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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income:        
Loans, including fees $ 3,065 $ 3,163 $ 5,992 $ 6,511
Investment securities:        
Taxable 603 645 1,218 1,326
Tax-exempt 455 455 910 910
Interest-bearing deposits 17 21 31 42
Total interest income 4,140 4,284 8,151 8,789
Interest expense:        
Deposits 407 667 846 1,355
Other borrowings   3   17
Total interest expense 407 670 846 1,372
Net interest income 3,733 3,614 7,305 7,417
Provision for loan losses 731 860 1,206 1,490
Net interest income after provision for loan losses 3,002 2,754 6,099 5,927
Noninterest income:        
Service charges on deposits 854 941 1,717 1,846
Gain on sales of securities 32 1 95 334
Gain on sales of assets     6  
Other operating income 285 276 595 790
Total noninterest income 1,171 1,218 2,413 2,970
Noninterest expense:        
Salaries and employee benefits 1,749 1,986 3,573 3,949
Net occupancy and equipment 622 648 1,206 1,272
Amortization of core deposit intangible 118 122 236 254
FDIC insurance 192 209 390 390
Other real estate owned, net 275 1,716 605 1,843
Other operating expenses 1,271 1,232 2,468 2,446
Total noninterest expense 4,227 5,913 8,478 10,154
Income (loss) before income taxes (54) (1,941) 34 (1,257)
Income tax expense (benefit) (173) (837) (303) (778)
Net income (loss) 119 (1,104) 337 (479)
Preferred dividends accrued 59 94 118 188
Net income (loss) available to common shareholders $ 60 $ (1,198) $ 219 $ (667)
Net income (loss) per common share - basic (in dollars per share) $ 0.03 $ (0.57) $ 0.10 $ (0.32)
Net income (loss) per common share - diluted (in dollars per share) $ 0.03 $ (0.57) $ 0.10 $ (0.32)
Weighted average common outstanding shares - basic (in shares) 2,120 2,103 2,119 2,103
Weighted average common outstanding shares - diluted (in shares) 2,132 2,103 2,132 2,103
Dividends per common share (in dollars per share) $ 0.08 $ 0.08 $ 0.08 $ 0.08