XML 38 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest and dividend income:        
Interest and fees on loans $ 5,791 $ 4,774 $ 11,668 $ 9,160
Interest on taxable debt securities 371 566 981 1,161
Dividends 18 13 28 103
Other interest income 40 8 53 10
Total interest and dividend income 6,220 5,361 12,730 10,434
Interest expense:        
Interest on deposits 1,031 962 1,969 1,850
Interest on Federal Home Loan Bank advances 244 535 542 1,140
Interest on securities sold under agreements to repurchase 3 4 6 9
Interest on other borrowed funds 10 12 21 57
Total interest expense 1,288 1,513 2,538 3,056
Net interest and dividend income 4,932 3,848 10,192 7,378
Provision for loan losses 825 742 1,306 1,218
Net interest and dividend income after provision for loan losses 4,107 3,106 8,886 6,160
Noninterest income:        
Customer service fees 200 141 398 250
Income from bank-owned life insurance 109 88 211 196
Net gain on sales of loans 737 147 1,315 217
Net gain on sales and calls of securities       2,788
Other income 441 36 527 65
Total noninterest income 1,487 412 2,451 3,516
Noninterest expense:        
Salaries and employee benefits 3,229 2,437 6,384 4,834
Trustee fees 83 91 190 159
Occupancy expense 196 172 379 381
Equipment expense 105 83 209 161
Deposit insurance 128 86 253 225
Data processing 454 282 844 477
Professional fees 213 179 531 306
Marketing 239 260 478 482
Other expense 527 326 990 612
Total noninterest expense 5,174 3,916 10,258 7,637
Income (loss) before income tax expense (benefit) 420 (398) 1,079 2,039
Income tax expense (benefit) 134 (210) 346 698
Net income (loss) $ 286 $ (188) $ 733 $ 1,341
Earnings per share:        
Basic $ 0.03   $ 0.08  
Diluted $ 0.03   $ 0.08  
Weighted-average shares outstanding        
Basic 8,723,772   8,721,861  
Diluted 8,723,772   8,721,861