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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest and Dividend Income:      
Loans, including fees $ 45,727 $ 54,977 $ 57,113
Taxable securities 6,750 3,703 1,234
Tax exempt securities 1,052 885 509
Total interest income 53,529 59,565 58,856
Interest Expense:      
Deposits 18,185 19,729 17,917
Short-term borrowings   38 152
Federal Home Loan Bank advances 1,142 2,388 2,405
Subordinated debentures 1,373 1,330 1,318
Total interest expense 20,700 23,485 21,792
Net interest income 32,829 36,080 37,064
Provision for loan losses 21,210 16,881 9,524
Net interest income after provision for loan losses 11,619 19,199 27,540
Non-interest Income:      
Customer service fees on deposit accounts 6,125 6,479 6,677
Gain on sale of mortgage loans 1,200 1,760 1,194
Gain on sale of investments 995 60  
Loss on sale of investments (149) (23)  
Other than temporary impairment loss:      
Total other-than-temporary impairment losses (168) (1,048) (1,077)
Portion of loss recognized in other comprehensive income/(loss) (before taxes)     215
Net impairment losses recognized in earnings (168) (1,048) (862)
Loss on sale and write downs on real estate acquired through foreclosure (9,568) (2,333) (578)
Brokerage commissions 437 413 373
Other income 1,602 1,996 1,715
Total non-interest income 474 7,304 8,519
Non-interest Expense:      
Employee compensation and benefits 16,015 15,718 15,834
Office occupancy expense and equipment 3,201 3,174 3,271
Marketing and advertising 402 715 844
Outside services and data processing 3,535 2,720 3,194
Bank franchise tax 1,320 2,060 960
FDIC insurance premiums 3,238 2,713 1,900
Goodwill impairment     11,931
Amortization of intangible assets 370 396 510
Real estate acquired through foreclosure expense 1,879 1,678 668
Loan expense 2,546 218 135
Other expense 5,731 4,727 4,670
Total non-interest expense 38,237 34,119 43,917
Income/(loss) before income taxes (26,144) (7,616) (7,858)
Income taxes/(benefits) (2,983) 1,786 (1,149)
Net income/(loss) (23,161) (9,402) (6,709)
Less:      
Dividends on preferred stock (1,000) (1,000) (980)
Accretion on preferred stock (54) (54) (52)
Net income/(loss) attributable to common shareholders $ (24,215) $ (10,456) $ (7,741)
Shares applicable to basic income per common share 4,743 4,724 4,695
Basic income/(loss) per common share $ (5.11) $ (2.21) $ (1.65)
Shares applicable to diluted income per common share 4,743 4,724 4,695
Diluted income/(loss) per common share $ (5.11) $ (2.21) $ (1.65)
Cash dividends declared per common share     $ 0.43