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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income:        
Interest and fees on taxable loans $ 8,060 $ 8,131 $ 23,888 $ 24,265
Interest and fees on tax-exempt loans 86 63 266 198
Interest and dividends on taxable investment securities 1,097 1,246 3,187 3,784
Interest and dividends on tax-exempt investment securities 56 118 177 351
Interest on federal funds sold and other interest-earning assets 40 54 143 239
Total interest income 9,339 9,612 27,661 28,837
Interest expense:        
Demand- interest bearing 213 211 615 567
Money market and savings 425 572 1,355 2,157
Time deposits 197 370 680 1,384
Other borrowings 278 283 834 852
Total interest expense 1,113 1,436 3,484 4,960
Net interest income 8,226 8,176 24,177 23,877
Provision for loan losses 250 850 1,175 600
Net interest income after provision for loan losses 7,976 7,326 23,002 23,277
Non-interest income:        
Loan advisory and servicing fees 446 333 1,220 873
Gain on sales of SBA loans 1,106 1,141 3,863 3,337
Service fees on deposit accounts 270 234 769 670
Legal settlements 0 50 238 155
Gain on sale of investment securities 0 0 703 774
Other-than-temporary impairment losses 0 0 0 (33)
Portion recognized in other comprehensive income (before taxes) 0 0 0 2
Net impairment loss on investment securities 0 0 0 (31)
Bank owned life insurance income 0 20 13 55
Other non-interest income 70 53 199 143
Total non-interest income 1,892 1,831 7,005 5,976
Non-interest expenses:        
Salaries and employee benefits 4,486 4,008 13,276 12,105
Occupancy 941 875 2,661 2,591
Depreciation and amortization 671 492 1,626 1,516
Legal 544 547 1,411 2,334
Other real estate owned 745 287 1,771 489
Advertising 103 57 321 207
Data processing 299 288 715 863
Insurance 155 183 466 493
Professional fees 358 326 1,040 917
Regulatory assessments and costs 327 343 912 1,032
Taxes, other 63 181 566 718
Legal settlement 1,875 0 1,875 0
Other operating expenses 1,541 1,200 3,654 3,368
Total non-interest expense 12,108 8,787 30,294 26,633
Income (loss) before benefit for income taxes (2,240) 370 (287) 2,620
Benefit for income taxes (18) (28) (68) (90)
Net income (loss) $ (2,222) $ 398 $ (219) $ 2,710
Net income (loss) per share:        
Basic (in dollars per share) $ (0.09) $ 0.02 $ (0.01) $ 0.10
Diluted (in dollars per share) $ (0.09) $ 0.02 $ (0.01) $ 0.10