Quarterly Consolidated Financial Information

12 Months Ended

Dec. 31, 2011

Quarterly Consolidated Financial Information [Abstract]

Quarterly Consolidated Financial Information

Note 22-Quarterly Consolidated Financial Information (Unaudited)


		First			Second			Third			Fourth
		Quarter			Quarter			Quarter			Quarter			Total
					(Dollars in thousands, except share data)
For the Year Ended December 31, 2011
Total interest income	$	6,791		$	6,504		$	6,378		$	6,021		$	25,694
Total interest expense		1,639			1,554			1,257			1,019			5,469
Net interest income		5,152			4,950			5,121			5,002			20,225
Provision for loan losses		1,089			1,679			1,610			2,003			6,381
Net interest income after provision for loan losses		4,063			3,271			3,511			2,999			13,844
Gain on sale of securities		—			—			—			—			—
Other noninterest income		209			205			604			632			1,650
Other noninterest expense		5,617			5,346			4,728			6,008			21,699
Loss from continuing operations before income taxes		(1,345	)		(1,870	)		(613	)		(2,377	)		(6,205	)
Income tax expense		—			—			—			—			—
Loss from continuing operations		(1,345	)		(1,870	)		(613	)		(2,377	)		(6,205	)
Discontinued operations		—			379			—			402			781
Net loss		(1,345	)		(1,491	)		(613	)		(1,975	)		(5,424	)
Preferred stock dividends		—			—			—			—			—
Net loss attributable to common stockholders	$	(1,345	)	$	(1,491	)	$	(613	)	$	(1,975	)	$	(5,424	)
Loss per share:
Basic and diluted
Continuing operations	$	(0.07	)	$	(0.10	)	$	(0.03	)	$	(0.14	)	$	(0.34	)
Discontinued operations		—			0.02			—			0.02			0.04
Net loss	$	(0.07	)	$	(0.08	)	$	(0.03	)	$	(0.12	)	$	(0.30	)

		First			Second			Third			Fourth
		Quarter			Quarter			Quarter			Quarter			Total
					(Dollars in thousands, except share data)
For the Year Ended December 31, 2010
Total interest income	$	8,130		$	7,619		$	7,309		$	7,232		$	30,290
Total interest expense		2,653			2,452			2,235			1,929			9,269
Net interest income		5,477			5,167			5,074			5,303			21,021
Provision for loan losses		2,672			2,436			6,602			3,635			15,345
Net interest income (loss) after provision for loan losses		2,805			2,731			(1,528	)		1,668			5,676
Gain on sale of securities		95			58			—			—			153
Other noninterest income		409			199			109			199			916
Other noninterest expense		5,668			5,915			6,346			6,069			23,998
Loss from continuing operations before income taxes		(2,359	)		(2,927	)		(7,765	)		(4,202	)		(17,253	)
Income tax expense		—			—			—			—			—
Loss from continuing operations		(2,359	)		(2,927	)		(7,765	)		(4,202	)		(17,253	)
Discontinued operations		—			—			—			—			—
Net loss		(2,359	)		(2,927	)		(7,765	)		(4,202	)		(17,253	)
Preferred stock dividends		—			—			—			—			—
Net loss attributable to common stockholders	$	(2,359	)	$	(2,927	)	$	(7,765	)	$	(4,202	)	$	(17,253	)
Loss per share:
Basic and diluted
Continuing operations	$	(0.13	)	$	(0.16	)	$	(0.43	)	$	(0.23	)	$	(0.95	)
Discontinued operations		—			—			—			—			—
Net loss	$	(0.13	)	$	(0.16	)	$	(0.43	)	$	(0.23	)	$	(0.95	)

- 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.

+ References+ Details

CIB MARINE BANCSHARES INC 10-K