XML 36 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statement Of Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income      
Loans $ 34,201 $ 41,750 $ 53,223
Securities      
Taxable 4,103 5,958 8,696
Exempt from federal income taxes 699 1,024 1,246
Federal funds sold and other 158 112 80
Total interest income 39,161 48,844 63,245
Interest expense      
Deposits 8,244 14,569 20,554
Federal funds purchased and securities sold under agreements to repurchase 44 45 148
Federal Home Loan Bank advances 1,452 2,265 2,296
Series B mandatory redeemable preferred stock 16 16 16
Subordinated debentures 1,107 1,050 1,074
Notes payable 362 371 474
Total interest expense 11,225 18,316 24,562
Net interest income 27,936 30,528 38,683
Provision for loan losses 11,375 34,600 52,049
Net interest income (loss) after provision for loan losses 16,561 (4,072) (13,366)
Noninterest income      
Service charges 4,599 5,264 6,421
Mortgage banking income 1,321 1,807 2,303
Electronic banking services 2,172 2,057 1,923
Bank-owned life insurance 1,009 1,038 1,048
Securities gains, net 1,157 2,701 251
Total other-than-temporary impairment losses (499) (5,452) (15,814)
Portion of loss recognized in other comprehensive income (before taxes)   431 3,208
Net impairment on securities (499) (5,021) (12,606)
Gain on sale of OREO 25 333 178
Gain on sale of other assets 1,332 1,695 128
Other income 819 944 1,065
Noninterest Income, Total 11,935 10,818 711
Noninterest expenses      
Salaries and employee benefits 14,127 14,549 16,195
Occupancy, net 2,859 3,200 3,364
Furniture and equipment 1,674 2,152 2,303
Marketing 266 350 783
Supplies and printing 289 399 458
Telephone 910 782 838
Data processing 1,528 1,567 1,510
FDIC insurance 2,524 3,372 2,780
Loan processing and collection costs 2,134 2,434 1,550
Goodwill impairment   15,880 8,451
OREO valuation adjustment 6,835 4,092 1,022
Amortization of intangible assets 1,029 1,258 1,537
Other expenses 6,259 5,854 5,867
Noninterest Expense, Total 40,434 55,889 46,658
Income (loss) before income taxes (11,938) (49,143) (59,313)
Income tax expense (benefit) (1,366) 16,660 (21,234)
Net income (loss) (10,572) (65,803) (38,079)
Preferred stock dividends 2,012 1,924 1,810
Net income (loss) for common stockholders $ (12,584) $ (67,727) $ (39,889)
Basic earnings (loss) per common share for common stockholders $ (2.08) $ (11.20) $ (6.61)
Diluted earnings (loss) per common share for common stockholders $ (2.08) $ (11.20) $ (6.61)
Dividends per common share for common stockholders     $ 0.08