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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income:        
Interest and fees on loans $ 12,652 $ 13,741 $ 25,350 $ 27,899
Interest on loans held for sale 25 244 81 417
Taxable investments 1,338 1,563 2,569 3,053
Tax-exempt investments 348 319 700 637
Federal funds sold 6 11 12 26
Interest bearing bank balances 40 28 98 79
Total interest income 14,409 15,906 28,810 32,111
Interest expense:        
Deposits 1,452 2,233 2,968 4,746
Federal funds purchased and repurchase agreements 2 5 6 11
Other borrowings 329 437 700 888
Junior subordinated debt 297 315 580 586
Total interest expense 2,080 2,990 4,254 6,231
Net interest income 12,329 12,916 24,556 25,880
Provision for loan losses 1,380 2,280 2,660 4,560
Net interest income after provision for loan losses 10,949 10,636 21,896 21,320
Noninterest income:        
Deposit account income 2,437 2,548 4,808 5,005
Mortgage banking income 619 1,806 1,910 2,373
Agency commission income 880 848 1,700 1,677
Trust and brokerage income 203 163 363 303
Bank owned life insurance income 187 182 347 369
Other income 431 491 1,315 1,141
Loss on extinguishment of debt (1,511) 0 (1,511) 0
Securities gains, net 1,378 1 1,394 592
Total investment other-than-temporary impairment losses 0 (8) 0 (8)
Portion of loss recognized in (transferred from) other comprehensive income (before taxes) (2,038) 4 (2,038) 4
Net investment impairment losses recognized (2,038) (4) (2,038) (4)
Total noninterest income 2,586 6,035 8,288 11,456
Noninterest expenses:        
Salaries and employee benefits 6,377 6,737 12,739 13,600
Net occupancy expenses 819 932 1,684 1,840
Equipment expenses 390 423 822 886
Software and processing expenses 555 346 911 708
Telecommunication expenses 212 221 429 466
Marketing and business development expenses 235 267 476 504
Foreclosed property expenses 2,051 1,282 2,639 2,738
FDIC insurance assessments 323 553 671 1,067
Intangible asset amortization 107 106 213 213
Other expenses 2,595 3,452 6,019 6,283
Total noninterest expenses 13,664 14,319 26,603 28,305
Income (loss) before income taxes (129) 2,352 3,581 4,471
Income tax expense (benefit) (351) 599 761 1,111
Net income 222 1,753 2,820 3,360
Dividends and accretion on preferred stock 507 471 1,004 934
Net income (loss) applicable to common stock (285) 1,282 1,816 2,426
Net income (loss) allocated to common shareholders $ (273) $ 1,226 $ 1,747 $ 2,365
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.03) $ 0.14 $ 0.19 $ 0.26
Diluted (in dollars per share) $ (0.03) $ 0.14 $ 0.19 $ 0.26