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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest income    
Interest and fees on loans $ 3,391 $ 3,400
Interest on investment securities:    
Taxable 90 143
Tax-exempt 136 159
Federal funds sold 10 12
Total interest income 3,627 3,714
Interest expense    
Interest on deposits 383 628
Total interest expense 383 628
Net interest income 3,244 3,086
Provision for loan losses 150 195
Net interest income after provision for loan losses 3,094 2,891
Noninterest income    
Service fees and overdraft charges 361 362
Other income 181 152
Total noninterest income 542 514
Noninterest expense    
Salaries and employee benefits 1,448 1,335
Premises and equipment 317 350
OREO and miscellaneous loan expense 41 47
Professional fees 118 170
Data processing 49 50
Software maintenance 97 88
Advertising and promotional 56 60
FDIC deposit insurance 54 113
Franchise tax 79 79
Losses on repossessed asset sales, net 2 26
Other operating expense 309 258
Total noninterest expense 2,570 2,576
Income before income taxes 1,066 829
Income tax expense 303 212
Net income $ 763 $ 617
Basic earnings per common share (in dollars per share) $ 0.66 $ 0.53
Diluted earnings per common share (in dollars per share) $ 0.65 $ 0.53