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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
INTEREST INCOME:    
Interest and fees on loans $ 6,208 $ 6,518
Interest on investment securities:    
Taxable 887 876
Non-taxable 606 707
Other investments 30 29
TOTAL INTEREST INCOME 7,731 8,130
INTEREST EXPENSE:    
Interest on deposits 1,165 1,584
Interest on short-term borrowings 3 10
Interest on long-term debt 154 178
TOTAL INTEREST EXPENSE 1,322 1,772
NET INTEREST INCOME 6,409 6,358
PROVISION FOR LOAN LOSSES 215 664
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 6,194 5,694
NON-INTEREST INCOME:    
Trust income 766 483
Service charges and fees on deposit accounts 878 901
Net gain on sales of securities 380 295
Bank owned life insurance income 148 146
Gains from sales of mortgage loans 107 33
Other operating income 57 57
TOTAL NON-INTEREST INCOME 2,336 1,915
NON-INTEREST EXPENSE:    
Salaries and employee benefits 2,982 3,052
Equipment expenses 262 217
Occupancy expense, net 407 455
State franchise tax 206 196
Marketing 111 115
FDIC premiums 111 280
Other non-interest expense 1,369 1,470
TOTAL NON-INTEREST EXPENSE 5,448 5,785
INCOME BEFORE INCOME TAXES 3,082 1,824
PROVISION FOR INCOME TAXES 805 346
NET INCOME FROM CONTINUING OPERATIONS 2,277 1,478
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX 0 824
NET INCOME $ 2,277 $ 2,302
Dividends declared per common share (in dollars per share) $ 0.16 $ 0.16
Basic and diluted earnings per common share:    
Continuing operations (in dollars per share) $ 0.34 $ 0.22
Discontinued operations (in dollars per share) $ 0 $ 0.12
Weighted average common shares outstanding:    
Basic (in shares) 6,706,295 6,689,743
Diluted (in shares) 6,773,451 6,741,767