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Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest Income:        
Short term investments $ 32 $ 14 $ 37 $ 19
Securities 923 1,481 1,909 2,790
Commercial and commercial mortgage loans 6,382 7,264 13,172 14,889
Residential mortgage loans 942 1,041 1,945 2,098
Second and home equity loans 913 1,050 1,860 2,122
Other consumer loans 157 208 326 427
Total interest income 9,349 11,058 19,249 22,345
Interest Expense:        
Checking and savings accounts 278 437 576 833
Money market accounts 250 362 495 715
Certificates of deposit 908 1,454 1,938 3,034
Total interest on retail deposits 1,436 2,253 3,009 4,582
Public funds 0 4 1 11
Total interest on wholesale deposits 0 4 1 11
Total interest on deposits 1,436 2,257 3,010 4,593
FHLB advances 0 261 2 521
Other borrowings 0 1 37 4
Junior subordinated debt 83 76 168 152
Total interest expense 1,519 2,595 3,217 5,270
Net interest income 7,830 8,463 16,032 17,075
Provision for loan losses 8,273 2,689 16,012 4,247
Net interest income after provision for loan losses (443) 5,774 20 12,828
Non Interest Income:        
Gain on sale of loans 446 350 1,045 746
Gain on securities 0 10 0 194
Other than temporary impairment losses 0 (7) 0 (7)
Service fees on deposit accounts 1,509 1,543 2,925 2,911
Loan servicing income, net of impairment 109 135 216 246
Net gain\(loss) on real estate owned 15 (24) 23 (411)
Trust and asset management fees 340 306 673 598
Increase in cash surrender value of life insurance 123 132 249 264
Miscellaneous 294 251 573 496
Total non-interest income 2,836 2,696 5,704 5,037
Non Interest Expenses:        
Compensation and employee benefits 3,715 3,865 7,740 7,892
Occupancy and equipment 1,008 958 1,974 1,980
Service bureau expense 664 499 1,206 984
FDIC premium 303 330 618 876
Marketing 127 265 270 486
Professional fees 191 208 377 404
Loan expenses 263 306 448 521
Real estate owned expenses 113 172 185 295
Communication expenses 116 154 239 282
Merger expenses 219 0 721 0
Miscellaneous 558 593 1,147 1,199
Total non interest expenses 7,277 7,350 14,925 14,919
Income (loss) before income taxes (4,884) 1,120 (9,201) 2,946
Income tax provision (credit) (2,014) 275 (3,689) 765
Net Income (Loss) $ (2,870) $ 845 $ (5,512) $ 2,181
Basic earnings (loss) per common share $ (0.94) $ 0.16 $ (1.80) $ 0.47
Diluted earnings (loss) per common share $ (0.94) $ 0.16 $ (1.80) $ 0.47
Basic weighted average number of common shares 3,383,379 3,364,079 3,383,379 3,364,079
Dilutive weighted average number of common shares 3,383,379 3,367,966 3,383,379 3,367,535
Dividends per common share $ 0.010 $ 0.010 $ 0.020 $ 0.020