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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Interest and dividend income    
Loans, including fees $ 41,604 $ 44,252
Taxable securities 5,490 5,813
Tax-exempt securities 1,675 1,818
Federal funds sold and other 92 42
Total interest and dividend income 48,861 51,925
Interest expense    
Deposits 5,091 7,183
Federal Home Loan Bank advances 1,606 2,394
Subordinated debentures 770 817
Other 33 70
Total interest expense 7,500 10,464
Net interest income 41,361 41,461
Provision for loan losses 9,800 17,940
Net interest income after provision for loan losses 31,561 23,521
Noninterest income    
Computer center item processing fees 256 257
Service charges 4,550 4,556
Net gain (loss) on sale of securities (8) 212
Net gain on sale of loans 139 3
ATM fees 1,814 1,752
Trust fees 2,063 1,864
Bank owned life insurance 643 472
Impairment loss on investment securities   (575)
Other 985 940
Total noninterest income 10,442 9,481
Noninterest expense    
Salaries, wages and benefits 19,349 17,212
Net occupancy expense 2,195 2,356
Equipment expense 1,399 1,522
Contracted data processing 820 929
FDIC Assessment 1,222 1,580
State franchise tax 969 984
Professional services 1,259 1,383
Amortization of intangible assets 1,162 1,218
ATM expense 603 688
Marketing expense 640 630
Repossession expense 837 944
Loss on sale of fixed assets 46 79
Loss on sale of OREO properties 425 320
Other operating expenses 6,272 6,256
Total noninterest expense 37,198 36,101
Income (loss) before income taxes (benefit) 4,805 (3,099)
Income taxes (benefit) 847 (1,831)
Net income (loss) 3,958 (1,268)
Preferred stock dividends and discount accretion 1,176 1,176
Net income (loss) available to common shareholders $ 2,782 $ (2,444)
Earnings per common share, basic and diluted $ 0.36 $ (0.32)