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Quarterly Results of Operations (Unaudited)
12 Months Ended
Dec. 31, 2011
Quarterly Results of Operations (Unaudited)  
Quarterly Results of Operations (Unaudited)

19. Quarterly Results of Operations (Unaudited)

 

The following is a summary of selected financial data presented below by quarter for the periods indicated:

 

 

 

First

 

Second

 

Third

 

Fourth

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

 

 

(dollars in thousands, except per share data)

 

For the year ended December 31, 2011

 

 

 

 

 

 

 

 

 

Interest income

 

$

11,734

 

$

12,809

 

$

12,545

 

$

13,137

 

Interest expense

 

2,632

 

2,473

 

2,314

 

2,177

 

Provision for estimated loan losses

 

106

 

1,300

 

1,322

 

527

 

Noninterest income (loss)

 

5,239

 

(1,093

)

2,110

 

257

 

Noninterest expense

 

6,359

 

6,855

 

7,074

 

6,616

 

Income tax provision

 

3,104

 

303

 

1,485

 

1,519

 

Net income

 

$

4,772

 

$

785

 

$

2,460

 

$

2,555

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.47

 

$

0.08

 

$

0.25

 

$

0.25

 

Diluted

 

$

0.44

 

$

0.08

 

$

0.23

 

$

0.24

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2010

 

 

 

 

 

 

 

 

 

Interest income

 

$

10,184

 

$

9,990

 

$

10,480

 

$

10,449

 

Interest expense

 

3,524

 

3,148

 

3,078

 

2,916

 

Provision for estimated loan losses

 

1,056

 

639

 

397

 

 

Noninterest income (loss)

 

(726

)

(1,038

)

674

 

14

 

Noninterest expense

 

4,322

 

4,808

 

4,809

 

5,009

 

Income tax provision

 

100

 

20

 

1,025

 

938

 

Net income

 

$

456

 

$

337

 

$

1,845

 

$

1,600

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.05

 

$

0.03

 

$

0.18

 

$

0.16

 

Diluted

 

$

0.04

 

$

0.03

 

$

0.17

 

$

0.14