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CONSOLIDATED STATEMENT OF INCOME (Unaudited) (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:        
Interest and fees on loans $ 3,516 $ 4,238 $ 7,158 $ 8,554
Interest on deposits in banks   3 1 6
Interest and dividends on investment securities:        
Taxable 805 931 1,593 1,821
Exempt from Federal income taxes 221 148 441 449
Dividends 9 4 9 4
Total interest income 4,551 5,324 9,202 10,834
Interest expense:        
Interest on deposits 301 418 632 853
Interest on borrowings 74 64 150 131
Total interest expense 375 482 782 984
Net interest income 4,176 4,842 8,420 9,850
Provision for loan and lease losses 100 375 200 955
Net interest income after provision for loan and lease losses 4,076 4,467 8,220 8,895
Noninterest income:        
Service charges on deposit accounts 147 194 298 390
Gain on sale of securities 3 11 3 75
Other noninterest income 298 489 772 922
Total noninterest income 448 694 1,073 1,387
Noninterest expense:        
Salaries and employee benefits 2,175 2,033 4,393 4,235
Occupancy 301 299 602 595
Furniture and equipment 191 202 385 392
Federal Deposit Insurance Corporation assessments (16) 141 110 283
Expenses related to other real estate owned 195 468 500 842
Other expense 766 908 1,624 1,816
Total noninterest expense 3,612 4,051 7,614 8,163
Income before provision for income taxes 912 1,110 1,679 2,119
Provision for income taxes 260 265 405 562
Net income $ 652 $ 845 $ 1,274 $ 1,557
Basic earnings per share (in dollars per share) $ 0.07 $ 0.09 $ 0.14 $ 0.16
Diluted earnings per share (in dollars per share) $ 0.07 $ 0.09 $ 0.14 $ 0.16
Cash dividends per share (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00