XML 97 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income:      
Loans, including fees $ 16,092 $ 17,857 $ 19,537
Taxable securities 1,311 1,240 973
Tax-exempt securities 738 901 1,016
Other interest income 29 35 48
Total interest income 18,170 20,033 21,574
Interest expense:      
Deposits 3,621 4,560 5,387
Securities sold under agreements to repurchase 4 3 3
Short-term borrowings 1 1 1
Long-term debt     99
Other interest bearing liabilities 22 27 12
Total interest expense 3,648 4,591 5,502
Net interest income 14,522 15,442 16,072
Provision for loan losses 1,411 364 741
Net interest income after provision for loan losses 13,111 15,078 15,331
Non-interest income:      
Customer service fees 1,282 1,346 1,428
Dedit card fee income 809 792 554
Earnings on bank-owned life insurance and annuities 450 478 510
Trust fees 379 388 378
Commissions from sales of non-deposit products 353 273 358
Income from unconsolidated subsidiary 249 263 250
Fees derived from loan activity 197 152 142
Gain on sales of loans 567    
Gain on sale or call of securities 2 6 31
Securities impairment charge     (40)
Gain from life insurance proceeds 53    
Other non-interest income 251 248 244
Total non-interest income 4,592 3,946 3,855
Non-interest expense:      
Employee compensation expense 5,190 5,258 5,052
Employee benefits 2,096 1,686 1,565
Occupancy 929 957 939
Equipment 510 569 565
Data processing expense 1,440 1,326 1,397
Director compensation 234 284 335
Professional fees 362 462 515
Taxes, other than income 438 496 469
FDIC Insurance premiums 327 369 534
Loss (gain) on sales of other real estate owned 34 (56) (79)
Amortization of intangibles 45 45 45
Other non-interest expense 1,472 1,406 1,304
Total non-interest expense 13,077 12,802 12,641
Income before income taxes 4,626 6,222 6,545
Provision for income taxes 978 1,542 1,630
Net income $ 3,648 $ 4,680 $ 4,915
Earnings per share      
Basic earnings per share $ 0.86 $ 1.10 $ 1.14
Diluted earnings per share $ 0.86 $ 1.10 $ 1.14
Cash dividends declared per share $ 0.88 $ 0.86 $ 0.82
Weighted average basic shares outstanding 4,231,404 4,241,286 4,297,443
Weighted average diluted shares outstanding 4,233,448 4,244,507 4,300,966