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Consolidated Condensed Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest Income        
Loans receivable $ 4,310 $ 3,596 $ 12,505 $ 10,714
Investment securities 747 687 2,162 2,105
Interest-earning deposits and other 47 40 148 120
Total interest income 5,104 4,323 14,815 12,939
Interest Expense        
Deposits 542 638 1,750 2,039
Borrowings 473 592 1,420 1,766
Total interest expense 1,015 1,230 3,170 3,805
Net Interest Income 4,089 3,093 11,645 9,134
Provision for loan losses 20 268 656 1,064
Net Interest Income After Provision for Loan Losses 4,069 2,825 10,989 8,070
Other Income        
Service fees and charges 661 557 1,928 1,554
Net realized gains on sale of available-for-sale securities (includes $1, $119, $195 and $450, respectively, related to accumulated other comprehensive earnings reclassifications) 1 119 195 450
Net gains on loan sales 111 335 664 844
Interchange fee income 150 107 436 327
Increase in cash value of life insurance 70 77 207 231
Loss on real estate held for sale (353) (172) (543) (566)
Other income 98 81 307 245
Total other income 738 1,104 3,194 3,085
Other Expenses        
Salaries and employee benefits 1,749 1,395 5,107 4,295
Net occupancy and equipment expenses 457 359 1,408 1,069
Data processing fees 129 118 384 333
Advertising 132 93 360 294
Mortgage servicing rights 46 82 169 199
Office supplies 45 31 134 98
Professional fees 80 97 302 289
Federal Deposit Insurance Corporation assessment 99 90 292 257
Loan-related expenses 142 118 395 441
Acquisition expense 28 111 46 235
Other expenses 366 311 1,050 944
Total other expenses 3,273 2,805 9,647 8,454
Income Before Income Tax 1,534 1,124 4,536 2,701
Income tax expense (includes $1, $45, $67 and $162, respectively, related to income tax expense from reclassification items) 398 278 1,206 572
Net Income 1,136 846 3,330 2,129
Preferred stock dividends (91) (91) (272) (272)
Net Income Available to Common Stockholders $ 1,045 $ 755 $ 3,058 $ 1,857
Basic earnings per common share (in dollars per share) $ 0.68 $ 0.50 $ 2.00 $ 1.23
Diluted earnings per common share (in dollars per share) $ 0.68 $ 0.50 $ 2.00 $ 1.22
Dividends per share (in dollars per share) $ 0.21 $ 0.21 $ 0.63 $ 0.63