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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income:        
Interest and fees on loans $ 10,933 $ 12,225 $ 22,171 $ 25,338
Interest on investments 1,381 1,512 2,703 2,928
Other investment income 66 60 103 127
Total interest income 12,380 13,797 24,977 28,393
Interest expense:        
Interest bearing demand 182 276 348 648
Savings 6 5 11 14
Time 261 534 594 1,150
Other borrowings 460 474 934 948
Total interest expense 909 1,289 1,887 2,760
Net interest income 11,471 12,508 23,090 25,633
Loan loss provision 1,000 0 1,000 1,100
Net interest income after loan loss provision 10,471 12,508 22,090 24,533
Non-interest income:        
Service charges on deposit accounts 744 811 1,479 1,681
Card issuer and merchant services fees, net 875 687 1,626 1,276
Earnings on BOLI 224 244 435 518
Mortgage banking income, net 1,060 1,196 2,220 1,844
Other income 613 501 1,112 1,086
Total non-interest income 3,516 3,439 6,872 6,405
Non-interest expense:        
Salaries and employee benefits 8,960 8,191 16,607 15,862
Occupancy 1,573 1,165 2,728 2,318
Equipment 367 398 735 771
Communications 395 388 761 756
FDIC insurance 404 688 849 1,383
OREO (2) 65 275 749
Professional services 829 1,053 1,510 1,905
Prepayment penalties on FHLB advances 3,827 0 3,827 0
Other expenses 2,956 2,217 5,328 4,329
Total non-interest expense 19,309 14,165 32,620 28,073
Income (loss) before income taxes (5,322) 1,782 (3,658) 2,865
Income tax benefit (provision) 51,746 (25) 51,778 (50)
Net income $ 46,424 $ 1,757 $ 48,120 $ 2,815
Basic and diluted income per share:        
Net income per common share $ 0.98 $ 0.04 $ 1.02 $ 0.06
Net income per common share (diluted) $ 0.98 $ 0.04 $ 1.02 $ 0.06