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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST INCOME:      
Interest and fees on loans $ 145,554 $ 134,390 $ 131,416
Interest on securities 15,501 15,141 25,742
Interest on federal funds sold and other investments 840 905 887
Total interest income 161,895 150,436 158,045
INTEREST EXPENSE:      
Interest on deposits 20,245 27,882 50,636
Interest on FHLB advances 9,926 12,099 13,041
Interest on other borrowings 1,906 2,071 2,022
Total interest expense 32,077 42,052 65,699
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES 129,818 108,384 92,346
PROVISION FOR LOAN LOSSES 27,939 84,630 61,023
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 101,879 23,754 31,323
NON-INTEREST INCOME:      
Service charges on deposit accounts 6,370 6,464 6,784
International service fees 2,625 2,369 2,006
Loan servicing fees, net 1,533 1,836 1,866
Wire transfer fees 1,555 1,192 1,332
Net gains on sales of SBA loans 7,354 1,400 694
Net gains on sales of other loans 33 4,368 728
Net gains on sales and calls of securities available for sale 1,289 6,396 4,427
Net gains (losses) on sales of OREO 193 (605) (320)
Net valuation losses on interest rate swaps (114) (857) (446)
Other income and fees 2,292 1,918 1,397
Total non-interest income 23,130 24,481 18,468
NON-INTEREST EXPENSE:      
Salaries and employee benefits 31,629 25,261 25,437
Occupancy 11,833 9,767 9,918
Furniture and equipment 4,033 3,540 2,926
Advertising and marketing 2,486 2,020 1,671
Data processing and communications 3,913 3,954 3,742
Professional fees 2,971 2,538 2,324
FDIC assessment 4,347 4,968 5,237
Credit related expenses 3,789 4,781 4,407
Merger and integration expense 4,713 1,001 0
Prepayment charge on retirement of debt 6,385 0 0
Other 6,135 5,544 6,051
Total non-interest expense 82,234 63,374 61,713
INCOME (LOSS) BEFORE INCOME TAX PROVISION (BENEFIT) 42,775 (15,139) (11,922)
INCOME TAX PROVISION (BENEFIT) 15,660 (7,900) (6,199)
NET INCOME (LOSS) 27,115 (7,239) (5,723)
DIVIDENDS AND DISCOUNT ACCRETION ON PREFERRED STOCK (4,568) (4,291) (4,276)
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS $ 22,547 $ (11,530) $ (9,999)
EARNINGS (LOSS) PER COMMON SHARE      
Basic $ 0.53 $ (0.30) $ (0.35)
Diluted $ 0.53 $ (0.30) $ (0.35)