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Consolidated Results of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest income:        
Interest and fees on loans $ 6,741 $ 7,096 $ 19,514 $ 21,782
Interest on investment securities:        
Interest exempt from federal income taxes 246 106 730 351
Taxable interest income 1,743 1,961 5,399 6,061
Dividend income 15 9 40 27
Other interest income 6 17 12 38
Total interest income 8,751 9,189 25,695 28,259
Interest expense:        
Demand accounts 358 511 1,154 1,573
Savings 50 85 205 212
Time 1,090 1,751 3,526 5,352
Short-term borrowings 104 73 280 215
Long-term obligations 74 146 269 471
Total interest expense 1,676 2,566 5,434 7,823
Net interest income 7,075 6,623 20,261 20,436
Provision for loan losses 1,917 1,028 2,783 6,231
Net interest income after provision for loan losses 5,158 5,595 17,478 14,205
Noninterest income:        
Service charges on deposit accounts 902 836 2,704 2,429
Other service charges and fees 541 410 1,388 984
Mortgage origination fees 446 255 1,228 1,033
Net gain on sale of securities 3,220 998 3,544 1,882
Income from bank owned life insurance 101 74 304 222
Other operating (expense) income 44 (5) 46 (12)
Total noninterest income 5,254 2,568 9,214 6,538
Noninterest expenses:        
Salaries 2,922 2,737 8,706 8,127
Retirement and other employee benefits 782 638 2,700 2,098
Occupancy 538 528 1,586 1,533
Equipment 587 550 1,780 1,622
Professional fees 271 240 833 782
Supplies 28 49 143 178
Communications/data lines 170 179 552 537
FDIC insurance 204 236 611 763
Other outside services 279 94 471 437
Data processing and related expenses 421 408 1,163 561
Net cost of real estate and repossessions acquired in settlement of loans 321 645 1,468 742
Other operating expenses 1,419 1,235 3,104 3,060
Total noninterest expenses 7,942 7,539 23,117 20,440
Income before income taxes 2,470 624 3,575 303
Income tax expense (benefit) 821 97 961 (285)
Net income 1,649 527 2,614 588
Preferred stock dividends 225 225 673 673
Accretion of discount 42 42 124 124
Income (loss) available to common shareholders $ 1,382 $ 260 $ 1,817 $ (209)
Net income (loss) per share - basic $ 0.48 $ 0.09 $ 0.64 $ (0.07)
Net income (loss) per share - diluted $ 0.48 $ 0.09 $ 0.64 $ (0.07)
Weighted average shares outstanding - basic 2,849,841 2,849,841 2,849,841 2,849,841
Weighted average shares outstanding - diluted 2,851,408 2,849,841 2,850,367 2,849,841