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Unaudited - Condensed Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest and dividend income    
Loans $ 3,829 $ 3,527
Investment securities 662 777
Other 65 66
Total interest and dividend income 4,556 4,370
Interest expense    
Deposits 457 591
Borrowings 432 438
Total interest expense 889 1,029
Net interest income 3,667 3,341
Provision for loan losses 227 255
Net interest income after provision for loan losses 3,440 3,086
Non-interest income    
Service charges on deposit accounts and other fees 298 282
Loan servicing and other fees 38 17
Net gains on sales of mortgage loans held for sale 205 207
Net realized gain on sales of available-for-sale securities 474 0
Insurance and brokerage commissions 23 26
Other 6 47
Total non-interest income 1,044 579
Non-interest expense    
Salaries and employee benefits 1,542 1,732
Net occupancy expense 159 166
Equipment expense 162 187
Data processing fees 261 223
Professional fees 165 184
Marketing expense 80 76
Supplies and communication 92 72
Loan collection and repossession expense 15 0
Other 480 477
Total non-interest expense 2,956 3,117
Income before income taxes 1,528 548
Provision for income taxes 603 190
Net income $ 925 $ 358
Per common share:    
Basic net income per common share (in dollars per share) $ 0.23 $ 0.09
Diluted net income per common share (in dollars per share) $ 0.22 $ 0.08
Dividends declared per common share (in dollars per share) $ 0.05 $ 0.05
Basic weighted average common shares outstanding (in shares) 3,998,329 4,107,813
Diluted weighted average common shares outstanding (in shares) 4,236,410 4,260,723