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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Interest and dividend income:    
Loans and fees on loans $ 14,403 $ 13,797
Taxable investment securities 1,277 1,631
Nontaxable investment securities 206 50
Dividends on restricted stock 100 92
Other interest income 44 49
Total interest and dividend income 16,030 15,619
Interest expense:    
Deposits 1,845 2,299
Preferred stock dividends   38
Other borrowed funds 377 402
Total interest expense 2,222 2,739
Net interest income 13,808 12,880
Provision for loan losses 125 1,408
Net interest income after provision for loan losses 13,683 11,472
Noninterest income:    
Service charges on deposit accounts 314 283
ATM and interchange income 310 231
Mortgage loan brokerage fees 282 368
Gains on sales of investment securities 152 131
Other income 386 389
Total noninterest income 1,444 1,402
Noninterest expense:    
Salaries and employee benefits 5,242 4,894
Occupancy and equipment expense 1,317 1,259
Data processing expense 596 682
Advertising and marketing expense 457 392
Professional fees 458 343
Bank franchise taxes 203 137
FDIC insurance expense 514 490
Gains, losses on sales and writedowns of other real estate owned, net 582 566
Other real estate owned expense 250 314
Directors’ fees 217 227
Other expense 1,222 1,047
Total noninterest expense 11,058 10,351
Net income before income taxes 4,069 2,523
Income tax expense (benefit) 1,340 (2,073)
Net income 2,729 4,596
Effective dividends on preferred stock 846 534
Accretion of discount on preferred stock 142 75
Net income available to common stockholders $ 1,741 $ 3,987
Basic earnings per common share (in Dollars per share) $ 0.53 $ 1.22
Diluted earnings per common share (in Dollars per share) $ 0.48 $ 1.22
Weighted average common shares outstanding (in Shares) 3,269,063 3,259,424
Diluted average common shares outstanding (in Shares) 4,416,679 3,259,424