| Quarterly Financial Information [Text Block] |
NOTE 24. QUARTERLY FINANCIAL RESULTS (unaudited)
The following table provides a summary of selected consolidated quarterly financial data for the two years ended December 31, 2012.
| (In thousands, except per share data) |
|
First
Quarter |
|
|
Second
Quarter |
|
|
Third
Quarter |
|
|
Fourth
Quarter |
|
| 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest income |
|
$ |
11,856 |
|
|
$ |
11,692 |
|
|
$ |
11,393 |
|
|
$ |
10,960 |
|
| Net interest income |
|
|
9,195 |
|
|
|
9,033 |
|
|
|
8,730 |
|
|
|
8,381 |
|
| Provision for credit losses |
|
|
8,370 |
|
|
|
3,525 |
|
|
|
6,200 |
|
|
|
9,650 |
|
| (Loss) income before income taxes |
|
|
(5,099 |
) |
|
|
422 |
|
|
|
(3,178 |
) |
|
|
(8,348 |
) |
| Net (loss) income |
|
|
(3,036 |
) |
|
|
293 |
|
|
|
(1,821 |
) |
|
|
(5,074 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic (loss) earnings per common share |
|
$ |
(0.36 |
) |
|
$ |
0.03 |
|
|
$ |
(0.22 |
) |
|
$ |
(0.60 |
) |
| Diluted (loss) earnings per common share |
|
$ |
(0.36 |
) |
|
$ |
0.03 |
|
|
$ |
(0.22 |
) |
|
$ |
(0.60 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest income |
|
$ |
12,718 |
|
|
$ |
12,735 |
|
|
$ |
12,868 |
|
|
$ |
12,531 |
|
| Net interest income |
|
|
9,862 |
|
|
|
9,942 |
|
|
|
10,123 |
|
|
|
9,837 |
|
| Provision for credit losses |
|
|
6,390 |
|
|
|
5,395 |
|
|
|
3,650 |
|
|
|
4,035 |
|
| (Loss) income before income taxes |
|
|
(2,024 |
) |
|
|
(266 |
) |
|
|
319 |
|
|
|
416 |
|
| Net (loss) income |
|
|
(1,083 |
) |
|
|
(233 |
) |
|
|
94 |
|
|
|
325 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic (loss) earnings per common share |
|
$ |
(0.13 |
) |
|
$ |
(0.03 |
) |
|
$ |
0.01 |
|
|
$ |
0.04 |
|
| Diluted (loss) earnings per common share |
|
$ |
(0.13 |
) |
|
$ |
(0.03 |
) |
|
$ |
0.01 |
|
|
$ |
0.04 |
|
Earnings per share are based on quarterly results and may not be additive to the annual earnings per share amounts. |