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Consolidated Statements of Operations (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 Income:        
Interest and fees on loans and leases $ 5,555 $ 5,675 $ 11,060 $ 11,281
Interest and dividends on investment securities: Taxable 861 939 1,584 1,776
Interest and dividends on investment securities: Exempt from federal taxes 122 1 243 1
Interest on cash and cash equivalents 10 19 20 28
Total interest and dividend income 6,548 6,634 12,907 13,086
Interest Expense:        
Interest on NOW, money market and savings 232 280 455 577
Interest on time deposits 403 584 837 1,184
Interest on FHLB advances 211 211 422 438
Interest on repurchase agreements 19 39 41 76
Interest on junior subordinated debentures 82 76 163 156
Interest on other borrowings 20 21 40 53
Total interest expense 967 1,211 1,958 2,484
Net interest income 5,581 5,423 10,949 10,602
Provision for credit losses 475 426 900 852
Net interest income after provision for credit losses 5,106 4,997 10,049 9,750
Non-interest Income:        
Service charges 329 265 669 541
Wealth management 234 221 467 429
Increase in cash surrender value of BOLI 59 60 118 120
Gains on sale of investment securities, net 79 1 79 2
Gain on sale of SBA loans 158 93 158 225
Other fees 299 307 572 591
Total non-interest income 1,158 947 2,063 1,908
Non-interest Expense:        
Salaries and employee benefits 2,174 2,145 4,487 4,345
Furniture and equipment 316 319 635 650
Occupancy 463 447 939 973
Professional and consulting 306 264 618 563
Advertising and marketing 137 191 315 347
Printing and supplies 65 45 101 82
FDIC insurance 126 117 233 309
PA shares tax 141 129 283 258
Telephone and fax 54 54 105 102
Other expenses 493 381 859 717
Total non-interest expense 4,275 4,092 8,575 8,346
Income before income tax expense 1,989 1,852 3,537 3,312
Income tax expense 589 564 1,035 1,009
Net income 1,400 1,288 2,502 2,303
Preferred stock dividends and accretion of discount 130 154 258 309
Net income available to Common Shareholders $ 1,270 $ 1,134 $ 2,244 $ 1,994
Earnings per common share:        
Basic $ 0.47 $ 0.43 $ 0.83 $ 0.75
Diluted $ 0.46 $ 0.42 $ 0.82 $ 0.74
Cash dividends per common share $ 0.05 $ 0.03 $ 0.1 $ 0.06
Weighted average common shares outstanding:        
Basic 2,707,662 2,670,406 2,704,816 2,667,394
Diluted 2,735,808 2,689,998 2,730,800 2,692,813