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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        
Loans $ 12,098 $ 11,750 $ 23,335 $ 22,283
Investment securities and other interest-earning assets 948 1,059 1,827 2,260
Total interest income 13,046 12,809 25,162 24,543
Interest-bearing deposits:        
Interest on transaction accounts 223 369 552 814
Interest on certificates of deposit 1,224 1,792 2,651 3,615
Total interest-bearing deposits 1,447 2,161 3,203 4,429
Other borrowings 235 235 470 523
Subordinated debentures 82 77 166 153
Total interest expense 1,764 2,473 3,839 5,105
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES 11,282 10,336 21,323 19,438
PROVISION FOR LOAN LOSSES   1,300   1,406
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 11,282 9,036 21,323 18,032
NONINTEREST INCOME        
Loan servicing fees 214 160 391 377
Deposit fees 472 635 973 1,083
Net gain (loss) from sales of loans 10 (2,547) 10 (2,461)
Net gain from sales of investment securities 174 316 174 480
Other-than-temporary impairment loss on investment securities, net (45) (154) (82) (368)
Gain on FDIC transaction 5,340   5,340 4,189
Other income 364 497 662 846
Total noninterest income (loss) 6,529 (1,093) 7,468 4,146
NONINTEREST EXPENSE        
Compensation and benefits 3,947 3,489 7,467 6,670
Premises and occupancy 981 878 1,859 1,678
Data processing and communications 817 347 1,184 648
Other real estate owned operations, net 590 167 737 430
FDIC insurance premiums 168 303 301 567
Legal and audit 552 501 1,038 893
Marketing expense 264 328 479 557
Office and postage expense 217 194 380 361
Other expense 669 648 1,401 1,410
Total noninterest expense 8,205 6,855 14,846 13,214
NET INCOME BEFORE INCOME TAXES 9,606 1,088 13,945 8,964
INCOME TAX 3,795 303 5,442 3,407
NET INCOME $ 5,811 $ 785 $ 8,503 $ 5,557
EARNINGS PER SHARE        
Basic (in dollars per share) $ 0.56 $ 0.08 $ 0.82 $ 0.55
Diluted (in dollars per share) $ 0.55 $ 0.08 $ 0.80 $ 0.52
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 10,329,934 10,084,626 10,332,935 10,067,066
Diluted (in shares) 10,669,005 10,578,928 10,647,590 10,717,257