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Condensed Consolidated Statements of Operations (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Loans    
Taxable$ 6,250,747$ 6,281,157$ 18,273,348$ 19,442,383
Nontaxable24,14013,66450,56449,960
Securities    
Taxable446,342596,3621,623,4751,679,203
Nontaxable171,739353,755809,2641,055,707
Other5624142211
Total interest income6,893,0247,244,96220,756,79322,227,464
Interest expense    
Deposits976,3361,275,6073,035,8993,935,731
Other borrowings24,69132,36773,777101,145
Repurchase Agreements71,900436,369841,6341,295,994
Federal Home Loan Bank advances79,033231,122325,428872,947
Trust preferred securities355,632388,8541,047,9231,178,502
Total interest expense1,507,5922,364,3195,324,6617,384,319
Net interest income5,385,4324,880,64315,432,13214,843,145
Provision for loan losses297,368898,5701,694,6488,788,713
Net interest income after provision for loan losses5,088,0643,982,07313,737,4846,054,432
Noninterest income    
Data service fees743,1142,044,4002,959,0268,682,575
Trust fees628,994650,5111,993,4761,883,994
Customer service fees663,691643,8161,884,7841,846,161
Gain on sale of mortgage loans and OMSR's1,100,5571,435,5812,090,7362,653,693
Mortgage loan servicing fees, net(795,995)(423,939)(661,110)(397,577)
Gain on sale of non-mortgage loans0125,12280,423233,071
Net realized gain (loss) on sales of securities001,871,387451,474
Investment securities recoveries00073,774
Loss on sale or disposal of assets(26,816)(128,985)(287,478)(159,066)
Other income161,377188,055503,469544,094
Total non-interest income2,474,9224,534,56110,434,71315,812,193
Noninterest expense    
Salaries and employee benefits3,582,9824,058,31610,686,19114,064,591
Net occupancy expense568,173486,6951,669,6441,639,386
Equipment expense689,662872,6812,118,5395,423,343
FDIC Insurance expense145,261259,646716,839676,462
Software and fixed asset impairment0004,892,231
Data processing fees157,686211,129493,231635,393
Professional fees377,322619,4301,427,6101,823,449
Marketing expense89,192139,987235,060330,213
Printing and office supplies86,071111,414280,735369,842
Telephone and communication140,995267,344441,001992,891
Postage and delivery expense260,477388,666863,4071,415,529
State, local and other taxes102,577154,391380,133118,835
Employee expense143,355147,739411,040654,968
Other intangible amortization expense184,763200,344579,187600,613
OREO Impairment000215,000
Other expenses294,621820,6331,978,4892,550,747
Total non-interest expense6,823,1378,738,41522,281,10636,403,493
Income (loss) before income tax expense739,849(221,781)1,891,091(14,536,868)
Income tax expense (benefit)137,356(247,696)500,880(5,507,954)
Net Income (Loss)$ 602,493$ 25,915$ 1,390,211$ (9,028,914)
Common share data:    
Basic earnings (loss) per common share (in dollars per share)$ 0.12$ 0.01$ 0.29$ (1.86)
Diluted earnings (loss) per common share (in dollars per share)$ 0.12$ 0.01$ 0.29$ (1.86)