XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Condensed Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest Income        
Loans receivable, including fees $ 11,040 $ 11,648 $ 22,063 $ 23,228
Mortgage-backed securities 1,540 2,123 3,105 4,107
Federal Home Loan Bank stock 125 107 252 216
Other investments 165 216 345 433
Deposits with financial institutions 7 6 14 15
Total interest income 12,877 14,100 25,779 27,999
Interest Expense        
Passbook savings 3 13 6 26
Certificates of deposit 2,187 2,624 4,464 5,509
Daily Money Market accounts 60 92 121 200
Demand and NOW accounts 160 227 329 448
Federal Home Loan Bank advances 299 597 562 1,200
Other interest expense 148 197 298 397
Total interest expense 2,857 3,750 5,780 7,780
Net Interest Income 10,020 10,350 19,999 20,219
Provision for losses on loans 550 1,850 1,500 3,200
Net Interest Income After Provision for Loan Losses 9,470 8,500 18,499 17,019
Other Income        
Service fee income 1,364 1,752 2,935 3,405
Net realized gain on sale of securities 43 283 382 480
Equity in losses of limited partnerships (128) (128) (254) (248)
Commissions 1,174 1,036 2,156 2,054
Net gains on sales of loans 134 715 569 847
Net servicing fees (losses) 435 (142) 407 (110)
Increase in cash surrender value of life insurance 304 336 621 677
Loss on sale of other real estate and repossessed assets 37 (160) 56 (553)
Other income 97 13 225 81
Total other income 3,460 3,705 7,097 6,633
Other Expenses        
Salaries and employee benefits 5,532 5,293 11,083 10,637
Net occupancy expenses 534 527 1,229 1,103
Equipment expenses 457 493 923 891
Data processing fees 371 387 755 818
Automated teller machine 270 257 511 485
Deposit insurance 316 314 640 627
Professional fees 319 426 655 768
Advertising and promotion 438 372 709 725
Software subscriptions and maintenance 311 395 679 762
Intangible amortization 211 255 421 516
Other real estate and repossessed assets 176 281 349 444
Other expenses 967 933 1,861 1,750
Total other expenses 9,902 9,933 19,815 19,526
Income Before Income Tax 3,028 2,272 5,781 4,126
Income tax expense 916 628 1,693 1,056
Net Income 2,112 1,644 4,088 3,070
Preferred stock dividends and amortization 278 362 640 723
Net Income Available to Common Shareholders $ 1,834 $ 1,282 $ 3,448 $ 2,347
Basic earnings per common share $ 0.26 $ 0.18 $ 0.49 $ 0.34
Diluted earnings per common share $ 0.25 $ 0.18 $ 0.48 $ 0.33
Dividends per common share $ 0.06 $ 0.06 $ 0.12 $ 0.12