XML 57 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income:        
Loans and leases $ 13,038 $ 13,049 $ 25,764 $ 25,969
Securities income 854 1,106 1,685 2,224
Short-term investments 51 19 127 52
Total interest income 13,943 14,174 27,576 28,245
Interest expense:        
Deposits 3,332 4,350 7,076 9,000
Notes payable and other borrowings 724 578 1,410 1,240
Junior subordinated notes 278 277 555 552
Total interest expense 4,334 5,205 9,041 10,792
Net interest income 9,609 8,969 18,535 17,453
Provision for loan and lease losses 2,045 1,474 2,549 2,878
Net interest income after provision for loan and lease losses 7,564 7,495 15,986 14,575
Non-interest income:        
Trust and investment services fee income 755 655 1,442 1,296
Service charges on deposits 493 417 972 790
Loan fees 345 368 743 699
Increase in cash surrender value of bank-owned life insurance 176 168 346 335
Credit, merchant and debit card fees 64 58 119 111
Other 71 78 132 187
Total non-interest income 1,904 1,744 3,754 3,418
Non-interest expense:        
Compensation 4,226 3,836 8,231 7,573
Occupancy 332 358 664 699
Professional fees 447 345 879 772
Data processing 350 324 667 634
Marketing 279 248 545 527
Equipment 122 105 234 219
FDIC insurance 533 571 1,120 1,330
Collateral liquidation costs 79 177 187 419
Net loss on foreclosed properties 67 79 242 130
Other 697 595 1,195 1,096
Total non-interest expense 7,132 6,638 13,964 13,399
Income before income tax expense 2,336 2,601 5,776 4,594
Income tax expense 771 88 2,001 732
Net income $ 1,565 $ 2,513 $ 3,775 $ 3,862
Earnings per common share:        
Basic $ 0.60 $ 0.97 $ 1.44 $ 1.49
Diluted $ 0.60 $ 0.97 $ 1.44 $ 1.49
Dividends declared per share $ 0.07 $ 0.07 $ 0.14 $ 0.14