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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income:        
Interest and fees on loans and leases $ 5,654 $ 5,758 $ 16,714 $ 17,039
Interest and dividends on investment securities: Taxable 798 779 2,382 2,555
Interest and dividends on investment securities: Exempt from federal taxes 168 95 411 96
Interest on cash and cash equivalents 6 19 26 47
Total interest and dividend income 6,626 6,651 19,533 19,737
Interest Expense:        
Interest on NOW, money market and savings 226 254 681 831
Interest on time deposits 366 527 1,203 1,711
Interest on FHLB advances 213 213 635 651
Interest on repurchase agreements 15 38 56 114
Interest on junior subordinated debentures 81 75 244 231
Interest on other borrowings 20 21 60 74
Total interest expense 921 1,128 2,879 3,612
Net interest income 5,705 5,523 16,654 16,125
Provision for credit losses 375 426 1,275 1,278
Net interest income after provision for credit losses 5,330 5,097 15,379 14,847
Non-interest Income:        
Service charges 341 290 1,010 831
Wealth management 223 158 690 587
Increase in cash surrender value of BOLI 60 61 178 181
Gains on sale of investment securities, net 161   240 2
Gain on sale of SBA loans   56 158 281
Loss on sale or write down of OREO (229) (1) (229) (1)
Other fees 323 295 895 886
Total non-interest income 879 859 2,942 2,767
Non-interest Expense:        
Salaries and employee benefits 2,268 2,159 6,755 6,504
Furniture and equipment 300 313 935 963
Occupancy 469 488 1,408 1,461
Professional and consulting 318 269 936 832
Advertising and marketing 117 141 432 488
Printing and supplies 30 29 131 111
FDIC insurance 119 124 352 433
PA shares tax 141 129 424 387
Telephone and fax 42 52 147 155
Postage Expense 26 16 64 59
Other expenses 409 397 1,230 1,070
Total non-interest expense 4,239 4,117 12,814 12,463
Income before income tax expense 1,970 1,839 5,507 5,151
Income tax expense 554 544 1,589 1,553
Net income 1,416 1,295 3,918 3,598
Preferred stock dividends and accretion of discount 37 331 295 640
Net income available to Common Shareholders $ 1,379 $ 964 $ 3,623 $ 2,958
Earnings per common share:        
Basic $ 0.51 $ 0.36 $ 1.34 $ 1.11
Diluted $ 0.50 $ 0.36 $ 1.32 $ 1.10
Cash dividends per common share $ 0.05 $ 0.03 $ 0.15 $ 0.09
Weighted average common shares outstanding:        
Basic 2,714,427 2,677,533 2,708,006 2,670,811
Diluted 2,744,819 2,696,320 2,735,471 2,693,974