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Condensed Consolidated Statements of Income (unaudited) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest Income:    
Interest and fees on loans$ 7,874$ 9,632$ 24,919$ 30,059
Interest and dividends on investment securities:    
Taxable1,5561,0424,6633,689
Tax-exempt6171,3362,2784,024
Interest on interest-bearing deposits in other banks373293104
Total interest income10,08412,04231,95337,876
Interest Expense:    
Interest on deposits1,5222,3184,8948,348
Interest on borrowings1974795811,615
Total interest expense1,7192,7975,4759,963
Net interest income8,3659,24526,47827,913
Provision for loan losses7,9756,72517,90013,300
Net interest income after provision for loan losses3902,5208,57814,613
Non-interest income:    
Fiduciary and farm management fees256269815850
Service charges on deposit accounts1,0871,0043,0322,853
Other service charges5654691,3911,436
Gains on sales of securities available-for-sale1102,693722
Brokerage fee income148134494547
Mortgage servicing rights impairment(817)(333)(817)(922)
Mortgage banking income, net5726941,3121,457
Bank-owned life insurance income231227677684
Other operating income361011968
Total non-interest income2,0892,4749,7167,695
Non-interest expense:    
Salaries and employee benefits4,6594,62813,80413,494
Occupancy6776451,9891,978
Equipment expense7547822,3162,296
Federal insurance assessments6816031,7681,835
Intangible assets amortization144204513606
Data processing3013551,016987
Marketing151154445536
Other real estate expenses, net8534462,8681,567
Loan collection expenses5631041,097492
Write-down of land held-for-sale01100110
Other operating expense1,3061,0163,9413,248
Total non-interest expense10,0899,04729,75727,149
Loss before income taxes(7,610)(4,053)(11,463)(4,841)
Income tax expense (benefit)11,215(2,142)8,552(3,609)
Net loss(18,825)(1,911)(20,015)(1,232)
Dividends on preferred shares03140941
Dividends in arrears on preferred shares31409410
Accretion of preferred stock discount772221
Net loss available to common stockholders$ (19,146)$ (2,232)$ (20,978)$ (2,194)
Loss per share available to common stockholders:    
Basic net loss per common share available to common stockholders (in Dollars per share)$ (5.75)$ (0.67)$ (6.30)$ (0.66)
Diluted net loss per common share available to common stockholders (in Dollars per share)$ (5.75)$ (0.67)$ (6.30)$ (0.66)
Basic weighted average shares outstanding (in Shares)3,330,0803,313,0293,328,0413,309,869
Diluted weighted average shares outstanding (in Shares)3,330,0803,313,0293,328,0413,309,869