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Consolidated Statements Of Income (Unaudited) (USD $)
In Thousands, except 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 and fees on loans $ 3,575 $ 3,431 $ 7,050 $ 6,809
Taxable investment securities 359 439 691 911
Nontaxable investment securities 40 9 63 12
Dividends on restricted stock 23 21 48 39
Other interest income 11 12 21 27
Total interest income 4,008 3,912 7,873 7,798
Interest expense:        
Deposits 467 581 943 1,221
Preferred stock dividends       38
Other borrowed funds 93 97 187 212
Total interest expense 560 678 1,130 1,471
Net interest income 3,448 3,234 6,743 6,327
Provision for loan losses   1,088 125 1,278
Net interest income after provision for loan losses 3,448 2,146 6,618 5,049
Noninterest income:        
Service charges on deposit accounts 82 64 150 138
ATM and interchange income 79 63 153 110
Mortgage loan brokerage fees 83 78 163 152
Gains on sales of investment securities 106 127 108 127
Other income 103 74 196 141
Total noninterest income 453 406 770 668
Noninterest expense:        
Salaries and employee benefits 1,341 1,138 2,717 2,365
Occupancy and equipment expense 321 310 641 635
Data processing expense 94 168 285 335
Advertising and marketing expense 125 77 265 197
Professional fees 161 105 297 194
Bank franchise taxes 50 33 101 69
FDIC insurance expense 129 122 271 243
Loss on sales and writedowns of other real estate owned 349 32 351 35
Other real estate owned expense 49 72 101 177
Directors’ fees 57 61 110 117
Other expense 263 295 500 553
Total noninterest expense 2,939 2,413 5,639 4,920
Net income before income taxes 962 139 1,749 797
Income tax expense (benefit) 320 44 582 (2,658)
Net income 642 95 1,167 3,455
Effective dividends on preferred stock 134 134 267 267
Accretion of discount on preferred stock 20 18 40 37
Net income (loss) available to common shareholders $ 488 $ (57) $ 860 $ 3,151
Basic earnings (loss) per common share (in Dollars per share) $ 0.15 $ (0.02) $ 0.26 $ 0.97
Diluted earnings (loss) per common share (in Dollars per share) $ 0.15 $ (0.02) $ 0.26 $ 0.97
Weighted average common shares outstanding (in Shares) 3,270,299 3,262,518 3,267,806 3,256,296
Diluted average common shares outstanding (in Shares) 3,344,145 3,262,518 3,304,933 3,256,296