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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest Income        
Interest and fees on loans $ 8,753 $ 9,107 $ 17,631 $ 18,202
Interest on interest-bearing deposits 56 35 127 67
Interest on securities - taxable 1,782 1,713 3,371 3,375
Interest on securities - nontaxable 1,591 1,620 3,167 3,296
Total interest income 12,182 12,475 24,296 24,940
Interest Expense        
Interest on time deposits of $100,000 or more 391 505 816 1,066
Interest on other deposits 1,627 1,841 3,319 3,659
Total interest expense 2,018 2,346 4,135 4,725
Net interest income 10,164 10,129 20,161 20,215
Provision for loan losses 1,104 753 1,776 1,553
Net interest income after provision for loan losses 9,060 9,376 18,385 18,662
Noninterest Income        
Service charges on deposit accounts 651 648 1,282 1,260
Other service charges and fees 41 59 90 117
Credit card fees 840 827 1,634 1,560
Trust income 440 307 766 553
BOLI income 200 186 400 370
Other income 112 77 211 168
Realized securities gains (losses), net (1) (14) 52 (4)
Total noninterest income 2,283 2,090 4,435 4,024
Noninterest Expense        
Salaries and employee benefits 2,954 2,823 5,910 5,727
Occupancy and furniture and fixtures 397 435 794 858
Data processing and ATM 424 429 816 873
FDIC assessment 101 350 210 696
Credit card processing 638 646 1,210 1,232
Intangible assets amortization 271 271 542 542
Net costs of other real estate owned 103 95 151 229
Franchise taxes 226 215 388 457
Other operating expenses 617 761 1,421 1,495
Total noninterest expense 5,731 6,025 11,442 12,109
Income before income taxes 5,612 5,441 11,378 10,577
Income tax expense 1,272 1,225 2,609 2,337
Net Income $ 4,340 $ 4,216 $ 8,769 $ 8,240
Basic net income per share (in dollars per share) $ 0.63 $ 0.61 $ 1.26 $ 1.19
Fully diluted net income per share (in dollars per share) $ 0.62 $ 0.61 $ 1.26 $ 1.19
Weighted average number of common shares outstanding - basic (in shares) 6,939,974 6,936,501 6,939,974 6,935,148
Weighted average number of common shares outstanding - diluted (in shares) 6,957,445 6,946,852 6,956,041 6,952,159
Dividends declared per share (in dollars per share) $ 0.53 $ 0.48 $ 0.53 $ 0.48