Consolidated Statement Of Income (Loss) And Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest income        
Loans $ 6,850 $ 8,297 $ 20,839 $ 26,414
Securities        
Taxable 748 1,047 2,432 3,132
Exempt from federal income taxes 105 158 344 550
Federal funds sold and other 23 40 99 108
Total interest income 7,726 9,542 23,714 30,204
Interest expense        
Deposits 973 1,937 3,515 6,637
Federal funds purchased and securities sold under agreements to repurchase 10 11 31 32
Federal Home Loan Bank advances 192 347 568 1,114
Series B mandatory redeemable preferred stock 4 4 12 12
Subordinated debentures 157 277 745 821
Notes payable 92 89 280 270
Total interest expense 1,428 2,665 5,151 8,886
Net interest income 6,298 6,877 18,563 21,318
Provision for loan losses 5,750 2,400 8,475 9,900
Net interest income after provision for loan losses 548 4,477 10,088 11,418
Noninterest income        
Service charges 1,128 1,232 3,217 3,483
Mortgage banking income 777 341 1,719 1,050
Electronic banking services 550 552 1,640 1,644
Bank-owned life insurance 246 256 734 755
Securities gains 684   1,398 379
Total other-than-temporary impairment losses       (499)
Portion of loss recognized in other comprehensive income (before taxes)            
Net impairment on securities       (499)
Gain (loss) on sale of OREO 40 (12) 465 (60)
Gain (loss) on sale of other assets   (16)   47
Other income 404 213 1,520 575
Noninterest Income, Total 3,829 2,566 10,693 7,374
Noninterest expense        
Salaries and employee benefits 3,697 3,505 10,981 10,598
Occupancy, net 681 712 1,965 2,136
Furniture and equipment 235 407 902 1,267
Marketing 115 56 284 183
Supplies and printing 67 67 200 208
Telephone 180 229 534 637
Data processing 396 381 1,063 1,120
FDIC insurance 515 323 1,544 1,997
Loan processing and collection costs 337 495 1,427 1,597
OREO valuation adjustment 640 4,473 1,435 5,770
Amortization of intangible assets 238 250 713 789
Other expenses 1,383 1,499 4,257 4,472
Noninterest Expense, Total 8,484 12,397 25,305 30,774
Income (loss) before income taxes (4,107) (5,354) (4,524) (11,982)
Income tax expense (benefit) (788) (606) (788) (1,352)
Net income (loss) (3,319) (4,748) (3,736) (10,630)
Preferred stock dividends 529 505 1,569 1,500
Net income (loss) for common stockholders (3,848) (5,253) (5,305) (12,130)
Basic earnings (loss) per common share $ (0.63) $ (0.87) $ (0.87) $ (2.01)
Diluted earnings (loss) per common share $ (0.63) $ (0.87) $ (0.87) $ (2.01)
Total comprehensive income (loss):        
Net income (loss) (3,319) (4,748) (3,736) (10,630)
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       (80)
Change in unrealized gains (losses) on other securities available for sale 1,727 1,075 3,718 3,411
Reclassification adjustment:        
Net impairment loss recognized in earnings       499
(Gains) recognized in earnings (684)   (1,398) (379)
Net unrealized gains (loss) 1,043 1,075 2,320 3,451
Tax expense (benefit) 900 416 900 919
Other comprehensive income (loss) 143 659 1,420 2,532
Total comprehensive income (loss) $ (3,176) $ (4,089) $ (2,316) $ (8,098)