SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (UNAUDITED)

12 Months Ended

Dec. 31, 2011

SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (UNAUDITED) [Abstract]

SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (UNAUDITED)

NOTE Q – SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS      (UNAUDITED)

	Three Months Ended
	Mar. 31			Jun. 30		Sept. 30			Dec. 31
	(In thousands, except per share data)
2011
Total interest income	$	4,635		$	4,738	$	4,752		$	4,500
Total interest expense		779			817		719			758
Net interest income		3,856			3,921		4,033			3,742
Provision for loan losses		430			1,076		1,066			276
Net interest income after provision for loan losses		3,426			2,845		2,967			3,466
Total noninterest income, excluding
securities gains		1,594			1,668		1,598			1,669
Securities gains		-			245		37			66
Total noninterest expenses		4,428			4,260		4,341			4,344
Income taxes (benefit)		(36	)		31		(50	)		47
Net income		628			467		311			810
Preferred dividends		167			152		132			89
Net income applicable to common
shareholders	$	461		$	315	$	179		$	721
Per share:
Net income per common shareholders	$	0.16		$	0.11	$	0.06		$	0.25
Cash dividends declared		-			-		-			0.50
Weighted Average Shares		2,883,209			2,883,308		2,883,309			2,883,309

	Three Months Ended
	Mar. 31		Jun. 30		Sept. 30			Dec. 31
	(In thousands, except per share data)
2010
Total interest income	$	4,873	$	5,050	$	5,010		$	4,852
Total interest expense		1,051		1,100		1,060			1,065
Net interest income		3,822		3,950		3,950			3,787
Provision for loan losses		276		576		376			1,097
Net interest income after provision for loan losses		3,546		3,374		3,574			2,690
Total noninterest income, excluding
securities gains		1,494		1,566		1,753			1,531
Securities gains		-		5		5			1
Total noninterest expenses		4,414		4,004		5,176			4,899
Income taxes (benefit)		11		197		(136	)		(328	)
Net income (loss)		615		744		292			(349	)
Preferred dividends		289		280		293			152
Net income (loss) applicable to common
shareholders	$	326	$	464	$	(1	)	$	(501	)
Per share:
Net income (loss) per common shareholders	$	0.11	$	0.16	$	(0.00	)	$	(0.17	)
Cash dividends declared		-		-		-			0.50
Weighted Average Shares		2,883,159		2,883,159		2,883,159			2,883,190