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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Interest income    
Interest and fees on loans $ 52,289 $ 61,062
Interest on investment securities: Taxable 4,081 5,524
Interest on investment securities: Exempt from federal income tax 2,749 3,588
Total investment income 6,830 9,112
Other 377 573
Total interest income 59,496 70,747
Interest expense    
Interest on deposits 11,899 18,083
Interest on short-term borrowings 236 283
Interest on long-term borrowings 9,071 10,798
Total interest expense 21,206 29,164
Net interest income 38,290 41,583
Provision for loan losses 9,157 15,726
Net interest income after provision for loan losses 29,133 25,857
Other operating income    
Changes in fair value on impaired securities 406 (10,814)
Portion of loss recognized in other comprehensive income (before taxes) (425) 2,450
Net securities impairment losses recognized in operations (19) (8,364)
Net gains/(losses) - other 620 (6,014)
Total net gains/(losses) 601 (14,378)
Service charges 3,671 4,406
Trust department 4,413 4,096
Insurance commissions 2,424 2,712
Debit card income 2,125 1,580
Bank owned life insurance 1,030 1,019
Brokerage commissions 767 694
Other 685 849
Total other income 15,115 15,356
Total other operating income 15,716 978
Other operating expenses    
Salaries and employee benefits 20,225 21,307
FDIC premiums 2,362 4,017
Equipment 3,015 3,197
Occupancy 2,804 2,977
Data processing 2,744 2,637
Professional services 1,575 1,388
Other real estate expenses 858 589
Miscellaneous loan fees 849 528
Other 7,426 8,409
Total other operating expenses 41,858 45,049
Income/(Loss) before income taxes 2,991 (18,214)
Income tax benefit (635) (8,017)
Net Income/(Loss) 3,626 (10,197)
Accumulated preferred stock dividends and discount accretion (1,609) (1,559)
Net Income Available to/(Loss) Attributable to Common Shareholders $ 2,017 $ (11,756)
Basic net income/(loss) per common share $ 0.33 $ (1.91)
Diluted net income/(loss) per common share $ 0.33 $ (1.91)
Dividends declared per common share $ 0 $ 0.03
Weighted average number of common shares outstanding 6,177,184 6,155,645
Weighted average number of diluted shares outstanding 6,177,184 6,155,645