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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest Income      
Interest and fees on loans $ 32,408 $ 36,411 $ 40,379
Interest on securities      
Taxable 2,731 2,136 1,896
Tax exempt 766 988 1,338
Interest on federal funds sold and balances with banks 260 235 153
Total interest income 36,165 39,770 43,766
Interest Expense      
Interest on deposits 5,096 7,353 10,402
Interest on fed funds and other short term borrowings 65 144 0
Interest on FHLB advances 953 1,190 1,849
Total interest expense 6,114 8,687 12,251
Net Interest Income 30,051 31,083 31,515
Provision for loan losses 12,150 21,530 25,770
Net Interest Income After Provision for Loan Losses 17,901 9,553 5,745
Noninterest Income      
Service charges on deposit accounts 1,971 2,191 2,731
Wealth Management fee income 5,079 4,518 4,070
Gains (losses) on securities transactions 0 31 (24)
Income from loan sales and servicing 6,434 6,351 6,689
ATM, debit and credit card fee income 2,176 1,940 2,174
Other income 1,551 1,267 1,259
Total noninterest income 17,211 16,298 16,899
Noninterest Expense      
Salaries and employee benefits 18,971 17,217 17,904
Occupancy and equipment expense, net 5,015 5,207 5,255
External data processing 1,342 1,206 1,590
Advertising and marketing 625 610 605
Attorney, accounting and other professional fees 1,678 1,561 1,183
Expenses relating to ORE property 2,019 1,698 1,797
FDIC insurance premiums 1,315 1,806 1,954
Goodwill impairment 0 0 3,469
Other expenses 3,653 3,192 3,359
Total noninterest expense 34,618 32,497 37,116
Income (Loss) Before Federal Income Tax 494 (6,646) (14,472)
Federal income tax (423) (2,938) (5,639)
Net Income (Loss) 917 (3,708) (8,833)
Preferred stock dividends and accretion (1,136) (1,130) (1,078)
Loss Available to Common Shareholders $ (219) $ (4,838) $ (9,911)
Basic and diluted loss per share (in dollars per share) $ (0.02) $ (0.89) $ (1.93)
Cash dividends declared per share of common stock (in dollars per share) $ 0.00 $ 0.00 $ 0.02