QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2011

QUARTERLY FINANCIAL DATA (UNAUDITED)

QUARTERLY FINANCIAL DATA (UNAUDITED)

17. QUARTERLY FINANCIAL DATA (UNAUDITED)

        The following table presents the Company's quarterly financial data for the years ended December 31, 2011 and 2010 (amounts in thousands, except per share amounts):

	First Quarter 2011			Second Quarter 2011			Third Quarter 2011			Fourth Quarter 2011
Interest Income	$	4,011		$	4,140		$	4,035		$	3,907
Interest expense		438			407			365			317
Net Interest income		3,573			3,733			3,670			3,590
Provision for loan losses		475			1,478			780			1,149
Non-interest income		1,241			1,171			1,411			1,638
Non-interest expense		4,252			4,227			4,387			4,093
Income (loss) before income taxes		87			(801	)		(86	)		(14	)
Income tax expense (benefit)		(130	)		(427	)		(178	)		(348	)
Net income (loss)		217			(374	)		92			334
Preferred dividends accrued		59			59			59			60
Net income (loss) available to common stockholders	$	158		$	(433	)	$	33		$	274
Net income per common share—basic and diluted	$	0.08		$	(0.20	)	$	0.02		$	0.12

	First Quarter 2010		Second Quarter 2010			Third Quarter 2010		Fourth Quarter 2010
Interest Income	$	4,505	$	4,284		$	4,582	$	4,171
Interest expense		702		670			601		502
Net Interest income		3,803		3,614			3,981		3,669
Provision for loan losses		630		860			450		525
Non-interest income		1,752		1,218			1,479		1,779
Non-interest expense		4,241		5,913			4,387		4,562
Income (loss) before income taxes		684		(1,941	)		623		361
Income tax expense (benefit)		59		(837	)		38		(163	)
Net income (loss)		625		(1,104	)		585		524
Preferred dividends accrued		93		94			67		60
Net income (loss) available to common stockholders	$	532	$	(1,198	)	$	518	$	464
Net income per common share—basic and diluted	$	0.25	$	(0.57	)	$	0.25	$	0.22