XML 31 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Interest Income    
Interest and fees on loans $ 26,419 $ 26,696
Interest and dividends on investment securities: Taxable 7,009 7,021
Interest and dividends on investment securities: Tax-exempt 2,748 2,426
Interest on interest-bearing balances and other interest income 41 40
Total interest income 36,217 36,183
Interest Expense    
Interest on deposits: Interest-bearing demand 804 911
Interest on deposits: Money market 317 568
Interest on deposits: Savings 1,184 739
Interest on deposits: Time 2,977 4,420
Interest on deposits: Time of $100,000 or more 1,637 2,306
Interest on short-term borrowings 194 269
Interest on long-term debt 978 1,057
Total interest expense 8,091 10,270
Net interest income 28,126 25,913
Provision for loan losses 2,700 3,800
Net interest income after provision for loan losses 25,426 22,113
Non-Interest Income    
Total other-than-temporary impairment loss on investment securities (97) (337)
Less: Portion of loss recognized in other comprehensive income (before taxes)   27
Net other-than temporary impairment losses on investment securities (97) (310)
Net gain on sale of investment securities 46 309
Net loss on investment securities (51) (1)
Fees for services to customers 1,388 1,571
ATM and debit card 1,409 1,228
Bank-owned life insurance 372 314
Merchant 321 278
Net gain on sale of loans 352 494
Other 435 455
Total non-interest income 4,226 4,339
Non-Interest Expense    
Salaries and employee benefits 9,860 8,999
Net occupancy 1,546 1,535
Furniture and equipment 1,308 1,202
Marketing 736 737
Third-party services 1,267 1,116
Telephone, postage, and supplies 605 612
State taxes 602 561
FDIC insurance premiums 781 1,041
Other 1,591 1,598
Total non-interest expense 18,296 17,401
Income before income taxes 11,356 9,051
Provision for income taxes 2,476 1,834
Net Income $ 8,880 $ 7,217
Earnings Per Share - Basic $ 2.82 $ 2.32
Earnings Per Share - Diluted $ 2.81 $ 2.32