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Earnings Informationemail this  PDF view  Print view
Trend Analysis--Quarterly (click here for Annual Analysis)

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Balance Sheet ($000)
 2009 Q42008 Q4Y-Y
Ch (%)		2009 Q3Q-Q
Ch (%)†
Loans Held for Investment, before Reserves2,320,3192,509,759(7.55)2,454,101(21.81)
Loans Held for Sale, before Reserves000.0000.00
Loan Loss Reserve128,80044,432189.8883,506216.96
Net Loans Receivable2,191,5192,465,327(11.11)2,370,595(30.22)
Intangible Assets77,25393,545(17.42)91,826(63.48)
Total Assets3,435,5453,570,212(3.77)3,544,130(12.26)
Deposits2,570,1112,412,7916.522,555,1892.34
Debt, Senior and Subordinated777,078817,041(4.89)777,0780.00
Common Equity(67,194)183,086NM56,803NM
Total Shareholders' Equity56,476305,834(81.53)180,239(274.66)
Shares Outstanding (actual)28,121,00027,892,5780.8228,116,3120.07
Income Statement ($000)
 2009 Q42008 Q4Y-Y
Ch (%)		2009 Q3Q-Q
Ch (%)†
Net Interest Income14,77219,832(25.51)15,942(29.36)
Provision for Loan Losses98,00020,000390.0036,700668.12
Noninterest Income2,6743,732(28.35)3,271(73.01)
Noninterest Expense39,28725,67853.0023,200277.36
Net Income Before Taxes(119,680)(22,114)441.20(40,301)787.86
Provision for Taxes(21)(26,543)(99.92)966NM
Net Income(119,659)4,429NM(41,267)759.85
Per Share Items ($)
 2009 Q42008 Q4Y-Y
Ch (%)		2009 Q3Q-Q
Ch (%)†
Book Value per Share(2.39)6.56NM2.02NM
Tangible Book Value(5.14)3.21NM(1.25)1,250.07
Diluted EPS Before Extra(4.30)0.11NM(1.52)731.58
Diluted EPS After Extra(4.30)0.11NM(1.52)731.58
Dividends Declared0.00000.00000.000.00000.00
Performance Ratios (%)
 2009 Q42008 Q4Y-Y
Ch (bp)		2009 Q3Q-Q
Ch (bp)
ROAA(13.39)0.49(1,388)(4.49)(890)
ROAE(301.80)7.17(30,897)(78.30)(22,350)
Net Interest Margin1.742.51(77)1.83(9)
Loans / Deposits90.28104.02(1,374)96.04(576)
Efficiency Ratio198.00104.589,34297.7410,026
Balance Sheet Ratios (%)
 2009 Q42008 Q4Y-Y
Ch (bp)		2009 Q3Q-Q
Ch (bp)
Tangible Equity/ Tangible Assets(0.62)6.11(672)2.56(318)
Equity/ Assets1.648.57(692)5.09(344)
Asset Quality Ratios (%)
 2009 Q42008 Q4Y-Y
Ch (bp)		2009 Q3Q-Q
Ch (bp)
Nonperforming Assets/ Assets9.092.366736.22287
Loan Loss Reserves/ Gross Loans5.551.773783.40215
Loan Loss Reserves/ NPAs41.2352.81(1,158)37.85338
Net Charge-offs/ Avg Loans8.802.406402.73607
Regulatory Capital Ratios (%)
 2009 Q42008 Q4Y-Y
Ch (bp)		2009 Q3Q-Q
Ch (bp)
Tier 1 Capital RatioNA8.30NA6.05NA
  † Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

  * Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.



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