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Consolidated Statements of Operations and Comprehensive Income (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income:        
Loans, including fees $ 5,670 $ 6,378 $ 17,678 $ 19,235
Investment securities - AFS - taxable 397 507 1,375 1,644
Interest on deposits in FRB 62 43 157 137
Interest on deposits in other banks 2 9 22 29
Total interest income 6,131 6,937 19,232 21,045
Interest Expense:        
Interest on deposits 441 615 1,356 2,051
Interest on other borrowings 68 82 207 250
Total interest expense 509 697 1,563 2,301
Net Interest Income Before Provision for Credit Losses 5,622 6,240 17,669 18,744
Provision for Credit Losses 4 2,446 1,010 12,497
Net Interest Income 5,618 3,794 16,659 6,247
Noninterest Income:        
Customer service fees 902 956 2,700 2,717
Increase in cash surrender value of bank-owned life insurance 147 143 427 424
Gain (Loss) on sale of other real estate owned 49 (85) 386 (129)
(Loss) Gain on fair value of financial liability (171) 1,923 (284) 1,778
Gain (Loss) on sale of securities (10) 11 (10) 11
Gain on sale of other investment 0 0 1,807 0
Other 218 342 599 791
Total noninterest income 1,135 3,290 5,625 5,592
Noninterest Expense:        
Salaries and employee benefits 2,078 2,263 6,676 6,804
Occupancy expense 1,004 864 2,608 2,666
Data processing 15 14 53 57
Professional fees 408 642 1,092 2,061
Regulatory assessments 275 366 1,058 1,354
Director fees 61 57 196 173
Amortization of intangibles 79 151 248 471
Correspondent bank service charges 75 73 235 227
Impairment loss on core deposit intangible 0 0 0 36
Impairment loss on goodwill 0 0 0 1,489
Impairment loss on investment securities (cumulative total other-than-temporary loss of $3.6 million, net of $1.3 million recognized in other comprehensive loss, pre-tax) 113 308 284 308
Impairment loss on OREO 0 885 0 2,007
Loss on California tax credit partnership 23 104 207 313
OREO expense (42) 1,783 624 2,734
Other 520 633 1,722 1,740
Total noninterest expense 4,609 8,143 15,003 22,440
Income (Loss) Before Provision for Taxes 2,144 (1,059) 7,281 (10,601)
Provision (Benefit) for Taxes on Income 778 401 2,690 (3,148)
Net Income (Loss) 1,366 (1,460) 4,591 (7,453)
Other comprehensive income (loss), net of tax:        
Unrealized gain (loss) on available for sale securities, and past service costs of employee benefit plans - net of income tax expense (benefit) of $324, $14, $597 and $(292) 487 20 897 (438)
Comprehensive Income (Loss) $ 1,853 $ (1,440) $ 5,488 $ (7,891)
Net (Loss) Income per Common Share [Abstract]        
Basic (in dollars per share) $ 0.10 $ (0.1) $ 0.33 $ (0.53)
Diluted (in dollars per share) $ 0.10 $ (0.1) $ 0.33 $ (0.53)
Shares on which net income per common shares were based        
Basic (in shares) 13,941,817 13,941,817 13,941,817 13,941,817
Diluted (in shares) 13,941,817 13,941,817 13,941,817 13,941,817