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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
Dec. 31, 2009
Interest and dividend income:      
Interest and fees on loans $ 25,402 $ 27,110 $ 30,520
Federal funds sold 0 0 58
Due from banks interest bearing accounts 339 380 164
Investment securities:      
Taxable 2,610 1,744 1,311
Non-taxable 430 684 1,003
Other earning assets 9 9 10
Total interest and dividend income 28,790 29,927 33,066
Interest expense:      
Time deposits $100,000 and over 687 1,183 1,651
Other deposits 1,462 2,024 2,810
Other borrowings 327 399 499
Total interest expense 2,476 3,606 4,960
Net interest income 26,314 26,321 28,106
Provision for loan losses 5,138 4,914 10,489
Net interest income after provision for loan losses 21,176 21,407 17,617
Other operating income:      
Service charges on deposit accounts 2,815 3,327 3,497
Net gain on sale of available-for-sale securities 930 663 454
Net gain on sale of loans held-for-sale 855 1,113 954
Net gain on sale of other real estate owned 241 52 4
Other income 4,541 3,999 3,644
Total other operating income 9,382 9,154 8,553
Other operating expenses:      
Salaries and employee benefits 14,923 14,847 15,379
Occupancy and equipment 3,031 3,281 3,789
Data processing 1,684 1,691 1,756
Stationery and supplies 319 296 409
Advertising 576 543 712
Directors fees 241 213 215
Other real estate owned expense and impairment 775 811 1,549
Other expense 5,213 6,207 6,259
Total other operating expenses 26,762 27,889 30,068
Income (loss) before provision (benefit) for income tax 3,796 2,672 (3,898)
Provision (benefit) for income tax 1,132 7 (2,844)
Net income (loss) 2,664 2,665 (1,054)
Preferred stock dividends and accretion (1,399) (992) (792)
Net income (loss) available to common shareholders $ 1,265 $ 1,673 $ (1,846)
Basic income (loss) per share (in dollars per share) $ 0.14 $ 0.18 $ (0.20)
Diluted income (loss) per share (in dollars per share) $ 0.14 $ 0.18 $ (0.20)