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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest income:        
Interest and fees on loans $ 13,697 $ 15,063 $ 41,596 $ 45,719
Interest on loans held for sale 162 53 579 121
Taxable investments 1,421 1,746 4,474 5,448
Tax-exempt investments 325 318 962 934
Federal funds sold 0 16 26 47
Interest bearing bank balances 20 43 99 141
Total interest income 15,625 17,239 47,736 52,410
Interest expense:        
Deposits 2,032 3,234 6,778 10,604
Federal funds purchased and repurchase agreements 5 8 16 30
Other borrowings 423 479 1,311 1,512
Junior subordinated debt 293 293 879 1,043
Total interest expense 2,753 4,014 8,984 13,189
Net interest income 12,872 13,225 38,752 39,221
Provision for loan losses 1,980 2,580 6,540 7,440
Net interest income after provision for loan losses 10,892 10,645 32,212 31,781
Noninterest income:        
Deposit account income 2,589 2,721 7,594 7,652
Mortgage banking income 1,357 524 3,730 1,203
Agency commission income 1,001 1,010 2,678 2,838
Trust and brokerage income 114 146 417 431
Bank owned life insurance income 154 163 523 522
Other income 444 395 1,585 1,447
Securities gains (losses), net (27) 460 565 2,150
Total investment other-than-temporary impairment losses 0 (129) (8) (367)
Portion of loss recognized in (reclassified from) other comprehensive income (before taxes) (25) (71) (21) (214)
Net investment impairment losses recognized (25) (200) (29) (581)
Total noninterest income 5,607 5,219 17,063 15,662
Noninterest expenses:        
Salaries and employee benefits 6,900 7,457 20,500 21,570
Net occupancy expenses 917 992 2,757 2,932
Equipment expenses 422 476 1,308 1,392
Software and processing expenses 354 368 1,062 1,162
Telecommunication expenses 221 224 687 678
Marketing and business development expenses 272 299 776 776
Foreclosed property expenses 1,176 1,483 3,914 5,304
FDIC insurance assessments 333 545 1,400 1,896
Intangible asset amortization 107 106 320 320
Other expenses 3,358 2,193 9,641 7,227
Total noninterest expenses 14,060 14,143 42,365 43,257
Income before income taxes 2,439 1,721 6,910 4,186
Income tax expense 645 391 1,756 800
Net income 1,794 1,330 5,154 3,386
Dividends and accretion on preferred stock 479 448 1,413 1,320
Net income applicable to common stock 1,315 882 3,741 2,066
Net income allocated to common shareholders $ 1,264 $ 878 $ 3,629 $ 2,054
Earnings per share:        
Basic $ 0.14 $ 0.10 $ 0.40 $ 0.23
Diluted $ 0.14 $ 0.10 $ 0.40 $ 0.23