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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest Income        
Interest and fees on taxable loans $ 8,114 $ 8,306 $ 16,134 $ 16,449
Interest and fees on tax-exempt loans 65 81 135 149
Interest and dividends on taxable investment securities 1,269 1,122 2,538 2,118
Interest and dividends on tax-exempt investment securities 117 114 233 227
Interest on federal funds sold and other interest-earning assets 84 34 185 48
Total interest income 9,649 9,657 19,225 18,991
Interest expense:        
Demand- interest bearing 185 168 356 266
Money market and savings 722 860 1,585 1,659
Time deposits 433 825 1,014 1,546
Other borrowings 284 278 569 574
Total interest expense 1,624 2,131 3,524 4,045
Net interest income 8,025 7,526 15,701 14,946
Provision (credit) for loan losses 500 1,500 (250) 5,050
Net interest income after provision (credit) for loan losses 7,525 6,026 15,951 9,896
Non-interest income:        
Loan advisory and servicing fees 329 119 540 156
Gain on sales of SBA loans 1,110 1,657 2,196 2,354
Service fees on deposit accounts 226 201 436 370
Gain on sale of investment securities 774   774  
Other-than-temporary impairment losses (16) (4) (33) (4)
Portion recognized in other comprehensive income (before taxes) 2 2 2 2
Net impairment loss on investment securities (14) (2) (31) (2)
Bank owned life insurance income 16 36 35 66
Other non-interest income 58 65 195 259
Total non-interest income 2,499 2,076 4,145 3,203
Non-interest expenses:        
Salaries and employee benefits 3,963 3,807 8,097 7,145
Occupancy 872 789 1,716 1,644
Depreciation and amortization 506 533 1,024 1,061
Legal 898 579 1,787 874
Other real estate owned 104 65 202 1,424
Advertising 100 85 150 190
Data processing 311 271 575 518
Insurance 176 220 310 437
Professional fees 298 454 591 888
Regulatory assessments and costs 351 560 689 1,043
Taxes, other 277 232 537 445
Other operating expenses 1,154 1,416 2,168 2,334
Total non-interest expense 9,010 9,011 17,846 18,003
Income (loss) before provision (benefit) for income taxes 1,014 (909) 2,250 (4,904)
Provision (benefit) for income taxes 7 (429) (62) (1,916)
Net income (loss) $ 1,007 $ (480) $ 2,312 $ (2,988)
Net income (loss) per share:        
Basic $ 0.04 $ (0.02) $ 0.09 $ (0.12)
Diluted $ 0.04 $ (0.02) $ 0.09 $ (0.12)