Consolidated Statement Of Income (Loss) And Comprehensive Income (Loss) (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        
Loans $ 6,952 $ 8,836 $ 13,989 $ 18,117
Securities        
Taxable 854 1,088 1,684 2,085
Exempt from federal income taxes 113 177 239 392
Federal funds sold and other 37 37 76 68
Total interest income 7,956 10,138 15,988 20,662
Interest expense        
Deposits 1,143 2,213 2,542 4,700
Federal funds purchased and securities sold under agreements to repurchase 10 10 21 21
Federal Home Loan Bank advances 190 355 376 767
Series B mandatory redeemable preferred stock 4 4 8 8
Subordinated debentures 295 274 588 544
Notes payable 92 91 188 181
Total interest expense 1,734 2,947 3,723 6,221
Net interest income 6,222 7,191 12,265 14,441
Provision for loan losses 1,375 3,250 2,725 7,500
Net interest income after provision for loan losses 4,847 3,941 9,540 6,941
Noninterest income        
Service charges 1,040 1,189 2,089 2,251
Mortgage banking income 455 302 942 709
Electronic banking services 558 565 1,090 1,092
Bank-owned life insurance 245 250 488 499
Securities gains 698 379 714 379
Total other-than-temporary impairment losses   (107)   (499)
Portion of loss recognized in other comprehensive income (before taxes)            
Net impairment on securities   (107)   (499)
Gain on sale of OREO 234 (92) 425 (48)
Gain on sale of other assets       63
Other income 582 198 1,116 362
Noninterest Income, Total 3,812 2,684 6,864 4,808
Noninterest expense        
Salaries and employee benefits 3,582 3,460 7,284 7,093
Occupancy, net 620 704 1,284 1,424
Furniture and equipment 283 421 667 860
Marketing 94 67 169 127
Supplies and printing 65 77 133 141
Telephone 179 204 354 408
Data processing 360 375 667 739
FDIC insurance 511 824 1,029 1,674
Loan processing and collection costs 554 511 1,090 1,102
OREO valuation adjustment 662 1,097 795 1,297
Amortization of intangible assets 238 263 475 539
Other expenses 1,428 1,574 2,874 2,973
Noninterest Expense, Total 8,576 9,577 16,821 18,377
Income (loss) before income taxes 83 (2,952) (417) (6,628)
Income tax expense (benefit)    (528)    (746)
Net income (loss) 83 (2,424) (417) (5,882)
Preferred stock dividends 523 501 1,040 995
Net income (loss) for common stockholders (440) (2,925) (1,457) (6,877)
Basic earnings (loss) per common share $ (0.07) $ (0.48) $ (0.24) $ (1.14)
Diluted earnings (loss) per common share $ (0.07) $ (0.48) $ (0.24) $ (1.14)
Total comprehensive income (loss):        
Net income (loss) 83 (2,424) (417) (5,882)
Change in unrealized gains (losses) on available for sale securities for which a portion of an other-than-temporary impairment has been recognized in earnings, net of reclassifications and tax effect   (21)   (145)
Change in unrealized gains (losses) on other securities available for sale, net of reclassifications and tax effect 772 1,416 1,991 2,401
Reclassification adjustment:        
Net impairment loss recognized in earnings   107   499
(Gains) recognized in earnings (698) (379) (714) (379)
Net unrealized gains (loss) 74 1,123 1,277 2,376
Tax expense (benefit)   434   919
Other comprehensive income (loss) 74 689 1,277 1,457
Total comprehensive income (loss) $ 157 $ (1,735) $ 860 $ (4,425)