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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest and dividend income        
Loans $ 5,106 $ 6,303 $ 10,434 $ 12,759
Taxable securities 540 683 1,050 1,405
Tax-exempt securities 87 182 180 381
Federal funds sold and other 37 28 57 46
Total interest income 5,770 7,196 11,721 14,591
Interest expense        
Deposits 697 1,142 1,399 2,352
Borrowings 585 692 1,222 1,383
Total interest expense 1,282 1,834 2,621 3,735
Net interest income 4,488 5,362 9,100 10,856
Provision for loan losses 2,536 3,386 3,211 5,347
Net interest income after provision for loan losses 1,952 1,976 5,889 5,509
Noninterest income        
Service charges on deposit accounts 647 658 1,210 1,263
Trust department income 206 268 465 493
Net gain (loss) on sales of securities   80   80
Net gain (loss) on sale of assets (14) (12) 97 86
Gains on sale of loans 19 78 38 107
Treasury management fees 101 114 214 244
Data processing servicing fees 286 168 426 300
Earnings on bank owned life insurance 249 243 416 410
Total other-than-temporary impairment losses     (75) (80)
Portion of loss recognized in (reclassified from) other comprehensive loss (before taxes)     (17) (950)
Net impairment losses recognized in income     (92) (1,030)
Other 251 196 473 276
Total noninterest income 1,745 1,793 3,247 2,229
Noninterest expense        
Salaries and other employee benefits 2,767 2,599 5,172 5,223
Occupancy and equipment 920 1,015 1,946 2,045
Professional services 355 396 761 703
Advertising 91 99 177 173
Postage, freight and courier 63 122 158 209
Supplies 49 29 87 59
State franchise taxes 125 152 250 304
Federal deposit insurance premiums 482 396 889 792
Other 969 929 1,811 1,717
Total noninterest expense 5,821 5,737 11,251 11,225
Net loss before income tax credits (2,124) (1,968) (2,115) (3,487)
Income tax (credits) expense (268) 60 (292) (571)
Net loss $ (1,856) $ (2,028) $ (1,823) $ (2,916)
Basic and diluted loss per common share $ (0.50) $ (0.55) $ (0.49) $ (0.78)
Dividends per share