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Consolidated Statements of Operations (Unaudited) (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 and Dividend Income        
Interest and fees on loans $ 5,265 $ 5,818 $ 10,812 $ 11,651
Interest on federal funds sold 6 4 9 11
Interest on deposits in banks 5 5 8 12
Interest and dividends on securities available for sale:        
Taxable interest 514 572 1,048 1,023
Tax-exempt interest 71 121 173 244
Dividends 19 17 38 34
Total interest and dividend income 5,880 6,537 12,088 12,975
Interest Expense        
Interest on deposits 959 1,303 1,945 2,606
Interest on trust preferred capital notes 60 109 122 218
Interest on other borrowings 66 42 146 133
Total interest expense 1,085 1,454 2,213 2,957
Net interest income 4,795 5,083 9,875 10,018
Provision for loan losses 650 3,550 2,650 3,820
Net interest income after provision for loan losses 4,145 1,533 7,225 6,198
Noninterest Income        
Service charges on deposit accounts 523 535 1,025 1,036
ATM and check card fees 387 410 760 781
Trust and investment advisory fees 368 384 714 726
Fees for other customer services 107 74 205 147
Gains on sale of loans 49 22 92 69
Gains on sale of securities available for sale, net 1 41 1,118 41
Other operating income 27 19 62 25
Total noninterest income 1,462 1,485 3,976 2,825
Noninterest Expense        
Salaries and employee benefits 2,388 2,280 4,757 4,568
Occupancy 337 331 663 672
Equipment 307 323 613 648
Marketing 95 100 173 205
Stationery and supplies 86 87 167 166
Legal and professional fees 198 269 448 470
ATM and check card fees 163 159 319 330
FDIC assessment 179 217 357 407
Bank franchise tax 61 104 137 209
Provision for other real estate owned 168 46 569 176
Other real estate owned expense 98 66 351 192
Net (gains) losses on sale of other real estate owned (160) 8 (250) 8
Telecommunications expense 61 86 122 176
Data processing 78 79 168 142
Other operating expense 375 361 744 702
Total noninterest expense 4,434 4,516 9,338 9,071
Income (loss) before income taxes 1,173 (1,498) 1,863 (48)
Income tax provision (benefit) 479 (553) 694 (106)
Net income (loss) 694 (945) 1,169 58
Effective dividend on preferred stock 227 223 451 446
Net income (loss) available to common shareholders $ 467 $ (1,168) $ 718 $ (388)
Earnings (loss) per common share, basic and diluted $ 0.16 $ (0.40) $ 0.24 $ (0.13)