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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Revenue:        
Loans and Leases $ 13,780 $ 16,855 $ 44,335 $ 50,780
Securities Available for Sale:        
Taxable 2,390 3,294 7,890 10,202
Non-Taxable 12 19 41 73
Other 52 45 151 160
Total Interest Revenue 16,234 20,213 52,417 61,215
Interest Expense:        
Deposits 2,224 3,729 7,493 12,307
Short-Term Borrowings 421 277 1,090 791
FHLB Advances and Long-Term Debt 343 400 1,163 1,378
Total Interest Expense 2,988 4,406 9,746 14,476
Net Interest Revenue 13,246 15,807 42,671 46,739
Provision for Loan and Lease Losses 9,500 6,000 26,800 14,500
Net Interest Revenue after Provision for Loan and Lease Losses 3,746 9,807 15,871 32,239
Non-Interest Revenue:        
Service Charges on Deposit Accounts 1,449 1,581 4,360 4,606
Trust Income 873 945 2,742 3,035
Securities Gains 1,117 1,086 3,083 2,449
Total impairment losses on securities 0 (772) 0 (772)
Portion of loss recognized in other comprehensive income 0 722 0 722
Net impairment losses recognized in earnings 0 (50) 0 (50)
Other Income 1,640 1,711 5,053 5,159
Total Non-Interest Revenue 5,079 5,273 15,238 15,199
Non-Interest Expense:        
Salaries 5,018 5,314 15,359 16,196
Pensions and Employee Benefits 1,613 1,492 4,759 4,712
Net Occupancy Expense 1,754 1,567 5,011 4,522
Furniture and Equipment Expense 810 862 2,470 2,593
Intangible Amortization 226 292 677 876
Losses on Other Real Estate Owned 3,464 1,461 3,464 2,187
Losses (gains) on repossessed and other assets 199 (1) 212 (158)
ATM Processing Expense 255 236 748 739
FDIC Assessments 675 356 2,019 2,528
Telephone and Data Line Expense 446 467 1,375 1,429
Legal Expense 1,014 240 2,002 1,011
Other Real Estate Carrying Cost Expense 536 438 1,589 1,399
Mortgage Recourse Settlement     3,520 0
Merger/Capital Raise Costs 16 0 2,384 0
Other Expense 2,301 2,442 7,027 7,284
Total Non-Interest Expense 18,327 15,166 52,616 45,318
(Loss) Income Before Income Taxes (9,502) (86) (21,507) 2,120
Income Tax (Benefit) Expense 0 (117) (672) 263
Net (Loss) Income (9,502) 31 (20,835) 1,857
Effective Preferred Stock Dividend 792 774 2,351 2,314
Net Loss to Common Shareholders $ (10,294) $ (743) $ (23,186) $ (457)
Basic Loss Per Common Share $ (0.57) $ (0.04) $ (1.29) $ (0.03)
Diluted loss per common share $ (0.57) $ (0.04) $ (1.29) $ (0.03)
Weighted-Average Common Shares Outstanding - Basic 17,961 17,953 17,958 17,886
Weighted-Average Common Shares Outstanding - Diluted 17,961 17,953 17,958 17,886