XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income:        
Loans $ 4,242 $ 4,624 $ 13,258 $ 14,652
Mortgage-backed securities 712 902 2,213 2,437
Investment securities-taxable 532 622 1,622 1,934
Investment securities-tax-exempt 277 349 896 1,127
Other 21 25 50 67
Total interest income 5,784 6,522 18,039 20,217
Interest expense        
Deposits 967 1,083 3,013 3,353
Securities sold under agreement to repurchase 765 1,007 2,501 3,461
Short-term borrowings 1 1 3 5
Long-term debt 516 675 1,639 2,025
Subordinated debt 102 102 306 305
Total interest expense 2,351 2,868 7,462 9,149
Net interest income 3,433 3,654 10,577 11,068
Provision for loan losses 600 300 1,275 900
Net interest income after provision for loan losses 2,833 3,354 9,302 10,168
Non-interest income:        
Other-than-temporary impairment losses   (55) (1,131) (2,450)
Non-credit related losses recognized in other comprehensive income     180 1,039
Net impairment losses recognized in earnings   (55) (951) (1,411)
Loan service charges and fees 195 133 582 491
Realized gains on sales of securities, net     381 586
Gain on sales of loans 200 21 558 249
(Loss) gain on loan interest rate swaps (6) (2) (4) 12
Deposit service charges and fees 279 309 875 909
ATM fees 268 258 786 733
Non-insured investment products 60 46 167 152
Earnings on cash surrender value of life insurance 64 63 191 191
Other 141 49 426 193
Total non-interest income 1,201 822 3,011 2,105
Non-interest expense:        
Compensation and benefits 2,212 2,130 6,585 6,492
Office occupancy and equipment expense 261 258 800 786
Depreciation and amortization 128 142 403 429
Advertising   100 200 300
Professional fees 106 102 328 336
Service bureau expense 149 147 446 444
Federal deposit insurance premiums 224 225 665 820
Other 841 634 2,212 1,737
Total non-interest expense 3,921 3,738 11,639 11,344
Income before provision for (benefit of) income taxes 113 438 674 929
Provision for (benefit of) Income Taxes (68) 25 (182) (9)
Net Income 181 413 856 938
Preferred stock dividend (88) (88) (263) (263)
Accretion of preferred stock discount (15) (15) (45) (45)
Net income available to common stockholders $ 78 $ 310 $ 548 $ 630
Earnings per Share:        
Basic earnings per common share $ 0.03 $ 0.10 $ 0.18 $ 0.21
Diluted earnings per common share $ 0.03 $ 0.10 $ 0.17 $ 0.21
Dividends per common share $ 0.02 $ 0.02 $ 0.06 $ 0.06