XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest Income        
Interest and fees on loans $ 5,026 $ 5,409 $ 10,140 $ 10,809
Interest and dividends on securities available for sale:        
Taxable interest income 333 221 600 416
Interest income exempt from federal income taxes 62 62 123 123
Dividends 15 16 43 37
Interest on deposits in other banks 43 40 81 84
Total interest income 5,479 5,748 10,987 11,469
Interest Expense        
Interest on deposits 526 579 1,047 1,163
Interest on Federal Home Loan Bank advances 81 195 162 440
Distribution on capital securities of subsidiary trusts 50 50 99 99
Total interest expense 657 824 1,308 1,702
Net interest income 4,822 4,924 9,679 9,767
Provision for loan losses 0 800 0 967
Net interest income after provision for loan losses 4,822 4,124 9,679 8,800
Other Income        
Trust and estate income 452 385 876 723
Brokerage income 83 110 160 243
Service charges on deposit accounts 660 743 1,266 1,327
Other service charges, commissions and income 503 501 818 886
Gain on sale of securities     0 0
Total other income 1,698 1,739 3,120 3,179
Other Expenses        
Salaries and benefits 2,532 2,417 5,127 4,812
Occupancy expense of premises 532 475 1,105 960
Furniture and equipment 236 261 536 528
Marketing expense 142 150 283 290
Legal, audit and consulting expense 138 333 397 638
Data processing expense 345 326 705 647
Federal Deposit Insurance Corporation expense 82 132 185 268
Gains (Losses) on Sales of Other Real Estate 11 8 (103) 9
Other operating expenses 833 724 1,599 1,515
Total other expenses 4,851 4,826 9,834 9,667
Income before income taxes 1,669 1,037 2,965 2,312
Income tax expense 430 233 733 546
Net Income $ 1,239 $ 804 $ 2,232 $ 1,766
Earnings per Share, basic (in dollars per share) $ 0.33 $ 0.22 $ 0.60 $ 0.48
Earnings per Share, assuming dilution (in dollars per share) $ 0.33 $ 0.22 $ 0.60 $ 0.47
Dividends per Share (in dollars per share) $ 0.12 $ 0.12 $ 0.24 $ 0.24