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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income:        
Loans, including fees $ 3,707 $ 4,074 $ 7,397 $ 8,269
Taxable securities 312 337 609 667
Tax-exempt securities 147 186 298 364
Other interest income 7 8 13 16
Total interest income 4,173 4,605 8,317 9,316
Interest expense:        
Deposits 736 918 1,493 1,883
Securities sold under agreements to repurchase 1   2 1
Other interest bearing liabilities 4 6 9 12
Total interest expense 741 924 1,504 1,896
Net interest income 3,432 3,681 6,813 7,420
Provision for loan losses 86 69 166 1,177
Net interest income after provision for loan losses 3,346 3,612 6,647 6,243
Non-interest income:        
Customer service fees 310 321 620 634
Dedit card fee income 205 205 399 409
Earnings on bank-owned life insurance and annuities 108 105 205 211
Trust fees 85 114 174 220
Commissions from sales of non-deposit products 103 73 219 160
Income from unconsolidated subsidiary 50 61 104 118
Fees derived from loan activity 52 56 112 95
Gain on sales of loans 85 140 181 205
Gains on calls of securities   2 1 2
Gain from life insurance proceeds   53   53
Other non-interest income 57 65 117 130
Total non-interest income 1,055 1,195 2,132 2,237
Non-interest expense:        
Employee compensation expense 1,387 1,289 2,610 2,567
Employee benefits 384 478 846 1,013
Occupancy 240 229 485 458
Equipment 114 126 234 259
Data processing expense 361 354 715 710
Director compensation 56 60 113 119
Professional fees 91 93 186 181
Taxes, other than income 119 113 242 231
FDIC Insurance premiums 82 81 172 160
(Gain) loss on sales of other real estate owned (8) (3) (34) (1)
Amortization of intangibles 11 11 22 22
Amortization of investment in low income housing partnership 145   145  
Other non-interest expense 348 389 629 746
Total non-interest expense 3,330 3,220 6,365 6,465
Income before income taxes 1,071 1,587 2,414 2,015
Provision for income taxes 62 372 399 382
Net income $ 1,009 $ 1,215 $ 2,015 $ 1,633
Earnings per share        
Basic earnings per share $ 0.24 $ 0.29 $ 0.48 $ 0.39
Diluted earnings per share $ 0.24 $ 0.29 $ 0.48 $ 0.39
Cash dividends declared per share $ 0.22 $ 0.22 $ 0.44 $ 0.44
Weighted average basic shares outstanding 4,218,206 4,231,690 4,218,283 4,229,954
Weighted average diluted shares outstanding 4,219,606 4,234,321 4,219,570 4,232,842