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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income:        
Interest and fees on loans $ 13,741 $ 15,281 $ 27,899 $ 30,656
Interest on loans held for sale 244 27 417 68
Taxable investments 1,563 1,931 3,053 3,702
Tax-exempt investments 319 302 637 616
Federal funds sold 11 15 26 31
Interest bearing bank balances 28 46 79 98
Total interest income 15,906 17,602 32,111 35,171
Interest expense:        
Deposits 2,233 3,523 4,746 7,370
Federal funds purchased and repurchase agreements 5 7 11 22
Other borrowings 437 509 888 1,033
Junior subordinated debt 315 292 586 750
Total interest expense 2,990 4,331 6,231 9,175
Net interest income 12,916 13,271 25,880 25,996
Provision for loan losses 2,280 2,280 4,560 4,860
Net interest income after provision for loan losses 10,636 10,991 21,320 21,136
Noninterest income:        
Deposit account income 2,548 2,473 5,005 4,931
Mortgage banking income 1,806 323 2,373 679
Agency commission income 848 936 1,677 1,828
Trust and brokerage income 163 152 303 285
Bank owned life insurance income 182 176 369 359
Other income 491 396 1,141 1,052
Securities gains, net 1 341 592 1,690
Total investment other-than-temporary impairment losses (8) 2 (8) (239)
Portion of loss recognized in (reclassified from) other comprehensive income (before taxes) 4 (87) 4 (142)
Net investment impairment losses recognized (4) (85) (4) (381)
Total noninterest income 6,035 4,712 11,456 10,443
Noninterest expenses:        
Salaries and employee benefits 6,737 7,157 13,600 14,113
Net occupancy expenses 932 951 1,840 1,940
Equipment expenses 423 451 886 916
Software and processing expenses 346 395 708 794
Telecommunication expenses 221 229 466 454
Marketing and business development expenses 267 272 504 477
Foreclosed property expenses 1,282 1,468 2,738 3,821
FDIC insurance assessments 553 577 1,067 1,351
Intangible asset amortization 106 107 213 214
Other expenses 3,452 2,696 6,283 5,034
Total noninterest expenses 14,319 14,303 28,305 29,114
Income before income taxes 2,352 1,400 4,471 2,465
Income tax expense 599 294 1,111 409
Net income 1,753 1,106 3,360 2,056
Dividends and accretion on preferred stock 471 440 934 872
Net income applicable to common stock 1,282 666 2,426 1,184
Net income allocated to common shareholders $ 1,226 $ 661 $ 2,365 $ 1,176
Earnings per share:        
Basic $ 0.14 $ 0.07 $ 0.26 $ 0.13
Diluted $ 0.14 $ 0.07 $ 0.26 $ 0.13