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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 income:    
Interest and fees on loans $ 12,151 $ 12,474
Investment in stocks 28 28
Interest bearing deposits 62 58
Total interest income 12,241 12,560
Interest expense:    
Deposits 2,086 3,130
Total interest expense 2,086 3,130
Net interest income 10,155 9,430
Provision for loan losses 2,533 2,716
Net interest income after provision for loan losses 7,622 6,714
Non-interest income:    
Gains on sales of SBA loans 450 615
Gains on sales of other real estate owned 97  
Service charges and other income 599 479
Total non-interest income 1,146 1,094
Non-interest expenses:    
Compensation and benefits 3,118 2,961
Legal and professional 288 235
Rent and occupancy 578 567
Marketing and business development 75 76
FDIC insurance 200 321
Data processing 153 147
Support services 216 194
Communications 131 129
Loan collection 228 66
Other real estate owned loss provision 125 153
Depreciation and amortization 192 231
Other 480 354
Total non-interest expenses 5,784 5,434
Income before income taxes 2,984 2,374
Income tax expense 1,169 951
Net income $ 1,815 $ 1,423
Basic and diluted earnings per share $ 1.00 $ 0.78