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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
INTEREST INCOME        
Loans $ 13,688 $ 12,098 $ 27,084 $ 23,335
Investment securities and other interest-earning assets 1,248 948 2,087 1,827
Total interest income 14,936 13,046 29,171 25,162
Interest-bearing deposits:        
Interest on transaction accounts 280 223 498 552
Interest on certificates of deposit 753 1,224 1,554 2,651
Total interest-bearing deposits 1,033 1,447 2,052 3,203
FHLB advances and other borrowings 238 235 478 470
Subordinated debentures 76 82 153 166
Total interest expense 1,347 1,764 2,683 3,839
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES 13,589 11,282 26,488 21,323
PROVISION FOR LOAN LOSSES 322   618  
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 13,267 11,282 25,870 21,323
NONINTEREST INCOME        
Loan servicing fees 318 214 644 391
Deposit fees 457 472 897 973
Net gain from sales of loans 222 10 945 10
Net gain from sales of investment securities 1,068 174 1,068 174
Other-than-temporary impairment loss on investment securities, net (5) (45) (35) (82)
Gain on FDIC transaction   5,340   5,340
Other income 371 364 636 662
Total noninterest income 2,431 6,529 4,155 7,468
NONINTEREST EXPENSE        
Compensation and benefits 5,687 3,947 10,784 7,467
Premises and occupancy 1,329 981 2,622 1,859
Data processing and communications 755 817 1,390 1,184
Other real estate owned operations, net 574 590 611 737
FDIC insurance premiums 196 168 336 301
Legal, audit and professional expense 249 552 844 1,038
Marketing expense 264 264 470 479
Office and postage expense 322 217 585 380
Loan expense 184 177 432 413
Deposit expense 515 34 675 98
Merger related expense 4,978   6,723  
Other expense 803 458 1,563 890
Total noninterest expense 15,856 8,205 27,035 14,846
NET INCOME (LOSS) BEFORE INCOME TAXES (158) 9,606 2,990 13,945
INCOME TAX 91 3,795 1,267 5,442
NET INCOME (LOSS) $ (249) $ 5,811 $ 1,723 $ 8,503
EARNINGS (LOSS) PER SHARE        
Basic (in dollars per share) $ (0.02) $ 0.56 $ 0.12 $ 0.82
Diluted (in dollars per share) $ (0.02) $ 0.55 $ 0.11 $ 0.80
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 15,516,537 10,329,934 14,939,179 10,332,935
Diluted (in shares) 15,516,537 10,669,005 15,721,262 10,647,590