Quarterly Financial Comparison (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Comparison (Unaudited) [Abstract]

Quarterly Financial Comparison (Unaudited)

NOTE 22 - QUARTERLY FINANCIAL COMPARISON (Unaudited)

	2013
	Fourth	Third	Second	First
(dollars in thousands)	Quarter	Quarter	Quarter	Quarter
Interest and dividend income	$               10,112	$                9,975	$                9,750	$                9,841
Interest expense	1,732	1,873	2,018	2,023
Net interest income	8,380	8,102	7,732	7,818
Provision for loan loss	300	286	200	154
Net interest income after provision	8,080	7,816	7,532	7,664
Noninterest income	797	1,119	1,069	1,189
Noninterest expense	6,348	6,245	6,107	6,144
Income before income taxes	2,529	2,690	2,494	2,709
Provision for income taxes	885	987	909	990
Net Income (NI)	$                1,644	$                1,703	$                1,585	$                1,719
Preferred stock dividends	50	50	50	50
NI Available to Common Shareholders	$                1,594	$                1,653	$                1,535	$                1,669
Earnings Per Common Share1
Basic	$                  0.35	$                  0.55	$                  0.51	$                  0.55
Diluted	$                  0.35	$                  0.55	$                  0.51	$                  0.54

	2012
	Fourth	Third	Second	First
(dollars in thousands)	Quarter	Quarter	Quarter	Quarter
Interest and dividend income	$               10,195	$                9,887	$               10,103	$               10,108
Interest expense	2,276	2,539	2,765	3,024
Net interest income	7,919	7,348	7,338	7,084
Provision for loan loss	1,005	746	437	341
Net interest income after provision	6,914	6,602	6,901	6,743
Noninterest income	1,365	1,302	897	846
Noninterest expense	5,942	5,601	6,364	5,897
Income before income taxes	2,337	2,303	1,434	1,692
Provision for income taxes	866	830	493	587
Net Income (NI)	$                1,471	$                1,473	$                   941	$                1,105
Preferred stock dividends	50	50	50	50
NI Available to Common Shareholders	$                1,421	$                1,423	$                   891	$                1,055
Earnings Per Common Share1
Basic	$                  0.47	$                  0.47	$                  0.29	$                  0.35
Diluted	$                  0.47	$                  0.47	$                  0.29	$                  0.35

(1)Earnings per share are based upon quarterly results and, when added, may not total the annual earnings per share amounts. In October 2013, the Company issued 1,591,300 shares of common stock at a price of $18.75 per share resulting in net proceeds of $27.4 million after commissions and related offering expenses. The additional shares outstanding impacted year to year comparability of per share earnings beginning with fourth quarter 2013 results.