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