QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2012

QUARTERLY FINANCIAL DATA (UNAUDITED)

Schedule of the Company's quarterly financial data

The following table presents the Company's quarterly financial data for the years ended December 31, 2012 and 2011 (amounts in thousands, except per share amounts):

	First Quarter 2012			Second Quarter 2012			Third Quarter 2012			Fourth Quarter 2012
Interest Income	$	3,935		$	4,136		$	3,984		$	3,475
Interest expense		297			272			248			235
Net Interest income		3,638			3,864			3,736			3,240
Provision for loan losses		750			750			525			375
Non-interest income		1,472			1,565			1,305			1,607
Non-interest expense		4,376			5,387			4,298			4,098
Income (loss) before income taxes		(16	)		(708	)		218			374
Income tax expense (benefit)		(149	)		(461	)		(50	)		(241	)
Net income (loss)		133			(247	)		268			615
Preferred dividends		59			59			59			60
Net income (loss) available to common stockholders	$	74		$	(306	)	$	209		$	555
Net income per common share—basic and diluted	$	0.03		$	(0.14	)	$	0.10		$	0.26

	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		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