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Condensed Consolidated Statements of Operations (Unaudited) (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 $ 5,868 $ 7,343 $ 12,273 $ 14,843
Investment securities:        
Taxable 331 481 696 1,017
Tax-exempt 92 153 206 323
Nonmarketable equity securities 40 35 81 66
Other interest income 37 40 53 60
Total 6,368 8,052 13,309 16,309
Interest expense:        
Deposits 834 1,974 1,837 3,904
Federal Home Loan Bank advances 825 825 1,641 1,648
Other interest expense 171 186 365 365
Total 1,830 2,985 3,843 5,917
Net interest income 4,538 5,067 9,466 10,392
Provision for loan losses 1,750 2,000 2,350 3,600
Net interest income after provision for loan losses 2,788 3,067 7,116 6,792
Other operating income:        
Service charges on deposit accounts 378 492 753 973
Gains on sales of loans held for sale 353 410 779 708
Fees from brokerage services 64 80 140 144
Income from fiduciary activities 548 449 1,078 921
Gain on sales of securities available-for-sale 152 582 375 1,265
Other operating income 485 439 970 1,793
Total 1,980 2,452 4,095 5,804
Other operating expenses:        
Salaries and employee benefits 2,438 2,480 5,009 4,919
Net occupancy 318 321 671 654
Amortization of intangible assets 86 100 183 202
Furniture and equipment 140 188 290 380
FDIC banking assessments 404 379 883 725
Net cost of operation of other real estate owned 593 568 752 863
Other operating expenses 1,288 1,109 2,477 2,193
Total 5,267 5,145 10,265 9,936
Income (loss) before income taxes (499) 374 946 2,660
Income tax provision (benefit) (284) 21 140 707
Net income (loss) $ (215) $ 353 $ 806 $ 1,953
Basic net income (loss) per share (in Dollars per share) $ (0.02) $ 0.04 $ 0.08 $ 0.20
Diluted net income (loss) per share (in Dollars per share) $ (0.02) $ 0.04 $ 0.08 $ 0.20