Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information (Unaudited)

Quarterly Financial Information (Unaudited)

(21) Quarterly Financial Information (Unaudited)

											Year
	First			Second		Third			Fourth		to
(In thousands except per share data)	quarter			quarter		quarter			quarter		Date
Year Ended December 31, 2013
Interest income	$	11,545		$	11,592	$	11,298		$	11,230	$	45,665
Interest expense	1,816			1,777		1,433			1,316		6,342
Net interest income	9,729			9,815		9,865			9,914		39,323
Provision for loan losses	1,000			1,000		0			30		2,030
Noninterest income	3,007			3,088		2,447			2,324		10,866
Noninterest expense	11,934			9,281		9,972			9,576		40,763
Income tax (benefit) expense	(62		)	810		771			903		2,422
Net (loss) income	$	(136	)	$	1,812	$	1,569		$	1,729	$	4,974
Preferred stock dividends	223			114		0			0		337
Accretion of discount on preferred stock	72			206		0			0		278
Net income (loss) available to common stockholders	$	(431	)	$	1,492	$	1,569		$	1,729	$	4,359
Net income (loss) per share:
Basic (loss) earnings per share	$	(0.09	)	$	0.30	$	0.31		$	0.34	$	0.87
Diluted (loss) earnings per share	(0.09		)	0.30		0.31			0.34		0.87

Year Ended December 31, 2012
Interest income	$	12,646		$	12,297	$	12,151		$	12,020	$	49,114
Interest expense	1,831			2,125		2,029			1,920		7,905
Net interest income	10,815			10,172		10,122			10,100		41,209
Provision for loan losses	1,700			1,500		4,700			1,000		8,900
Noninterest income	1,970			2,443		2,680			2,633		9,726
Noninterest expense	9,480			10,098		10,378			8,711		38,667
Income tax (benefit) expense	154			277		(704		)	819		546
Net income (loss)	$	1,451		$	740	$	(1,572	)	$	2,203	$	2,822
Preferred stock dividends	370			296		228			231		1,125
Accretion of discount on preferred stock	119			396		72			72		659
Net income (loss) available to common stockholders	$	962		$	48	$	(1,872	)	$	1,900	$	1,038
Net income (loss) per share:
Basic earnings (loss) per share	$	0.21		$	0.01	$	(0.39	)	$	0.39	$	0.21
Diluted earnings (loss) per share	0.21			0.01		(0.39		)	0.39		0.21

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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