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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
INTEREST INCOME        
Interest and fees on loans $ 5,575 $ 5,550 $ 11,269 $ 11,122
Interest-bearing deposits in other institutions 9 9 14 17
Federal funds sold 6 4 9 8
Investment securities:        
Taxable interest 526 625 1,035 1,299
Tax-exempt interest 783 744 1,538 1,477
Dividends on stock 20 15 43 38
Total interest income 6,919 6,947 13,908 13,961
INTEREST EXPENSE        
Deposits 929 1,219 1,869 2,516
Short-term borrowings 38 47 73 99
Other borrowings 32 44 64 90
Trust preferred securities 34 47 60 81
Total interest expense 1,033 1,357 2,066 2,786
NET INTEREST INCOME 5,886 5,590 11,842 11,175
Provision for loan losses 120 300 300 613
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 5,766 5,290 11,542 10,562
NONINTEREST INCOME        
Service charges on deposit accounts 469 511 910 958
Investment securities (losses) gains, net 64 (10) 58 175
Earnings on bank-owned life insurance 68 75 135 143
Other income 256 243 469 411
Total noninterest income 857 819 1,572 1,687
NONINTEREST EXPENSE        
Salaries and employee benefits 2,268 1,906 4,284 3,777
Occupancy expense 275 248 596 522
Equipment expense 194 186 414 375
Data processing costs 224 187 438 400
Ohio state franchise tax 93 149 176 303
Federal deposit insurance expense 97 64 229 218
Professional fees 338 291 625 567
(Gain) loss on sale of other real estate owned 75 (13) 70 (5)
Advertising expense 124 111 247 223
Other real estate expense 102 90 165 196
Directors fees 118 133 204 238
Other expense 690 596 1,379 1,135
Total noninterest expense 4,598 3,948 8,827 7,949
Income before income taxes 2,025 2,161 4,287 4,300
Income taxes 414 476 913 958
NET INCOME $ 1,611 $ 1,685 $ 3,374 $ 3,342
EARNINGS PER SHARE        
Basic (in Dollars per share) $ 0.79 $ 0.84 $ 1.66 $ 1.66
Diluted (in Dollars per share) $ 0.79 $ 0.83 $ 1.65 $ 1.66
DIVIDENDS DECLARED PER SHARE (in Dollars per share) $ 0.26 $ 0.26 $ 0.52 $ 0.52