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Consolidated Statements of Income (Loss) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest Income:        
Loans $ 1,526 $ 1,805 $ 3,042 $ 3,781
Deposits and federal funds sold 3 5 7 8
Interest on mortgage-backed securities 259 337 462 766
Interest and dividends on investment securities 721 646 1,375 1,244
Total interest income 2,509 2,793 4,886 5,799
Interest Expense:        
Deposit accounts 257 340 535 718
Floating rate junior subordinated deferrable interest debentures 63 70 127 141
Advances from the FHLB and other borrowings 370 569 735 1,175
Total interest expense 690 979 1,397 2,034
Net Interest Income 1,819 1,814 3,489 3,765
Provision for loan losses 500 195 500 630
Net interest income after provision for loan losses 1,319 1,619 2,989 3,135
Non-Interest Income:        
Fees for financial services 652 653 1,285 1,265
Other fees, net 5 5 9 10
Net gain on sale of investments 24 286 24 525
Total non-interest income 681 944 1,318 1,800
Non-Interest Expense:        
Compensation and employee benefits 1,195 1,037 2,289 2,126
Occupancy and equipment 664 674 1,291 1,280
Deposit insurance premiums 193 211 385 394
Professional services 170 192 335 355
Advertising and public relations 9 14 17 25
OREO and loan operations 711 (65) 888 76
Items processing 64 69 127 137
Telephone 48 53 90 89
Other 237 223 476 382
Total non-interest expense 3,291 2,408 5,898 4,864
Net (loss) income before income taxes (1,291) 155 (1,591) 71
Expense for income taxes 42 12 85 12
Net (loss) income (1,333) 143 (1,676) 59
Accretion of preferred stock to redemption value and preferred dividends accrued 119 119 235 237
Net (loss) income to common shareholders $ (1,452) $ 24 $ (1,911) $ (178)
Net (loss) income per common share (basic) $ (0.81) $ 0.01 $ (1.07) $ (0.10)
Net (loss) income per common share (diluted) $ (0.81) $ 0.01 $ (1.07) $ (0.10)
Weighted average number of common shares outstanding        
Basic 1,790,599 1,790,599 1,790,599 1,790,599
Diluted 1,790,599 1,790,599 1,790,599 1,790,599