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Consolidated Statement of Income (Unaudited) (USD $)
In Thousands, except Per 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 $ 5,641 $ 5,399 $ 11,178 $ 10,700
Interest-bearing deposits in other institutions 8 2 12 4
Federal funds sold 4 4 7 13
Investment securities:        
Taxable interest 791 1,289 1,706 2,612
Tax-exempt interest 753 702 1,500 1,400
Dividends on stock 26 25 52 51
Total interest income 7,223 7,421 14,455 14,780
INTEREST EXPENSE        
Deposits 1,434 2,004 2,931 4,041
Short-term borrowings 99 59 158 118
Other borrowings 82 104 166 213
Trust preferred securities 31 137 77 273
Total interest expense 1,646 2,304 3,332 4,645
NET INTEREST INCOME 5,577 5,117 11,123 10,135
Provision for loan losses 450 700 1,050 1,565
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 5,127 4,417 10,073 8,570
NONINTEREST INCOME        
Service charges on deposit accounts 471 416 902 844
Investment securities gains (losses), net 296 (37) 296 (22)
Earnings on bank-owned life insurance 69 66 137 139
Other income 181 149 476 332
Total noninterest income 1,017 594 1,811 1,293
NONINTEREST EXPENSE        
Salaries and employee benefits 1,800 1,944 3,550 3,634
Occupancy expense 222 223 470 495
Equipment expense 201 155 371 313
Data processing costs 191 173 390 353
Ohio state franchise tax 128 97 257 225
Federal deposit insurance expense 258 272 501 497
Professional fees 186 185 400 396
Losses on other real estate owned 32 323 50 303
Other expense 1,023 920 1,834 1,781
Total noninterest expense 4,041 4,292 7,823 7,997
Income before income taxes 2,103 719 4,061 1,866
Income taxes (benefit) 463 (1) 898 144
NET INCOME $ 1,640 $ 720 $ 3,163 $ 1,722
EARNINGS PER SHARE        
Basic (in Dollars per share) $ 0.85 $ 0.44 $ 1.72 $ 1.05
Diluted (in Dollars per share) $ 0.85 $ 0.44 $ 1.72 $ 1.05
DIVIDENDS DECLARED PER SHARE (in Dollars per share) $ 0.26 $ 0.26 $ 0.52 $ 0.52