QUARTERLY FINANCIAL DATA (Unaudited)

12 Months Ended

Dec. 31, 2011

QUARTERLY FINANCIAL DATA (Unaudited) [Abstract]

QUARTERLY FINANCIAL DATA (Unaudited)

NOTE P – QUARTERLY FINANCIAL DATA (Unaudited)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter			Total
2011	(in thousands, except per share data)
Interest income		$18,404		$18,686		$19,587		$19,635			$76,312
Interest expense		4,129		4,306		4,566		4,566			17,567
Net interest income		14,275		14,380		15,021		15,069			58,745
Provision for loan losses		854		1,029		754		1,424			4,061
Noninterest income before net securities gains		1,538		1,622		1,569		1,559			6,288
Net gains on sales of securities		122		-		-		16			138
Noninterest expense		9,067		9,136		9,040		9,466			36,709
Income before income taxes		6,014		5,837		6,796		5,754			24,401
Income taxes		1,244		1,164		1,510		1,026			4,944
Net income		4,770		4,673		5,286		4,728			19,457
Earnings per share:
Basic		.55		.53		.60		.54			2.22
Diluted		.54		.53		.60		.53			2.20
Comprehensive income		9,568		10,806		13,054		5,133			38,561
2010
Interest income		$18,346		$17,852		$18,003		$18,202			$72,403
Interest expense		4,714		4,057		3,949		4,054			16,774
Net interest income		13,632		13,795		14,054		14,148			55,629
Provision for loan losses		778		820		825		1,550			3,973
Noninterest income before net securities gains		1,592		1,561		1,778		1,283			6,214
Net gains on sales of securities		566		1,153		-		-			1,719
Noninterest expense		8,977		8,955		8,945		8,949			35,826
Income before income taxes		6,035		6,734		6,062		4,932			23,763
Income taxes		1,430		1,716		1,357		868			5,371
Net income		4,605		5,018		4,705		4,064			18,392
Earnings per share:
Basic		.64		.69		.56		.47			2.36
Diluted		.63		.68		.55		.46			2.32
Comprehensive income (loss)		5,966		7,682		8,038		(8,361	)		13,325