Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

Quarterly Financial Data (unaudited)

The following represents summarized unaudited quarterly financial data of the Company which, in the opinion of management, reflects adjustments (comprising only normal recurring accruals) necessary for fair presentation, note that certain balances may not cross foot due to rounding:

	Three Months Ended
(in thousands, except per share amounts)	December 31		September 30			June 30			March 31
2011
Interest income	$	24,726	$	24,415		$	24,659		$	23,895
Interest expense	3,336		3,640			3,842			3,878
Net interest income	21,390		20,775			20,817			20,017
Provision for loan losses	3,350		13,750			1,700			1,792
Net gains on sales of securities	—		7			309			34
Provision (benefit) for federal income taxes	888		(3,334		)	660			342
Net income (loss)	2,483		(5,718		)	1,992			1,532
Net income (loss) per share:
Basic	$	0.18	$	(0.41	)	$	0.14		$	0.11
Diluted	0.18		(0.41		)	0.14			0.11
2010
Interest income	$	24,508	$	24,248		$	24,396		$	24,095
Interest expense	4,062		4,261			4,412			4,662
Net interest income	20,446		19,987			19,984			19,433
Provision for loan losses	2,600		13,400			2,600			2,400
Net gains on sales of securities	1,765		117			298			621
Provision (benefit) for federal income taxes	376		(3,772		)	(238		)	(902		)
Net income (loss)	1,457		(6,160		)	360			6
Net income (loss) per share:
Basic	$	0.10	$	(0.46	)	$	0.02		$	—
Diluted	0.10		(0.46		)	0.02			—