XML 11 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income:        
Loans $ 1,197 $ 1,588 $ 2,486 $ 3,489
Securities 500 494 1,029 1,424
Other 14 19 29 33
Total interest income 1,711 2,101 3,544 4,946
Interest expense:        
Deposits 498 698 1,048 1,456
Borrowings 384 420 765 1,304
Total interest expense 882 1,118 1,813 2,760
Net interest income 829 983 1,731 2,186
Provision for loan losses 860 1,501 894 2,193
Net interest income (expense) after provision for loan losses (31) (518) 837 (7)
Noninterest income:        
Service charges and fees 6 6 16 17
Loan prepayment fees 0 2 6 6
Gain on sale of securities 153 0 153 1,344
Other 46 7 46 10
Total noninterest income 205 15 221 1,377
Noninterest expenses:        
Salaries and employee benefits 461 488 937 910
Occupancy and equipment 134 150 267 302
Data processing 49 49 101 97
Professional fees 459 485 849 783
Insurance 113 13 227 27
Stationary and supplies 8 12 17 23
Foreclosed real estate 592 241 983 283
Regulatory assessment 160 131 381 319
Loss on early extinguishment of debt 0 0 0 3,699
Other 168 52 423 157
Total noninterest expenses 2,144 1,621 4,185 6,600
Net loss $ (1,970) $ (2,124) $ (3,127) $ (5,230)
Net loss per share:        
Basic $ (2.40) $ (2.59) $ (3.82) $ (6.38)
Diluted $ (2.40) $ (2.59) $ (3.82) $ (6.38)
Dividends per share $ 0 $ 0 $ 0 $ 0