losses |  |  | 5,262 |  |  |  | 10,047 |  |  |  | 3,483 |  |  |  | 9,147 |
Net interest income after provision for loan losses |  |  | 23,621 |  |  |  | 19,284 |  |  |  | 27,570 |  |  |  | 31,404 |
Non-interest income |  |  | 4,510 |  |  |  | 7,684 |  |  |  | 4,258 |  |  |  | 6,678 |
Non-interest expense |  |  | 16,695 |  |  |  | 16,886 |  |  |  | 16,817 |  |  |  | 31,836 |
Income before income tax provision |  |  | 11,436 |  |  |  | 10,082 |  |  |  | 15,011 |  |  |  | 6,246 |
Income tax provision |  |  | 4,690 |  |  |  | 3,764 |  |  |  | 5,196 |  |  |  | 2,010 |
Net income |  | $ | 6,746 |  |  | $ | 6,318 |  |  | $ | 9,815 |  |  | $ | 4,236 |
Dividends and discount accretion on preferred stock |  | $ | (1,075 | ) |  | $ | (1,075 | ) |  | $ | (1,077 | ) |  | $ | (1,341 | )
Net income available to common stockholders |  | $ | 5,671 |  |  | $ | 5,243 |  |  | $ | 8,738 |  |  | $ | 2,895 |
Basic earnings per common share |  | $ | 0.15 |  |  | $ | 0.14 |  |  | $ | 0.23 |  |  | $ | 0.05 |
Diluted earnings per common share |  | $ | 0.15 |  |  | $ | 0.14 |  |  | $ | 0.23 |  |  | $ | 0.05 |
|  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
|  | (In thousands, except per share amounts) |
2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 38,661 |  |  | $ | 36,593 |  |  | $ | 37,130 |  |  | $ | 38,052 |
Interest expense |  |  | 13,418 |  |  |  | 9,785 |  |  |  | 9,520 |  |  |  | 9,329 |
Net interest income before provision for loan losses |  |  | 25,243 |  |  |  | 26,808 |  |  |  | 27,610 |  |  |  | 28,723 |
Provision for loan losses |  |  | 25,407 |  |  |  | 42,323 |  |  |  | 11,100 |  |  |  | 5,800 |
Net interest income after provision for loan losses |  |  | (164 | ) |  |  | (15,515 | ) |  |  | 16,510 |  |  |  | 22,923 |
Non-interest income |  |  | 9,384 |  |  |  | 3,460 |  |  |  | 7,339 |  |  |  | 4,298 |
Non-interest expense |  |  | 14,184 |  |  |  | 15,967 |  |  |  | 15,693 |  |  |  | 17,530 |
Income (loss) before income tax provision |  |  | (4,964 | ) |  |  | (28,022 | ) |  |  | 8,156 |  |  |  | 9,691 |
Income tax provision (benefit) |  |  | (2,432 | ) |  |  | (12,145 | ) |  |  | 3,056 |  |  |  | 3,621 |
Net income (loss) |  | $ | (2,532 | ) |  | $ | (15,877 | ) |  | $ | 5,100 |  |  | $ | 6,070 |
Dividends and discount accretion on preferred stock |  | $ | (1,071 | ) |  | $ | (1,073 | ) |  | $ | (1,073 | ) |  | $ | (1,074 | )
Net income (loss) available to common stockholders |  | $ | (3,603 | ) |  | $ | (16,950 | ) |  | $ | 4,027 |  |  | $ | 4,996 |
Basic earnings (loss) per common share |  | $ | (0.10 | ) |  | $ | (0.45 | ) |  | $ | 0.11 |  |  | $ | 0.13 |
Diluted earnings (loss) per common share |  | $ | (0.10 | ) |  | $ | (0.45 | ) |  | $ | 0.11 |  |  | $ | 0.13 |
The net loss in the second quarter was primarily due to the higher provision for loan losses related $63.3 million of problem assets being marketed for sale to improve the asset quality.

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- Definition This element can be used to disclose the entire quarterly financial data disclosure in the annual financial statements as a single block of text. The disclosure includes a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Alternatively, the details of this disclosure can be reported using the elements in this group, or by using other taxonomy elements and applying the appropriate quarterly date and period contexts when creating an instance document. For example, the element for "Interest and Dividend Income, Operating" may be used by financial institutions from the Statement of Income, applying the appropriate quarterly date and period context when creating an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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