Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Data [Abstract]

Selected Quarterly Financial Data

NOTE 23: SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

The following table presents the unaudited results of operations for the past two years by quarter. See discussion on earnings per share in "Note 1: Nature of Operations and Summary of Significant Accounting Policies" in the Company's Consolidated Financial Statements.

					2011															2010
		Fourth			Third			Second				First			Fourth				Third			Second			First
		Quarter Quarter Quarter										Quarter			Quarter				Quarter Quarter						Quarter
									(In thousands, except per share data)
Interest income	$	6,736		$	6,837			$	6,631		$	6,651		$	7,277				$	7,653	$	7,717		$	7,656
Interest expense		2,098			2,207				2,410			2,540			2,966					3,473		3,909			4,015
Net interest income		4,638			4,630				4,221			4,111			4,311					4,180		3,808			3,641
Provision for loan losses		600			700				2,000			-			1,645					-		1,200			250
Net interest income after
provision for loan losses		4,038			3,930				2,221			4,111			2,666					4,180		2,608			3,391
Non-interest income		1,758			1,717				1,445			1,404			2,299					2,231		1,631			1,573
Realized gains on available-for
sale securities		-			-				-			-				448				342		95			-
Non-interest expense		6,882			7,672				5,882			6,188			7,047					6,141		6,226			6,353
Income (loss) before income
taxes		(1,086	)		(2,025	)			(2,216	)		(673	)		(1,634		)			612		(1,892	)		(1,389	)
Provision (benefit) for income taxes		10,136			-				(69	)		(244	)			(595	)			230		(680	)		(516	)
Net income (loss)		(11,222	)		(2,025	)			(2,147	)		(429	)		(1,039		)			382		(1,212	)		(873	)
Dividends on preferred shares		290			272				272			272				289				272		272			272
Net income (loss) available to
common shareholders	$	(11,512	)	$	(2,297	)	$	(2,419		)	$	(701	)	$	(1,328		)		$	110	$	(1,484	)	$	(1,145	)
Net Income (loss) per Share Data
Basic	$	(4.10	)	$	(0.82	)		$	(0.86	)	$	(0.25	)		$	(0.47	)		$	0.04	$	(0.54	)	$	(0.41	)
Diluted	$	(4.10	)	$	(0.82	)		$	(0.86	)	$	(0.25	)		$	(0.47	)		$	0.04	$	(0.54	)	$	(0.41	)
Balance Sheet
Total assets	$	654,452		$	677,511		$	691,580			$	693,776		$	723,101			$	755,362		$	818,275		$	844,228
Total loans, net		425,654			442,496			443,878				462,009			477,723				483,165			498,238			507,910
Stockholders' equity		40,455			51,912				54,310			56,368			57,164					58,786		58,786			59,583

The above unaudited financial information reflects all adjustments that are, in the opinion of management, necessary to present a fair statement of the results of operations for the interim periods presented.