XML 84 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest and dividend income      
Interest on loans $ 22,566 $ 25,526 $ 26,820
Interest and dividends on investments and deposits 1,557 1,639 1,718
Total interest income 24,123 27,165 28,538
Interest expense      
Interest on deposits 3,808 6,020 7,297
Interest on borrowed funds 1,577 2,232 2,982
Total interest expense 5,385 8,252 10,279
Net interest income 18,738 18,913 18,259
Provision for loan losses 17,725 4,293 3,360
Net interest income after provision for loan losses 1,013 14,620 14,899
Noninterest income      
Mortgage banking income 2,642 1,854 1,014
Fees for services related to deposit accounts 815 893 970
Fees for other services 1,014 851 661
Recovery from legal settlement 0 655 0
Income from bank owned life insurance 299 308 327
Income from investment advisory services, net 242 290 182
Net gain on investments 0 86 11
Other income 101 105 123
Other than temporary impairment on investments 0 (117) 0
Less: Portion of loss recognition in comprehensive income 0 97 0
Net impairment recognized in earnings 0 (20) 0
Total noninterest income 5,113 5,022 3,288
Noninterest expense      
Compensation, taxes and benefits 11,042 10,059 8,379
Office occupancy 2,311 2,297 2,348
FDIC insurance premiums 674 634 681
Professional fees 1,867 609 461
Computer processing 731 570 926
Directors' compensation 592 505 565
Advertising 514 417 344
Loss on foreclosed real estate, net 524 278 107
Office supplies 240 227 211
Public company expenses 98 84 87
Costs related to terminated merger 0 0 782
Other expenses 2,633 1,470 1,016
Total noninterest expense 21,226 17,150 15,907
Income (loss) before tax provision (15,100) 2,492 2,280
Income tax provision 148 850 829
Net income (loss) $ (15,248) $ 1,642 $ 1,451
Earnings (loss) per share - basic and diluted (in dollars per share) $ (2.31) $ 0.24 $ 0.21