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Consolidated Condensed Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income        
Loans receivable $ 3,596 $ 3,732 $ 10,714 $ 11,215
Investment securities 687 711 2,105 2,037
Interest-earning deposits and other 40 36 120 107
Total interest income 4,323 4,479 12,939 13,359
Interest Expense        
Deposits 638 864 2,039 2,633
Borrowings 592 600 1,766 1,775
Total interest expense 1,230 1,464 3,805 4,408
Net Interest Income 3,093 3,015 9,134 8,951
Provision for loan losses 268 1,449 1,064 2,297
Net Interest Income After Provision for Loan Losses 2,825 1,566 8,070 6,654
Other Income        
Service fees and charges 557 516 1,554 1,431
Net realized gains on sale of available-for-sale securities 119 105 450 270
Net gains on loan sales 335 138 844 367
Interchange fee income 107 103 327 303
Increase in cash value of life insurance 77 81 231 242
Loss on premises, equipment and real estate held for sale (172) (533) (566) (683)
Other income 81 (15) 245 54
Total other income 1,104 395 3,085 1,984
Other Expenses        
Salaries and employee benefits 1,395 1,329 4,295 3,945
Net occupancy and equipment expenses 359 363 1,069 1,069
Data processing fees 118 101 333 312
Advertising 93 128 294 318
Mortgage servicing rights 82 45 199 87
Office supplies 31 30 98 92
Professional fees 97 111 289 291
Federal Deposit Insurance Corporation assessment 90 47 257 290
Loan-related expenses 118 73 441 152
Acquisition expense 111 33 235 33
Other expenses 311 290 944 812
Total other expenses 2,805 2,550 8,454 7,401
Income (Loss) Before Income Tax 1,124 (589) 2,701 1,237
Income tax expense (benefit) 278 (382) 572 21
Net Income (Loss) 846 (207) 2,129 1,216
Preferred stock dividends (91) (91) (272) (272)
Net Income (Loss) Available to Common Stockholders $ 755 $ (298) $ 1,857 $ 944
Basic earnings per common share (in dollars per share) $ 0.50 $ (0.20) $ 1.23 $ 0.62
Diluted earnings per common share (in dollars per share) $ 0.50 $ (0.20) $ 1.22 $ 0.62
Dividends per share (in dollars per share) $ 0.21 $ 0.21 $ 0.63 $ 0.63