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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income      
Loans (including fee income) $ 14,964,000 $ 18,497,000 $ 21,051,000
Securities      
Taxable 1,961,000 2,174,000 3,011,000
Exempt from federal income tax 116,000 141,000 200,000
Federal funds sold and other 99,000 67,000 43,000
Total interest income 17,140,000 20,879,000 24,305,000
Interest expense      
Time deposits 624,000 1,741,000 3,770,000
Other deposits 166,000 334,000 584,000
Repurchase agreements and federal funds purchased 10,000 73,000 264,000
Federal Home Loan Bank advances 0 0 8,000
Subordinated debentures 256,000 234,000 381,000
Total interest expense 1,056,000 2,382,000 5,007,000
Net interest income 16,084,000 18,497,000 19,298,000
Provision for loan and lease losses 11,100,000 6,900,000 9,668,000
Net interest income after provision for loan and lease losses 4,984,000 11,597,000 9,630,000
Noninterest income      
Service fees on deposits 1,647,000 1,705,000 2,071,000
Trust income 472,000 705,000 794,000
Net loss (gain) on sale of other real estate owned (247,000) 17,000 (236,000)
Gain on sale of securities 0 527,000 2,390,000
Other than temporary impairment of securities 0 (143,000) (676,000)
Noncredit portion of other than temporary impairment of securities 0 (20,000) 17,000
Other operating income 1,618,000 1,318,000 1,297,000
Total noninterest income 3,490,000 4,109,000 5,657,000
Noninterest expense      
Salaries and employee benefits 6,340,000 6,976,000 7,036,000
Occupancy and equipment, net 2,119,000 2,401,000 2,386,000
Data processing 2,119,000 1,917,000 1,951,000
Legal 666,000 791,000 861,000
FDIC insurance 943,000 1,194,000 1,473,000
Audit and other professional 1,038,000 1,028,000 1,253,000
Amortization of core deposit intangible asset 0 0 462,000
Printing and supplies expense 229,000 281,000 263,000
Write-down of other real estate owned 4,867,000 4,018,000 3,791,000
Other real estate owned expense 354,000 1,288,000 609,000
Loan and collection 641,000 818,000 237,000
Other operating expenses 1,738,000 1,681,000 1,327,000
Total noninterest expense 21,054,000 22,393,000 21,649,000
Loss before income taxes (12,580,000) (6,687,000) (6,362,000)
Income tax expense 0 0 0
Net loss (12,580,000) (6,687,000) (6,362,000)
Dividends to preferred stockholders 988,000 938,000 893,000
Accretion of discount on preferred stock 143,000 136,000 127,000
Net loss available to common stockholders $ (13,711,000) $ (7,761,000) $ (7,382,000)
Basic loss per share (in dollars per share) $ (3.21) $ (1.81) $ (1.81)
Diluted loss per share (in dollars per share) $ (3.21) $ (1.81) $ (1.81)