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Consolidated Statements of Income (Loss) (Unaudited) (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 earned on cash and cash equivalents $ 72 $ 112 $ 123 $ 217
Dividends received on FHLB stock 13 13 25 27
Interest earned on investment securities available for sale        
U.S. Treasury and federal agencies (taxable)       6
State and municipal (nontaxable) 669 918 1,584 1,463
Collateralized mortgage obligations (taxable) 387 772 896 1,327
Other mortgage-backed (taxable) 207 219 419 419
SBA loan backed (taxable) 49   49  
Interest and fees earned on loans 10,025 11,111 20,351 22,383
Total interest income 11,422 13,145 23,447 25,842
Interest expense        
Interest paid on deposits 1,339 2,524 2,732 5,200
Interest paid on retail repurchase agreements   8 1 19
Interest paid on FHLB borrowings   23   72
Total interest expense 1,339 2,555 2,733 5,291
Net interest income 10,083 10,590 20,714 20,551
Provision for loan losses 8,450 7,400 11,150 12,900
Net interest income after provision for loan losses 1,633 3,190 9,564 7,651
Noninterest income        
Service charges on deposit accounts, net 1,669 1,875 3,343 3,637
Fees for trust, investment management and brokerage services 870 842 1,589 1,533
Mortgage-banking 832 241 1,633 617
Automatic teller machine 248 256 489 488
Bankcard services 57 49 119 125
Investment securities gains, net 9,859 56 9,859 56
Other 428 439 861 874
Total noninterest income 13,963 3,758 17,893 7,330
Noninterest expense        
Salaries and other personnel 5,335 5,998 10,943 12,252
Occupancy 1,064 1,146 2,328 2,329
Furniture and equipment 834 930 1,725 1,915
Professional services 424 553 890 1,063
FDIC deposit insurance assessment 446 702 1,097 1,660
Marketing 374 520 562 934
Loan workout 158 453 387 471
Foreclosed real estate writedowns and expenses 6,966 1,504 8,334 2,337
Loss on other loans held for sale 2,406 3,797 2,534 4,948
Other 1,227 2,105 2,365 3,860
Total noninterest expense 19,234 17,708 31,165 31,769
Net loss before provision (benefit) for income taxes (3,638) (10,760) (3,708) (16,788)
Provision (benefit) for income taxes 3,511 (1,191) 4,028 (1,139)
Net loss $ (7,149) $ (9,569) $ (7,736) $ (15,649)
Common and per share data        
Net loss - basic $ (0.57) $ (0.76) $ (0.61) $ (1.25)
Net loss - diluted $ (0.57) $ (0.76) $ (0.61) $ (1.25)
Cash dividends            
Book value $ 7.04 $ 8.51 $ 7.04 $ 8.51
Weighted average common shares outstanding - basic 12,638,160 12,616,887 12,637,990 12,490,833
Weighted average common shares outstanding - diluted 12,638,160 12,616,887 12,637,990 12,490,833