Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

NOTE 22 – QUARTERLY FINANCIAL DATA (UNAUDITED)

Quarterly financial information is summarized below:

In thousands of dollars, except per share data	Full Year			4th Qtr		3rd Qtr			2nd Qtr		1st Qtr
2011
Interest Income	$	36,165		$	9,079	$	8,906		$	9,091	$	9,089
Interest Expense		6,114			1,392		1,469			1,566		1,687
Net Interest Income		30,051			7,687		7,437			7,525		7,402
Provision for Loan Losses		12,150			250		6,000			3,100		2,800
Net Income (Loss)	$	917		$	2,297	$	(2,100	)	$	361	$	359
Basic and Diluted Earnings (Loss) per Share (1)	$	(0.02	)	$	0.16	$	(0.19	)	$	0.01	$	0.01

2010
Interest Income		$	39,770		$	9,567		$	9,993	$	9,962		$	10,248
Interest Expense			8,687			1,832			2,029		2,285			2,541
Net Interest Income			31,083			7,735			7,964		7,677			7,707
Provision for Loan Losses			21,530			4,930			3,150		8,650			4,800
Net Income (Loss)		$	(3,708	)	$	(427	)	$	1,027	$	(3,499	)	$	(809	)
Basic and Diluted Earnings (Loss) per Share (1)		$	(0.89	)	$	(0.11	)	$	0.14	$	(0.74	)	$	(0.21	)
(1)	As a result of rounding and a large number of shares issued in the fourth quarter of 2010, the sum of the EPS figures for the four quarters do not equal the calculation of EPS for the full year 2011 and 2010.