Selected Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Information (Unaudited) [Abstract]

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

NOTE 20 – SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Presented below is a summary of the consolidated quarterly financial data:


	Predecessor Company									Successor Company
	Three months ended						07/01/2011 through			09/08/2011 through			Three Months Ended
Summary of Operations	03/31/2011			06/30/2011			09/07/2011			09/30/2011			12/31/2011
Net interest income	$	19,267		$	19,452		$	14,058		$	(236	)	$	(741	)
Provision for loan losses		13,897			14,333			15,513			—			—
Noninterest income		7,627			8,236			11,940			1,169			2,297
Noninterest expense		23,027			24,770			29,585			95			188
Income tax expense (benefit)		281			281			974			(123	)		(318	)
Net income (loss)	$	(10,311	)	$	(11,134	)	$	(20,074	)	$	961		$	1,686

Net income (loss) available to common shareholders	$	(11,561	)	$	(12,384	)	$	(20,983	)	$	961		$	1,686

Comprehensive income	$	(10,272	)	$	(11,096	)	$	(20,286	)	$	(308	)	$	1,494

Basic earnings (loss) per share	$	(0.88	)	$	(0.94	)	$	(3.23	)	$	0.01		$	.01
Diluted earnings (loss) per share	$	(0.88	)	$	(0.94	)	$	(3.23	)	$	0.01		$	.01

Dividends per common share	$	0.00		$	0.00		$	0.00		$	0.00		$	0.00
Average common shares outstanding		13,108,598			13,126,923			13,145,744			133,083,075			133,083,075
Average common shares outstanding – diluted		13,108,598			13,126,923			13,145,744			133,174,370			133,160,384

Predecessor Company:


	For the three months ended
Summary of Operations	03/31/2010		06/30/2010		09/30/2010			12/31/2010
Net interest income	$	21,659	$	21,473	$	20,747		$	19,714
Provision for loan losses		3,889		4,749		36,823			25,646
Noninterest income		7,686		8,771		9,029			7,058
Noninterest expense		20,546		21,274		27,009			41,986
Income tax expense (benefit)		1,714		1,410		1,098			10,688

Net income (loss)	$	3,196	$	2,811	$	(35,154	)	$	(51,548	)

Net income (loss) available to common shareholders	$	1,946	$	1,561	$	(36,405	)	$	(52,798	)

Comprehensive income	$	4,166	$	3,705	$	(34,583	)	$	(53,173	)

Basic earnings (loss) per share	$	0.15	$	0.12	$	(2.78	)	$	(4.03	)

Diluted earnings (loss) per share	$	0.15	$	0.12	$	(2.78	)	$	(4.03	)

Dividends per common share	$	0.00	$	0.00	$	0.00		$	0.00
Average common shares outstanding		13,082,347		13,097,611		13,097,611			13,097,611
Average common shares outstanding – diluted		13,172,727		13,192,648		13,097,611			13,097,611

- 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+ Details

GREEN BANKSHARES, INC. 10-K