XML 71 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest Income      
Interest and fees on loans $ 23,504 $ 25,711 $ 26,849
Interest and dividends on securities available for sale:      
Taxable interest income 986 993 1,133
Interest income exempt from federal income taxes 246 236 229
Dividends 104 69 46
Interest on deposits in other banks 114 140 73
Total interest and dividend income 24,954 27,149 28,330
Interest Expense      
Interest on deposits 2,871 3,885 5,036
Interest on federal funds purchased 0 0 1
Interest on Federal Home Loan Bank advances 958 991 970
Distribution on capital securities of subsidiary trusts 200 199 117
Total interest expense 4,029 5,075 6,124
Net interest income 20,925 22,074 22,206
Provision for loan losses 5,807 1,933 2,075
Net interest income after provision for loan losses 15,118 20,141 20,131
Other Income      
Trust and estate income 1,408 1,243 1,060
Brokerage income 323 392 394
Service charges on deposit accounts 2,691 3,087 2,799
Other service charges, commissions and income 1,777 1,639 1,435
Total other-than-temporary impairment gains (losses) on securities 60 (228) (1,370)
Less: Portion of gain/(loss) recognized in other comprehensive income before taxes 60 (39) 34
Net other-than-temporary impairment losses on securities 0 (189) (1,404)
Gain on sale of securities 166 102 541
Total other income 6,365 6,274 4,825
Other Expenses      
Salaries and benefits 9,435 10,546 10,541
Occupancy expense of premises 1,894 1,864 1,815
Furniture and equipment 1,156 1,152 1,251
Marketing expense 692 662 675
Legal, audit and consulting expense 1,013 1,079 1,029
Data processing expense 1,209 1,174 1,040
Federal Deposit Insurance Corporation expense 470 605 734
Loss on sale or impairment and expense of other real estate owned 391 1,110 198
Other operating expenses 2,810 2,671 2,913
Total expense 19,070 20,863 20,196
Income before income taxes 2,413 5,552 4,760
Income tax expense 360 1,435 1,093
Net Income $ 2,053 $ 4,117 $ 3,667
Earnings per Share, basic (in dollars per share) $ 0.56 $ 1.12 $ 1.01
Earnings per Share, assuming dilution (in dollars per share) $ 0.55 $ 1.12 $ 1.01
Dividends per Share (in dollars per share) $ 0.48 $ 0.48 $ 0.72