XML 80 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Interest and dividend income:    
Loans and fees on loans $ 13,797 $ 14,013
Taxable investment securities 1,631 1,894
Nontaxable investment securities 50  
Federal funds sold 9 28
Dividends on restricted stock 92 63
Other interest income 40 16
Total interest and dividend income 15,619 16,014
Interest expense:    
Deposits 2,299 3,831
Other 38  
Other borrowed funds 402 503
Total interest expense 2,739 4,334
Net interest income 12,880 11,680
Provision for loan losses 1,408 1,222
Net interest income after provision for loan losses 11,472 10,458
Noninterest income:    
Service charges on deposit accounts 283 258
ATM and interchange income 231 180
Mortgage loan brokerage fees 368 147
Gain on sales of investment securities 131 196
Other income 389 257
Total noninterest income 1,402 1,038
Noninterest expense:    
Salaries and employee benefits 4,894 4,753
Occupancy and equipment expense 1,259 1,286
Data processing expense 682 599
Advertising and marketing expense 386 331
Professional fees 343 295
Bank franchise taxes 137 204
FDIC insurance expense 490 539
Loss on sales and writedowns of other real estate 566 333
Other real estate owned expense 314 240
Directors’ fees 227  
Other expense 1,053 997
Total noninterest expense 10,351 9,577
Net income before income taxes 2,523 1,919
Income tax (benefit) expense (2,073)  
Net income 4,596 1,919
Dividends declared on preferred stock 534 534
Accretion of discount on preferred stock 75 70
Net income available to common stockholders 3,987 1,315
Earnings per common share, basic and diluted (in Dollars per share) $ 1.22 $ 0.41
Weighted average common shares outstanding, basic and diluted (in Shares) 3,259,424 3,241,547
Net income 4,596 1,919
Net unrealized holding gains on securities available for sale during the period 1,195 1,687
Less reclassification adjustment for realized gains included in net income (131) (196)
Net securities gains during the period 1,064 1,491
Deferred income tax expense on unrealized holding gains on securities available for sale net of tax expense related to realized gains on securities sold (723)  
Total other comprehensive income 341 1,491
Comprehensive income $ 4,937 $ 3,410