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Consolidated Results of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income:        
Interest and fees on loans $ 6,404 $ 7,329 $ 12,773 $ 14,686
Interest on investment securities:        
Interest exempt from federal income taxes 249 117 484 245
Taxable interest income 1,774 2,163 3,656 4,100
Dividend income 14 9 25 18
Other interest income 4 14 6 21
Total interest income 8,445 9,632 16,944 19,070
Interest expense:        
Demand accounts 390 505 796 1,062
Savings 60 74 155 127
Time 1,166 1,790 2,436 3,601
Short-term borrowings 95 73 176 142
Long-term obligations 76 145 195 325
Total interest expense 1,787 2,587 3,758 5,257
Net interest income 6,658 7,045 13,186 13,813
Provision for loan losses 866 1,273 866 5,203
Net interest income after provision for loan losses 5,792 5,772 12,320 8,610
Noninterest income:        
Service charges on deposit accounts 945 828 1,802 1,593
Other service charges and fees 518 330 847 574
Mortgage origination fees 376 452 782 778
Net gain on sale of securities 279 858 324 884
Income from bank owned life insurance 102 74 203 148
Other operating (expense) income 1 (3) 2 (7)
Total noninterest income 2,221 2,539 3,960 3,970
Noninterest expenses:        
Salaries 2,865 2,826 5,784 5,390
Retirement and other employee benefits 815 784 1,918 1,460
Occupancy 518 522 1,048 1,005
Equipment 603 513 1,193 1,072
Professional fees 343 271 562 542
Supplies 41 78 115 129
Telephone 184 189 382 358
FDIC insurance 203 201 407 527
Other outside services 92 162 192 343
Data processing and related expenses 346 83 742 153
Net cost of real estate and repossessions acquired in settlement of loans 463 79 1,147 97
Other operating expenses 784 949 1,685 1,825
Total noninterest expenses 7,257 6,657 15,175 12,901
Income (loss) before income taxes 756 1,654 1,105 (321)
Income tax expense (benefit) 168 509 140 (382)
Net income 588 1,145 965 61
Preferred stock dividends 225 224 449 448
Accretion of discount 41 41    82
Income (loss) available to common shareholders $ 322 $ 880 $ 434 $ (469)
Net income (loss) per common share - basic $ 0.11 $ 0.31 $ 0.15 $ (0.16)
Net income (loss) per common share - diluted $ 0.11 $ 0.31 $ 0.15 $ (0.16)
Weighted average common shares outstanding - basic 2,849,841 2,849,841 2,849,841 2,849,841
Weighted average common shares outstanding - diluted 2,849,841 2,849,841 2,849,841 2,849,841