Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Data (Unaudited) [Abstract]

Note 20 - Quarterly Financial Data (Unaudited)

(Table amounts in $ 000s, except per share data)

2011	Interest		Net Interest		Net			Loss per Share
	Income		Income		Loss			Basic and Diluted (1)

First quarter (2)	$	5,449	$	4,648	$	(1,102	)	$	(0.32	)
Second quarter (3)		5,296		4,668		(2,282	)		(0.60	)
Third quarter (4)		5,064		4,543		(1,686	)		(0.46	)
Fourth quarter (5)		5,070		4,638		(1,617	)		(0.44	)
Total	$	20,879	$	18,497	$	(6,687	)	$	(1.81	)

2010	Interest		Net Interest		Net			Loss per Share
	Income		Income		Loss			Basic and Diluted

First quarter (6)	$	6,276	$	4,600	$	(1,997	)	$	(0.55	)
Second quarter (7)		6,041		4,735		(574	)		(0.20	)
Third quarter (8)		6,126		5,028		(143	)		(0.10	)
Fourth quarter (9)		5,862		4,935		(3,648	)		(0.96	)
Total	$	24,305	$	19,298	$	(6,362	)	$	(1.81	)

(1)	Earnings per share for the quarters and fiscal year have been calculated separately. Accordingly, quarterly amounts may not add to the annual amounts because of rounding and differences to average shares outstanding from quarter to quarter.

(2)

During the first quarter 2011, there was a provision for loan and lease losses of $1.2 million as real estate values on properties used as collateral for the nonperforming loans declined. The Company also recognized write-downs on other real estate owned as the values of these properties decreased. The Company recognizing impairment write-downs of $163,000 on its collateralized debt obligations and equity securities carried in the Company's securities portfolio.

(3)

During the second quarter 2011, there was a provision for loan and lease losses of $2.5 million as nonperforming loans increased $11.7 million during the quarter. The Company recognized write-downs of $655,000 on its other real estate owned as real estate values declined and loan and collection expenses of $624,000 pertaining to nonperforming loans. The Company recognized gains on the sale of securities of $142,000.

(4)	During the third quarter of 2011, the Company had a provision for loan and lease losses of $2.0 million as collateral values declined. The Company recognized a write-down to its other real estate owned of $797,000. The Company recognized gains on the sale of securities of $135,000.

(5)

During the fourth quarter 2011, the Company recognized a write-down to its other real estate owned of $1.9 million as the value of these properties declined. The provision for loan and lease losses was $1.2 million as collateral values declined. The Company recognized gains on the sale of securities of $250,000.

(6)

During the first quarter 2010, there was a provision for loan and lease losses of $3.7 million as nonperforming loans increased and real estate values on properties used as collateral for the nonperforming loans declined. The Company had gains on sales of its securities of $653,000 while recognizing impairment write-downs of $228,000 in its collateralized debt obligations carried in the Company's securities portfolio.

(7)

During the second quarter 2010, the Company recognized write-downs of $1.4 million on its other real estate owned as values of these properties declined. The Company had impairment write-downs of $417,000 to collateralized debt obligations in the Company's securities portfolio and the Company's provision for loan and lease losses was $517,000.

(8)	During the third quarter of 2010, the Company recognized a write-down to its other real estate owned of $1.1 million. The Company had a provision for loan and lease losses of $338,000 and recognized losses of $426,000 on sales of other real estate owned.

(9)

During the fourth quarter 2010, the Company had gains from the sale of investment securities of $1.7 million. The provision for loan and lease losses was $5.1 million as real estate values on properties used as collateral for the nonperforming loans declined. The Company recognized a write-down to its other real estate owned of $1.3 million.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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