XML 64 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Interest Income    
Loans, including fees $ 23,184 $ 25,573
Investment securities - AFS - taxable 1,720 2,141
Federal funds sold and securities purchased under agreements to resell 0 1
Interest on deposits in FRB 224 186
Interest on deposits in other banks 23 39
Total interest income 25,151 27,940
Interest Expense    
Interest on deposits 1,791 2,620
Interest on other borrowed funds 270 344
Total interest expense 2,061 2,964
Net Interest Income Before Provision for Credit Losses 23,090 24,976
Provision for Credit Losses 1,019 13,602
Net Interest Income 22,071 11,374
Noninterest Income    
Customer service fees 3,583 3,640
Increase in cash surrender value of BOLI 564 565
(Loss) Gain on disposition of securities (195) 11
Gain (Loss) on sale of other real estate owned 278 (231)
Gain on sale of assets 4 0
Gains on sale of investment 1,807 0
(Loss) Gain on fair value option of financial liability (774) 1,863
Other 839 1,029
Total noninterest income 6,106 6,877
Noninterest Expense    
Salaries and employee benefits 9,082 9,109
Occupancy expense 3,548 3,487
Data processing 77 92
Professional fees 1,707 2,355
FDIC/DFI insurance assessments 1,409 2,082
Director fees 256 230
Amortization of intangibles 304 620
Correspondent bank service charges 313 302
Impairment loss on other investments 68 1
Impairment loss on OREO 463 3,856
Impairment loss on intangible assets 0 36
Impairment loss on goodwill 0 1,489
Impairment loss on investment securities (cumulative total other-than-temporary loss of $3.6 million and $4.5 million net of $1.3 million and $2.3 million recognized in other comprehensive loss, pre-tax) 284 912
Loss in equity of limited partnership 39 418
Expense on other real estate owned 749 3,503
Other 2,276 2,286
Total noninterest expense 20,575 30,778
Income (Loss) Before Provision for Taxes on Income 7,602 (12,527)
Provision (Benefit) for Taxes on Income 1,533 (1,715)
Net Income (Loss) 6,069 (10,812)
Other comprehensive income (loss), net of tax:    
Unrealized income (loss) on available for sale securities and unrecognized post-retirement costs - net of income tax expense (benefit) of $531 and $(208), respectively 798 (303)
Comprehensive Income (Loss) $ 6,867 $ (11,115)
Net Income (Loss) per common share    
Basic (in dollars per share) $ 0.43 $ (0.77)
Diluted (in dollars per share) $ 0.43 $ (0.77)
Weighted shares on which net income (loss) per common share were based    
Basic (in shares) 14,087,342 14,082,542
Diluted (in shares) 14,087,976 14,082,542