XML 45 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
QUARTERLY FINANCIAL COMPARISON (Unaudited)
 12 Months Ended
Dec. 31, 2011
QUARTERLY FINANCIAL COMPARISON (Unaudited)

NOTE 20 - QUARTERLY FINANCIAL COMPARISON (Unaudited) 

 

    2011  
    Fourth     Third     Second     First  
    Quarter     Quarter     Quarter     Quarter  
                         
Interest and dividend income   $ 10,088,665     $ 10,134,507     $ 9,904,432     $ 9,831,790  
Interest expense     3,351,796       3,378,500       3,168,429       3,222,317  
Net interest income     6,736,869       6,756,007       6,736,003       6,609,473  
Provision for loan loss     545,806       644,654       890,861       2,005,830  
Net interest income after provision     6,191,063       6,111,353       5,845,142       4,603,643  
                                 
Noninterest income     1,443,758       1,026,356       952,599       770,327  
Noninterest expense     6,937,286       5,277,394       4,923,298       5,111,224  
                                 
Income before income taxes     697,535       1,860,315       1,874,443       262,746  
Provision for income taxes     203,823       653,856       654,648       21,248  
Net income   $ 493,712     $ 1,206,459     $ 1,219,795     $ 241,498  
Preferred stock dividends     51,111       197,912       211,732       211,733  
Net income available to common shareholders   $ 442,601     $ 1,008,547     $ 1,008,063     $ 29,765  
                                 
Earnings per common share1                                
Basic   $ 0.15     $ 0.33     $ 0.33     $ 0.01  
Diluted   $ 0.15     $ 0.33     $ 0.33     $ 0.01  

 

    2010  
    Fourth     Third     Second     First  
    Quarter     Quarter     Quarter     Quarter  
                         
Interest and dividend income   $ 9,874,883     $ 9,805,485     $ 9,893,082     $ 9,963,537  
Interest expense     3,398,511       3,372,947       3,329,856       3,478,901  
Net interest income     6,476,372       6,432,538       6,563,226       6,484,636  
Provision for loan loss     1,149,441       1,121,203       804,430       858,374  
Net interest income after provision     5,326,931       5,311,335       5,758,796       5,626,262  
                                 
Noninterest income     1,079,848       994,759       744,344       761,225  
Noninterest expense     4,619,716       4,437,425       4,899,633       4,238,409  
                                 
Income before income taxes     1,787,063       1,868,669       1,603,507       2,149,078  
Provision for income taxes     621,204       669,335       567,423       784,654  
Net income   $ 1,165,859     $ 1,199,334     $ 1,036,084     $ 1,364,424  
Preferred stock dividends     211,732       211,733       211,732       211,733  
Net income available to common shareholders   $ 954,127     $ 987,601     $ 824,352     $ 1,152,691  
                                 
Earnings per common share1                                
Basic   $ 0.32     $ 0.33     $ 0.28     $ 0.39  
Diluted   $ 0.32     $ 0.33     $ 0.27     $ 0.38  

  

1 Earnings per share are based upon quarterly results and may not be additive to the annual earnings per share amounts.