XML 12 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Unaudited Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest and fees on loans $ 15,701 $ 17,977 $ 31,881 $ 35,719
Interest on investment securities:        
Taxable 3,906 4,683 7,276 9,382
Nontaxable 461 750 994 1,607
Interest on deposits in other banks 64 63 147 145
Interest of federal funds sold and securities purchased under agreements to resell 1 2 3 4
Total interest income 20,133 23,475 40,301 46,857
Interest on deposits 3,772 5,995 7,719 12,697
Interest on federal funds purchased and other short-term borrowings 49 81 111 173
Interest on securities sold under agreements to repurchase and other long-term borrowings 1,984 2,616 3,982 5,253
Interest on subordinated notes payable to unconsolidated trusts 506 506 1,011 1,007
Total interest expense 6,311 9,198 12,823 19,130
Net interest income 13,822 14,277 27,478 27,727
Provision for loan losses 4,528 5,490 6,969 7,416
Net interest income after provision for loan losses 9,294 8,787 20,509 20,311
Service charges and fees on deposits 2,177 2,392 4,230 4,536
Allotment processing fees 1,356 1,421 2,685 2,789
Other service charges, commissions, and fees 1,062 1,219 2,091 2,340
Data processing income 271 380 535 727
Trust income 659 401 1,086 829
Investment securities gains, net 413 3,367 823 4,979
Gains on sale of mortgage loans, net 151 222 292 343
Income from company-owned life insurance 241 260 476 553
Other 10 207 15 263
Total noninterest income 6,340 9,869 12,233 17,359
Salaries and employee benefits 6,870 6,762 13,635 13,858
Occupancy expenses, net 1,210 1,188 2,442 2,467
Equipment expenses 567 651 1,177 1,312
Data processing and communication expenses 1,199 1,425 2,427 2,868
Bank franchise tax 662 627 1,293 1,244
Deposit insurance expense 722 1,095 1,611 2,201
Correspondent bank fees 118 219 239 412
Amortization of intangibles 286 360 572 719
Other real estate expenses, net 1,935 992 2,615 2,664
Other 1,938 1,886 4,778 3,957
Total noninterest expense 15,507 15,205 30,789 31,702
Income before income taxes 127 3,451 1,953 5,968
Income tax (benefit) expense (42) 610 739 1,182
Net income 169 2,841 1,214 4,786
Dividends and accretion on preferred shares (473) (466) (945) (932)
Net (loss) income available to common shareholders $ (304) $ 2,375 $ 269 $ 3,854
Net (loss) income per common share, basic and diluted (in Dollars per share) $ (0.04) $ 0.32 $ 0.04 $ 0.52
Weighted average common shares outstanding, basic and diluted (in Shares) 7,420 7,384 7,416 7,382