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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest and fees on loans    
Taxable $ 14,280 $ 15,075
Tax-exempt 86 65
Interest and dividends on securities    
Taxable 1,699 2,609
Tax-exempt 721 434
Interest on interest bearing deposits with other banks 11 17
Total interest income 16,797 18,200
Interest expense    
Interest on deposits 3,714 4,743
Interest on short-term borrowings 6 1
Interest on long-term borrowings and subordinated debentures 3,059 3,354
Total interest expense 6,779 8,098
Net interest income 10,018 10,102
Provision for loan losses 2,001 3,000
Net interest income after provision for loan losses 8,017 7,102
Other income    
Insurance commissions 1,158 1,242
Service fees related to deposit accounts 1,014 888
Realized securities gains 1,165 1,628
Gain (loss) on sale of assets (77) 71
Writedown of foreclosed properties (1,912) (3,443)
Bank owned life insurance income 275 131
Other 309 230
Total other-than-temporary impairment loss on securities (511) (1,828)
Portion of loss recognized in other comprehensive income 282 600
Net impairment loss recognized in earnings (229) (1,228)
Total other income 1,703 (481)
Other expense    
Salaries, commissions, and employee benefits 3,901 3,972
Net occupancy expense 479 509
Equipment expense 594 580
Professional fees 304 197
Amortization of intangibles 88 88
FDIC premiums 522 693
Foreclosed properties expense 374 434
Other 1,277 634
Total other expense 7,539 7,107
Income (loss) before income taxes 2,181 (486)
Income tax expense (benefit) 483 (238)
Net Income (loss) 1,698 (248)
Dividends on preferred shares 194 74
Net Income (loss) applicable to common shares $ 1,504 $ (322)
Basic earnings per common share $ 0.20 $ (0.04)
Diluted earnings per common share $ 0.18 $ (0.04)