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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest and dividend income:        
Loans $ 6,211 $ 6,480 $ 18,245 $ 19,083
Due from banks interest bearing accounts 77 72 251 248
Investment securities        
Taxable 756 663 2,334 1,921
Non-taxable 103 106 310 325
Other earning assets 5 2 17 6
Total interest and dividend income 7,152 7,323 21,157 21,583
Interest expense:        
Deposits 375 524 1,305 1,649
Other borrowings 0 72 141 253
Total interest expense 375 596 1,446 1,902
Net interest income 6,777 6,727 19,711 19,681
Provision for loan losses 825 1,190 2,051 3,670
Net interest income after provision for loan losses 5,952 5,537 17,660 16,011
Other operating income:        
Service charges on deposit accounts 697 723 2,023 2,136
Gains on sales of other real estate owned 0 13 17 228
Gains on sales of loans held-for-sale 510 176 1,410 444
Investment and brokerage services income 258 365 761 905
Mortgage brokerage income 28 12 74 39
Loan servicing income 67 5 351 393
Fiduciary activities income 133 99 361 285
ATM fees 107 125 365 349
Signature based transaction fees 283 248 797 692
Gains on calls/sales of available-for-sale securities 0 177 1 633
Other income 223 511 612 903
Total other operating income 2,306 2,454 6,772 7,007
Other operating expenses:        
Salaries and employee benefits 3,901 3,885 11,625 11,219
Occupancy and equipment 665 738 2,149 2,370
Data processing 400 443 1,220 1,227
Stationery and supplies 92 67 263 230
Advertising 69 137 273 422
Directors' fees 56 52 166 176
Other real estate owned expense and impairment 3 148 63 662
Other expense 1,284 1,318 3,729 3,702
Total other operating expenses 6,470 6,788 19,488 20,008
Income before income tax expense 1,788 1,203 4,944 3,010
Income tax expense 584 255 1,441 501
Net income 1,204 948 3,503 2,509
Preferred stock dividend and accretion (286) (607) (857) (1,107)
Net income available to common stockholders $ 918 $ 341 $ 2,646 $ 1,402
Basic income per share (in dollars per share) $ 0.10 $ 0.04 $ 0.29 $ 0.15
Diluted income per share (in dollars per share) $ 0.10 $ 0.04 $ 0.29 $ 0.15