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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income:      
Loans, including fees $ 42,769 $ 49,633 $ 58,602
Securities, taxable 9,088 5,236 3,618
Securities, non-taxable     9
Interest-bearing deposits in other financial institutions 174 218 64
Total interest income 52,031 55,087 62,293
Interest expense:      
Deposits 3,942 8,086 13,462
Subordinated debt 1,871 1,878 1,933
Repurchase agreements 24 418 787
Short-term borrowings 38 130 62
Note payable     82
Total interest expense 5,875 10,512 16,326
Net interest income before provision for loan losses 46,156 44,575 45,967
Provision for loan losses 4,469 26,804 33,928
Net interest income after provision for loan losses 41,687 17,771 12,039
Noninterest income:      
Service charges and fees on deposit accounts 2,355 2,228 2,221
Servicing income 1,743 1,719 1,587
Increase in cash surrender value of life insurance 1,706 1,677 1,664
Gain on sales of SBA loans 1,461 1,058 1,306
Gain on sales of securities 459 1,955 231
Loss on sales of other loans   (887)  
Other 698 983 1,018
Total noninterest income 8,422 8,733 8,027
Noninterest expense:      
Salaries and employee benefits 20,574 21,234 22,927
Occupancy and equipment 4,083 4,087 3,937
Professional fees 2,861 3,975 3,851
FDIC deposit insurance premiums 1,294 4,002 3,321
Software subscriptions 1,078 1,004 865
Low income housing investment losses 1,035 795 922
Insurance expense 941 1,007 639
Data processing 876 831 912
Advertising and promotion 435 395 406
Foreclosed assets 389 650 518
Writedown of loans held-for-sale 29 1,080  
Impairment of goodwill   43,181  
Other 5,977 5,886 6,462
Total noninterest expense 39,572 88,127 44,760
Income (loss) before income taxes 10,537 (61,623) (24,694)
Income tax benefit (834) (5,766) (12,709)
Net income (loss) 11,371 (55,857) (11,985)
Dividends and discount accretion on preferred stock (2,333) (2,398) (2,376)
Net income (loss) available to common shareholders $ 9,038 $ (58,255) $ (14,361)
Earnings (loss) per common share:      
Basic (in dollars per share) $ 0.28 $ (3.64) $ (1.21)
Diluted (in dollars per share) $ 0.28 $ (3.64) $ (1.21)