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Consolidated Statements Of Income (Loss) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income        
Interest earned on cash and cash equivalents $ 112 $ 88 $ 217 $ 155
Dividends received on FHLB stock 13 5 27 9
Interest earned on investment securities available for sale        
U.S. Treasury and federal agencies (taxable)   7 6 14
State and municipal (nontaxable) 918 364 1,463 749
Collateralized mortgage obligations (taxable) 772 276 1,327 889
Other mortgage-backed (taxable) 219 139 419 337
Interest and fees earned on loans 11,503 13,571 23,072 27,176
Total interest income 13,537 14,450 26,531 29,329
Interest expense        
Interest paid on deposits 2,524 3,274 5,200 6,837
Interest paid on retail repurchase agreements 8 13 19 27
Interest paid on commercial paper   11   21
Interest paid on FHLB borrowings 23 408 72 901
Other   10   10
Total interest expense 2,555 3,716 5,291 7,796
Net interest income 10,982 10,734 21,240 21,533
Provision for loan losses 7,400 12,750 12,900 23,500
Net interest income (loss) after provision for loan losses 3,582 (2,016) 8,340 (1,967)
Noninterest income        
Service charges on deposit accounts, net 1,875 2,027 3,637 3,977
Fees for trust and investment management and brokerage services 842 735 1,533 1,386
Mortgage-banking 241 180 617 609
Automatic teller machine 256 240 488 471
Merchant services   101 10 895
Bankcard services 49 175 125 331
Investment securities gains, Net 56   56 8
Other 439 271 864 549
Total noninterest income 3,758 3,729 7,330 8,226
Noninterest expense        
Salaries and other personnel 6,390 6,302 12,941 12,439
Occupancy 1,146 1,148 2,329 2,319
Furniture and equipment 930 927 1,915 1,894
Professional services 553 733 1,063 1,280
FDIC deposit insurance assessment 702 981 1,660 1,696
Marketing 520 450 934 745
Foreclosed real estate writedowns and expenses 1,504 2,550 2,337 3,562
Loss on commercial loans held for sale 3,797   4,948  
Other 2,558 1,948 4,331 3,984
Total noninterest expense 18,100 15,039 32,458 27,919
Net loss before benefit for income taxes (10,760) (13,326) (16,788) (21,660)
Benefit for income taxes (1,191) (4,793) (1,139) (7,835)
Net loss $ (9,569) $ (8,533) $ (15,649) $ (13,825)
Common and per share data        
Net loss - basic $ (0.76) $ (5.29) $ (1.25) $ (8.57)
Net loss - diluted $ (0.76) $ (5.29) $ (1.25) $ (8.57)
Cash dividends        
Book value $ 8.51 $ 38.57 $ 8.51 $ 38.57
Weighted average common shares outstanding - basic 12,616,887 1,613,900 12,490,833 1,613,900
Weighted average common shares outstanding - diluted 12,616,887 1,613,900 12,490,833 1,613,900