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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 income:      
Loans, including fees $ 46,640 $ 53,215 $ 59,309
Securities:      
Taxable securities 4,193 4,330 3,937
Tax-exempt securities 2,252 3,057 3,963
Federal funds sold and other short-term investments 234 541 521
Total interest income 53,319 61,143 67,730
Interest expense:      
Demand deposits 1,704 2,165 2,481
Savings deposits 1,153 4,003 4,157
Time deposits 4,084 7,049 12,910
Federal funds purchased and securities sold under agreements to repurchase 174 210 320
Subordinated notes 715 1,280 1,472
Long-term borrowings 4,087 4,316 5,296
Total interest expense 11,917 19,023 26,636
Net interest income 41,402 42,120 41,094
Provision for loan losses 550 6,050 24,500
Net interest income after provision for loan losses 40,852 36,070 16,594
Noninterest income:      
Service charges on deposit accounts 3,244 3,361 4,021
Debit card usage fees 1,453 1,329 1,123
Service fee from SmartyPig, LLC 0 1,314 0
Trust services 792 818 786
Gains and fees on sales of residential mortgages 1,454 1,533 1,114
Increase in cash value of bank-owned life insurance 884 869 776
Gain from bank-owned life insurance 637 422 840
Other income 996 1,006 972
Total noninterest income 9,460 10,652 9,632
Investment securities gains (losses), net:      
Total other than temporary impairment losses (99) (305) (3,444)
Portion of loss recognized in other comprehensive income (loss) before taxes 0 0 832
Net impairment losses recognized in earnings (99) (305) (2,612)
Realized securities gains, net 0 40 1,884
Investment securities (losses), net (99) (265) (728)
Noninterest expense:      
Salaries and employee benefits 13,194 10,996 9,938
Occupancy 3,342 3,207 3,451
Data processing 1,921 1,815 1,761
FDIC insurance expense 1,298 3,082 2,736
Other real estate owned expense 2,883 1,716 368
Professional fees 878 959 964
Miscellaneous losses 455 1,330 70
Goodwill impairment 0 0 13,376
Other expenses 4,902 4,639 5,241
Total noninterest expense 28,873 27,744 37,905
Income (loss) before income taxes 21,340 18,713 (12,407)
Income taxes (benefits) 6,072 5,330 (7,356)
Income (loss) from continuing operations 15,268 13,383 (5,051)
Discontinued operations:      
Loss from discontinued operations before income taxes 0 0 (10,262)
Income tax benefits 0 0 (696)
Loss from discontinued operations 0 0 (9,566)
Net income (loss) 15,268 13,383 (14,617)
Preferred stock dividends and accretion of discount (2,387) (2,284) (2,276)
Net income (loss) available to common stockholders $ 12,881 $ 11,099 $ (16,893)
Earnings (loss) per common share:      
Basic and diluted earnings (loss) per common share from continuing operations $ 0.74 $ 0.64 $ (0.42)
Basic and diluted (loss) per common share from discontinued operations $ 0.00 $ 0.00 $ (0.55)
Basic and diluted earnings (loss) per common share $ 0.74 $ 0.64 $ (0.97)