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Condensed Consolidated Statements of Operations (unaudited) (USD $)
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 $ 6,299,000 $ 8,186,000 $ 13,120,000 $ 17,045,000
Interest and dividends on investment securities:        
Taxable 1,357,000 1,591,000 2,892,000 3,107,000
Tax-exempt 477,000 763,000 1,028,000 1,661,000
Interest on interest-bearing deposits in other banks 48,000 34,000 95,000 56,000
Total interest income 8,181,000 10,574,000 17,135,000 21,869,000
Interest Expense:        
Interest on deposits 914,000 1,634,000 1,932,000 3,372,000
Interest on borrowings 208,000 184,000 424,000 384,000
Total interest expense 1,122,000 1,818,000 2,356,000 3,756,009
Net interest income 7,059,000 8,756,000 14,779,000 18,113,000
Provision for loan losses 10,025,000 8,050,000 10,100,000 9,925,000
Net interest income after provision for loan losses (2,966,000) 706,000 4,679,000 8,188,000
Non-interest income:        
Trust and farm management fees 316,000 269,000 606,000 559,000
Service charges on deposit accounts 966,000 1,002,000 1,936,000 1,945,000
Other service charges 395,000 421,000 882,000 826,000
Gains on sales of securities available-for-sale 5,098,000 1,598,000 5,652,000 2,682,000
Brokerage fee income 167,000 207,000 321,000 346,000
Mortgage banking income, net 74,000 288,000 441,000 740,000
Bank-owned life insurance income 221,000 225,000 441,000 446,000
Other operating income 1,112,000 17,000 1,213,000 83,000
Total non-interest income 8,349,000 4,027,000 11,492,000 7,627,000
Non-interest expense:        
Salaries and employee benefits 4,373,000 4,529,000 9,147,000 9,145,000
Occupancy 645,000 623,000 1,297,000 1,312,000
Equipment expense 788,000 781,000 1,551,000 1,562,000
Federal insurance assessments 1,056,000 447,000 1,972,000 1,087,000
Intangible assets amortization 141,000 175,000 274,000 369,000
Data processing 417,000 349,000 789,000 715,000
Marketing 122,000 139,000 298,000 294,000
Other real estate expense, net 1,282,000 1,433,000 935,000 2,015,000
Loan collection expenses 1,265,000 371,000 2,175,000 534,000
Other operating expense 1,419,000 1,386,000 2,791,000 2,635,000
Total non-interest expense 11,508,000 10,233,000 21,236,000 19,668,000
Loss before income taxes (6,125,000) (5,500,000) (5,065,000) (3,853,000)
Income tax expense (benefit) 0 (2,575,000) 53,000 (2,663,000)
Net loss (6,125,000) (2,925,000) (5,118,000) (1,190,000)
Dividends in arrears on preferred shares 314,000 0 627,000 0
Accretion of preferred stock discount 7,000 7,000 15,000 15,000
Net loss available to common stockholders $ (6,446,000) $ (2,932,000) $ (5,760,000) $ (1,205,000)
Loss per share available to common stockholders:        
Basic net loss per common share available to common stockholders (in Dollars per share) $ (1.92) $ (0.88) $ (1.72) $ (0.36)
Diluted net loss per common share available to common stockholders (in Dollars per share) $ (1.92) $ (0.88) $ (1.72) $ (0.36)
Basic weighted average shares outstanding (in Shares) 3,354,896 3,328,035 3,352,167 3,327,005
Diluted weighted average shares outstanding (in Shares) 3,354,896 3,328,035 3,352,167 3,327,005