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Condensed Consolidated Statements of Income/(Loss) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest Income:    
Interest and fees on loans$ 7,721$ 8,524$ 23,615$ 26,080
Interest on investment securities:    
Taxable investment securities8021,0692,5063,320
Nontaxable investment securities301312848925
Interest on federal funds sold and Federal Reserve Bank balances in excess of required balance4340111117
Other interest income431811
Total interest income8,8719,94827,09830,453
Interest Expense:    
Interest on deposits1,2272,1244,1386,805
Interest on securities sold under agreement to repurchase64184224654
Interest on other short-term borrowings 37 141
Total interest expense1,2912,3454,3627,600
Net interest income7,5807,60322,73622,853
Provision for loan losses2,2964,3797,47311,948
Net interest income after provision for loan losses5,2843,22415,26310,905
Noninterest income:    
Service charges on deposit accounts8308922,4422,698
Gains on sale of securities 910 1,066
Other operating income9305322,2201,804
Total noninterest income1,7602,3344,6625,568
Noninterest expenses:    
Salaries and employee benefits3,5703,39110,18910,149
Occupancy expense8208592,4752,475
Examination and professional fees237278784670
FDIC deposit insurance assessments3592971,067876
Net cost of operation of other real estate owned6243001,466416
Other operating expenses1,0578183,1452,932
Total noninterest expenses6,6675,94319,12617,518
Income/(loss) before income taxes377(385)799(1,045)
Income tax provision/(benefit)(3)(217)7(614)
Net income/(loss)$ 380$ (168)$ 792$ (431)
Per Share Data    
Net income/(loss) per weighted average shares outstanding (in dollars per share)$ 0.23$ (0.10)$ 0.48$ (0.26)
Book value per actual number of shares outstanding (in dollars per share)$ 53.64$ 51.82$ 53.64$ 51.82
Weighted average number of shares outstanding (in shares)1,664,3441,668,8541,664,5261,673,716
Actual number of shares outstanding, end of period1,661,9131,666,4491,661,9131,666,449