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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
INTEREST INCOME:    
Interest and fees on loans$ 7,134$ 8,297$ 21,978$ 25,376
Interest on investments:    
Taxable interest income1,9261,2655,7773,456
Nontaxable interest income156174474529
Interest on federal funds sold and repurchase agreements223737124
Total interest income9,2389,77328,26629,485
INTEREST EXPENSE:    
Deposits9401,6403,0345,588
Subordinated debentures4515431,4201,579
Total interest expense1,3912,1834,4557,167
NET INTEREST INCOME7,8477,59023,81122,318
PROVISION FOR LOAN LOSSES4004,6002,6508,200
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES7,4472,99021,16114,118
NONINTEREST INCOME:    
Service charges on deposit accounts1,2051,4893,5434,516
Other fees and charges1,2041,1813,4833,370
Earnings on cash surrender value of life insurance policies3943651,0751,084
Gain on sale of loans, net182108957190
Gain on sale of securities, net859 849 
Loss on sale of premises and equipment(149) (153)(147)
Other317220894739
Total noninterest income4,0123,36310,6489,752
NONINTEREST EXPENSES:    
Salaries and employee benefits4,7024,22313,89412,648
Occupancy expense7327262,1242,155
Furniture and equipment expense2293368191,111
FDIC and state assessments2944381,0401,840
Other real estate owned expense8773,2412,5065,344
Other2,7632,8158,4208,572
Total noninterest expenses9,59711,77928,80331,670
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES1,862(5,426)3,006(7,800)
PROVISION FOR INCOME TAXES5422,207768717
NET INCOME (LOSS)1,320(7,633)2,238(8,517)
Preferred stock discount (18,667) (18,667)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS$ 1,320$ (26,300)$ 2,238$ (27,184)
Basic and Diluted Earnings (Loss) Per Share (in Dollars per share)$ 0.19$ (4.68)$ 0.33$ (9.47)