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Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest and Dividend Income        
Loans, including fees $ 17,617,000 $ 20,749,000 $ 35,283,000 $ 41,965,000
Loans held-for-sale 49,000 75,000 133,000 126,000
Securities:        
Taxable 1,856,000 885,000 3,354,000 1,763,000
Tax exempt 102,000 127,000 205,000 269,000
Dividends from Federal Reserve Bank and Federal Home Loan Bank stock 77,000 74,000 151,000 143,000
Federal funds sold   1,000   1,000
Interest bearing deposits with financial institutions 35,000 69,000 60,000 139,000
Total interest and dividend income 19,736,000 21,980,000 39,186,000 44,406,000
Interest Expense        
Savings, NOW, and money market deposits 254,000 372,000 554,000 948,000
Time deposits 2,342,000 3,791,000 4,947,000 7,784,000
Securities sold under repurchase agreements 1,000   1,000  
Other short-term borrowings 1,000   4,000  
Junior subordinated debentures 1,220,000 1,133,000 2,417,000 2,246,000
Subordinated debt 224,000 206,000 461,000 409,000
Notes payable and other borrowings 4,000 4,000 8,000 8,000
Total interest expense 4,046,000 5,506,000 8,392,000 11,395,000
Net interest and dividend income 15,690,000 16,474,000 30,794,000 33,011,000
Provision for loan losses 200,000 500,000 6,284,000 4,500,000
Net interest and dividend income after provision for loan losses 15,490,000 15,974,000 24,510,000 28,511,000
Noninterest Income        
Trust income 1,463,000 1,715,000 3,114,000 3,499,000
Service charges on deposits 1,893,000 2,047,000 3,724,000 3,864,000
Secondary mortgage fees 311,000 236,000 607,000 463,000
Mortgage servicing (loss) income, net of changes in fair value (397,000) (263,000) (210,000) 107,000
Net gain on sales of mortgage loans 2,358,000 1,117,000 5,005,000 2,353,000
Securities gains, net 692,000 512,000 793,000 651,000
Increase in cash surrender value of bank-owned life insurance 326,000 434,000 821,000 897,000
Debit card interchange income 1,113,000 784,000 1,873,000 1,484,000
Lease revenue from other real estate owned 911,000 957,000 2,090,000 1,477,000
Net gain on sale of other real estate owned 355,000 402,000 378,000 636,000
Litigation related income 3,000   119,000  
Other income 1,368,000 1,456,000 2,546,000 2,907,000
Total noninterest income 10,396,000 9,397,000 20,860,000 18,338,000
Noninterest Expense        
Salaries and employee benefits 8,823,000 8,580,000 17,872,000 17,509,000
Occupancy expense, net 1,207,000 1,310,000 2,442,000 2,655,000
Furniture and equipment expense 1,183,000 1,475,000 2,338,000 2,935,000
FDIC insurance 1,029,000 1,113,000 2,029,000 2,852,000
General bank insurance 841,000 826,000 1,687,000 1,651,000
Amortization of core deposit and other intangible asset 250,000 206,000 445,000 435,000
Advertising expense 264,000 187,000 582,000 420,000
Debit card interchange expense 453,000 324,000 795,000 697,000
Legal fees 770,000 1,040,000 1,455,000 1,983,000
Other real estate expense 6,788,000 5,951,000 11,442,000 11,265,000
Other expense 3,026,000 3,346,000 5,999,000 6,554,000
Total noninterest expense 24,634,000 24,358,000 47,086,000 48,956,000
Income (Loss) before income taxes 1,252,000 1,013,000 (1,716,000) (2,107,000)
Income taxes 0 0 0 0
Net income (loss) 1,252,000 1,013,000 (1,716,000) (2,107,000)
Preferred stock dividends and accretion 1,238,000 1,175,000 2,461,000 2,334,000
Net income (loss) available to common stockholders $ 14,000 $ (162,000) $ (4,177,000) $ (4,441,000)
Basic earnings (loss) per share (in dollars per share) $ 0.00 $ (0.01) $ (0.29) $ (0.31)
Diluted earnings (loss) per share (in dollars per share) $ 0.00 $ (0.01) $ (0.29) $ (0.31)
Dividends declared per share (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00