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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income      
Loans (including fee income) $ 18,497 $ 21,051 $ 24,409
Securities Taxable 2,174 3,011 4,541
Securities exempt from federal income tax 141 200 357
Federal funds sold and other 67 43 31
Total interest income 20,879 24,305 29,338
Interest expense      
Time deposits 1,741 3,770 7,739
Other deposits 334 584 1,348
Repurchase agreements and federal funds purchased 73 264 593
Federal Home Loan Bank advances 0 8 52
Subordinated debentures 234 381 455
Total interest expense 2,382 5,007 10,187
Net interest income 18,497 19,298 19,151
Provision for loan and lease losses 6,900 9,668 22,778
Net interest income after provision for loan and lease losses 11,597 9,630 (3,627)
Noninterest income      
Service fees on deposits 1,705 2,071 2,395
Trust income 705 794 760
Net gain (loss) on sale of other real estate owned 17 (236) (1,432)
Gain on sale of securities 527 2,390 3,908
Other than temporary impairment of securities (143) (676) (3,794)
Noncredit portion of other than temporary impairment of securities (20) 17 742
Other operating income 1,318 1,297 1,205
Total noninterest income 4,109 5,657 3,784
Noninterest expense      
Salaries and employee benefits 6,976 7,036 7,739
Occupancy and equipment, net 2,401 2,386 2,330
Data processing 1,917 1,951 1,847
Legal 791 861 1,278
FDIC insurance 1,194 1,473 1,376
Audit and other professional 1,028 1,253 883
Amortization of core deposit intangible asset 0 462 464
Prinitng and supplies expense 281 263 346
Write-down of goodwill 0 0 9,522
Net write-down of other real estate owned 4,018 3,791 1,722
Other real estate owned expense 1,288 609 507
Loan and collection 818 237 218
Other operating expenses 1,681 1,327 1,921
Total noninterest expense 22,393 21,649 30,153
Loss before income taxes (6,687) (6,362) (29,996)
Income tax expense 0 0 5,562
Net loss (6,687) (6,362) (35,558)
Dividends to preferred stockholders 938 893 743
Accretion of discount on preferred stock 136 127 111
Net loss available to common stockholders $ (7,761) $ (7,382) $ (36,412)
Basic loss per share (in dollars per share) $ (1.81) $ (1.81) $ (8.94)
Diluted loss per share (in dollars per share) $ (1.81) $ (1.81) $ (8.94)