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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest Income        
Interest and fees on loans $ 3,845,000 $ 4,351,000 $ 7,928,000 $ 8,650,000
Interest on investment securities 663,000 707,000 1,236,000 1,339,000
Other interest income 11,000 24,000 23,000 68,000
Total interest income 4,519,000 5,082,000 9,187,000 10,057,000
Interest Expense        
Interest on money market, NOW and savings deposits 67,000 69,000 134,000 141,000
Interest on time certificates of deposit 97,000 196,000 196,000 452,000
Other interest expense 81,000 82,000 158,000 164,000
Total interest expense 245,000 347,000 488,000 757,000
Net interest income 4,274,000 4,735,000 8,699,000 9,300,000
Provision for loan and lease losses   225,000 100,000 450,000
Net interest income after provision for loan and lease losses 4,274,000 4,510,000 8,599,000 8,850,000
Non-interest income        
Service charges on deposit accounts 296,000 248,000 557,000 455,000
Gain on sale of SBA-guaranteed loans       8,000
Net gains on disposition of other loans held for sale 195,000 14,000 609,000 26,000
Loan servicing fees, net of amortization 35,000 44,000 78,000 82,000
Gain on sale or call of available-for-sale securities 21,000 526,000 174,000 527,000
Gain (loss) or (writedown) of other real estate owned (28,000) 70,000 (28,000) (288,000)
Change in fair value of warrant liability   49,000   79,000
Increase in cash surrender value of life insurance 54,000 56,000 108,000 115,000
Other income and fees 155,000 57,000 257,000 98,000
Total non-interest income 728,000 1,064,000 1,755,000 1,102,000
Non-interest expense        
Salaries and employee benefits 2,338,000 2,370,000 4,733,000 4,853,000
Occupancy expenses 399,000 467,000 818,000 922,000
Furniture and equipment 196,000 256,000 420,000 435,000
Data processing 438,000 549,000 828,000 1,341,000
Professional fees 178,000 326,000 335,000 735,000
Marketing and business development 97,000 91,000 169,000 216,000
Office supplies and expenses 149,000 182,000 301,000 392,000
Insurance and regulatory assessments 146,000 170,000 284,000 323,000
Loan and lease expenses 121,000 126,000 213,000 190,000
Other real estate expenses 2,000 103,000 9,000 149,000
Provision for unfunded loan commitments     25,000  
Amortization of core deposit intangible asset 101,000 101,000 202,000 202,000
Other expenses 228,000 308,000 454,000 500,000
Total non-interest expense 4,393,000 5,049,000 8,791,000 10,258,000
Income (loss) before income taxes 609,000 525,000 1,563,000 (306,000)
Income tax expense 20,000 3,000 39,000 3,000
Net income (loss) 589,000 522,000 1,524,000 (309,000)
Less earnings and dividends attributable to preferred stock 27,000 174,000 87,000 349,000
Net income (loss) attributable to common stock $ 562,000 $ 348,000 $ 1,437,000 $ (658,000)
Per Common Share Data:        
Net income (loss) - basic (in Dollars per share) $ 0.07 $ 0.04 $ 0.17 $ (0.08)
Net income (loss) - diluted (in Dollars per share) $ 0.07 $ 0.04 $ 0.17 $ (0.08)
Average common shares outstanding - basic (in Shares) 8,340,066 7,766,055 8,247,055 7,760,561
Average common shares outstanding - diluted (in Shares) 8,357,475 7,766,055 8,274,031 7,760,561