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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income        
Interest and fees on loans $ 10,336 $ 11,905 $ 21,021 $ 23,954
Interest on investment securities: Taxable 1,206 1,097 2,297 2,259
Interest on investment securities: Exempt from federal income tax 440 424 868 922
Total investment income 1,646 1,521 3,165 3,181
Other 97 75 181 134
Total interest income 12,079 13,501 24,367 27,269
Interest expense        
Interest on deposits 1,282 1,665 2,609 3,558
Interest on short-term borrowings 15 51 29 97
Interest on long-term borrowings 1,639 1,887 3,253 3,833
Total interest expense 2,936 3,603 5,891 7,488
Net interest income 9,143 9,898 18,476 19,781
Provision for loan losses 81 1,112 946 9,236
Net interest income after provision for loan losses 9,062 8,786 17,530 10,545
Other operating income        
Changes in fair value on impaired securities 691 (371) 2,353 (43)
Portion of gain recognized in other comprehensive income (before taxes) (691) 371 (2,353) 43
Net securities impairment losses recognized in operations 0 0 0 0
Net gains/losses - other 27 (23) 356 680
Total net gains/(losses) 27 (23) 356 680
Service charges 860 863 1,734 1,725
Trust department 1,187 1,154 2,383 2,269
Insurance commissions 1 2 2 8
Debit card income 508 529 984 1,021
Bank owned life insurance 250 293 499 1,264
Brokerage commissions 199 204 361 389
Other 97 44 354 396
Total other income 3,102 3,089 6,317 7,072
Total other operating income 3,129 3,066 6,673 7,752
Other operating expenses        
Salaries and employee benefits 4,796 5,047 9,640 9,936
FDIC premiums 478 512 929 977
Equipment 649 659 1,291 1,341
Occupancy 680 691 1,384 1,401
Data processing 770 765 1,499 1,445
Other 2,369 2,396 4,521 4,041
Total other operating expenses 9,742 10,070 19,264 19,141
Income/(Loss) before income tax expense 2,449 1,782 4,939 (844)
Applicable income tax expense 607 133 1,175 172
Net Income/(Loss) 1,842 1,649 3,764 (1,016)
Accumulated preferred stock dividends and discount accretion (441) (431) (878) (846)
Net Income Available to/Net (Loss) Attributable to Common Shareholders $ 1,401 $ 1,218 $ 2,886 $ (1,862)
Basic and diluted net income/(loss) per common share $ 0.23 $ 0.20 $ 0.47 $ (0.30)
Weighted average number of basic and diluted shares outstanding 6,207 6,194 6,203 6,188