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Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Interest Income:    
Short term investments $ 29 $ 59
Securities 4,964 5,366
Commercial and commercial mortgage loans 28,559 30,154
Residential mortgage loans 4,148 4,625
Second and home equity loans 4,130 4,581
Other consumer loans 819 1,079
Total interest income 42,649 45,864
Interest Expense:    
Checking and savings accounts 1,434 1,908
Money market accounts 1,327 1,686
Certificates of deposit 5,476 8,625
Total interest on retail deposits 8,237 12,219
Public funds 12 10
Total interest on wholesale deposits 12 10
Total interest on deposits 8,249 12,229
FHLB advances 692 1,089
Other borrowings 9 1
Junior subordinated debt 308 311
Total interest expense 9,258 13,630
Net interest income 33,391 32,234
Provision for loan losses 19,509 7,179
Net interest income after provision for loan losses 13,882 25,055
Non Interest Income:    
Gain on sale of loans 1,975 2,107
Gain on sale of securities available for sale 2,396 768
Other than temporary impairment losses (104) (215)
Service fees on deposit accounts 6,056 6,389
Loan servicing income, net of impairment 492 473
Net loss on real estate owned (495) (288)
Trust and asset management fees 1,202 1,097
Increase in cash surrender value of life insurance 529 560
Miscellaneous 939 740
Total non interest income 12,990 11,631
Non Interest Expenses:    
Compensation and employee benefits 15,733 14,738
Occupancy and equipment 3,897 3,918
Service bureau expense 2,006 1,954
FDIC insurance expense 1,535 2,071
Marketing 1,011 804
Professional fees 771 726
Loan expenses 1,243 976
REO expenses 631 628
Communication expenses 559 620
FHLB advances prepayment fee 1,353 0
Miscellaneous 2,372 2,463
Total non interest expenses 31,111 28,898
Income (loss) before income taxes (4,239) 7,788
Income tax provision (benefit) (2,495) 2,146
Net Income (Loss) $ (1,744) $ 5,642
Basic Earnings (Loss) per Common Share $ (0.87) $ 1.32
Diluted Earnings (Loss) per Common Share $ (0.87) $ 1.32
Basic weighted average number of shares 3,364,934 3,358,079
Dilutive weighted average number of shares 3,364,934 3,358,728
Dividends per share $ 0.040 $ 0.040