EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

The reconciliation of the numerators and denominators of the basic and diluted EPS is as follows:

	Three Months Ended						Six Months Ended
(Amounts in thousands,	June 30,						June 30,
except per share data)	2012			2011			2012			2011
Basic:
Net income/(loss)	$	(4,139	)	$	(11,904	)	$	(4,429	)	$	(13,974	)
Less:
Preferred stock dividends		(250	)		(250	)		(500	)		(500	)
Accretion on preferred stock discount		(13	)		(13	)		(27	)		(27	)
Net income (loss) available to common shareholders	$	(4,402	)	$	(12,167	)	$	(4,956	)	$	(14,501	)
Weighted average common shares		4,767			4,740			4,764			4,738
Diluted:
Weighted average common shares		4,767			4,740			4,764			4,738
Dilutive effect of stock options and warrants		-			-			-			-
Weighted average common and incremental shares		4,767			4,740			4,764			4,738
Earnings (Loss) Per Common Share:
Basic	$	(0.92	)	$	(2.57	)	$	(1.04	)	$	(3.06	)
Diluted	$	(0.92	)	$	(2.57	)	$	(1.04	)	$	(3.06	)