XML 50 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2011
Selected Quarterly Financial Data (Unaudited) [Abstract]  
Selected Quarterly Financial Data (Unaudited)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)                 

The following table presents unaudited, summarized quarterly data for the years ended December 31, 2011 and 2010:    
 
 Three Months Ended
2011
 December 31
 
September 30
 
June 30
 
March 31
 
 (Amounts in thousands)
Interest income
$
20,972

 
$
21,563

 
$
23,122

 
$
23,578

Interest expense
5,344

 
5,930

 
6,811

 
7,888

Net interest income
15,628

 
15,633

 
16,311

 
15,690

Provision for loan losses
3,627

 
1,956

 
10,393

 
4,867

Net interest income after provision for loan losses
12,001

 
13,677

 
5,918

 
10,823

 


 


 


 


Other income
4,660

 
5,349

 
3,356

 
4,791

Other expense
13,947

 
12,963

 
24,457

 
16,909

Income (loss) before income taxes (benefit)
2,714

 
6,063

 
(15,183
)
 
(1,295
)
Income taxes (benefit)
(211
)
 
2,384

 
5,030

 
(509
)
Net income(loss)
2,925

 
3,679

 
(20,213
)
 
(786
)
Preferred stock dividend and accretion of preferred stock discount
771

 
771

 
674

 
771

Net income (loss) to common shareholders
$
2,154

 
$
2,908

 
$
(20,887
)
 
$
(1,557
)
Net income (loss) per common share- basic
$
0.11

 
$
0.15

 
$
(1.16
)
 
$
(0.10
)
Net income (loss) per common share- diluted
$
0.11

 
$
0.15

 
$
(1.16
)
 
$
(0.10
)
2010
 
 
 
 
 
 
 
Interest income
$
24,836

 
$
25,129

 
$
24,247

 
$
24,790

Interest expense
8,880

 
8,820

 
8,650

 
7,983

Net interest income
15,956

 
16,309

 
15,597

 
16,807

Provision for loan losses
6,277

 
7,879

 
5,809

 
4,384

Net interest income after provision for loan losses
9,679

 
8,430

 
9,788

 
12,423

 
 
 
 
 
 
 
 
Other income
7,332

 
5,572

 
5,454

 
3,780

Other expense
16,975

 
17,372

 
14,980

 
14,532

Income (loss) before income taxes (benefit)
36

 
(3,370
)
 
262

 
1,671

Income taxes (benefit)
(824
)
 
(1,299
)
 
(23
)
 
757

Net income(loss)
860

 
(2,071
)
 
285

 
914

Preferred stock dividend and accretion of preferred stock discount
868

 
771

 
771

 
771

Net income (loss) to common shareholders
$
(8
)
 
$
(2,842
)
 
$
(486
)
 
$
143

Net income (loss) per common share- basic
$

 
$
(0.18
)
 
$
(0.03
)
 
$
0.01

Net income (loss) per common share- diluted
$

 
$
(0.18
)
 
$
(0.03
)
 
$
0.01