QUARTERLY FINANCIAL RESULTS (unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

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.