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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income:    
Interest and fees on loans $ 7,094 $ 7,647
Interest on securities 1,114 1,069
Interest on tax-exempt securities 652 623
Interest on interest bearing deposits 140 138
Total interest income 9,000 9,477
Interest expense:    
Interest on demand deposits 121 139
Interest on savings deposits 57 71
Interest on certificates of deposit 662 697
Interest on securities sold under repurchase agreements   4
Interest on other borrowings (13) 60
Total interest expense 827 971
Net interest income 8,173 8,506
Provision for loan losses   1,050
Net interest income after provision for loan losses 8,173 7,456
Noninterest income:    
Service charges on deposit accounts 44 46
Payroll and benefit processing fees 135 128
Earnings on cash surrender value – Bank owned life insurance 126 156
(Loss) Gain on investment securities, net (245) 189
Merchant credit card service income, net 26 33
Other income 278 272
Total noninterest income 364 824
Noninterest expense:    
Salaries and related benefits 3,622 2,924
Occupancy and equipment expense 642 574
Write down of other real estate owned 290  
Federal Deposit Insurance Corporation insurance premium 191 88
Data processing fees 194 134
Professional service fees 264 269
Deferred compensation expense 115 155
Other expenses 2,466 1,318
Total noninterest expense 7,784 5,462
Income before provision for income taxes 753 2,818
Provision for income taxes 188 778
Net income 565 2,040
Less: Preferred dividends on preferred stock 50 50
Income available to common shareholders $ 515 $ 1,990
Basic earnings per share (in Dollars per share) $ 0.04 $ 0.13
Average basic shares (in Shares) 13,942 15,686
Diluted earnings per share (in Dollars per share) $ 0.04 $ 0.13
Average diluted shares (in Shares) 13,987 15,703