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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Condensed Consolidated Statements of Income [Abstract]        
Interest and fees on loans $ 14,707 $ 15,476 $ 29,481 $ 31,689
Interest and dividends on securities 3,332 4,613 7,691 8,336
Interest on interest bearing deposits and other investments 267 198 484 431
TOTAL INTEREST INCOME 18,306 20,287 37,656 40,456
Interest on deposits 1,551 2,950 3,500 5,890
Interest on borrowed money 748 796 1,507 1,569
TOTAL INTEREST EXPENSE 2,299 3,746 5,007 7,459
NET INTEREST INCOME 16,007 16,541 32,649 32,997
Provision for loan losses 6,455 902 8,760 1,542
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 9,552 15,639 23,889 31,455
Noninterest income        
Other income 5,219 4,547 10,156 8,756
Securities gains, net 3,615 0 6,989 0
TOTAL NONINTEREST INCOME 8,834 4,547 17,145 8,756
TOTAL NONINTEREST EXPENSES 20,721 19,073 42,431 38,740
INCOME BEFORE INCOME TAXES (2,335) 1,113 (1,397) 1,471
Provision for income taxes 0 0 0 0
NET INCOME (2,335) 1,113 (1,397) 1,471
Preferred stock dividends and accretion of preferred stock discount 937 937 1,874 1,874
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ (3,272) $ 176 $ (3,271) $ (403)
PER SHARE COMMON STOCK:        
Net income (loss) diluted $ (0.03) $ 0.00 $ (0.03) $ 0.00
Net income (loss) basic $ (0.03) $ 0.00 $ (0.03) $ 0.00
Cash dividends declared $ 0.00 $ 0.00 $ 0.00 $ 0.00
Average shares outstanding - diluted 94,452,317 93,492,169 94,423,611 93,475,523
Average shares outstanding - basic 93,667,231 93,492,169 93,642,680 93,475,523