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Consolidated Statements of Net Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest and dividend income:        
Loans receivable, including fees $ 4,098 $ 4,288 $ 8,297 $ 8,600
Securities:        
Taxable 470 578 887 1,147
Exempt from federal income tax 295 288 562 586
Federal bank stocks 17 15 35 31
Interest earning deposits with banks 18 29 31 50
Total interest and dividend income 4,898 5,198 9,812 10,414
Interest expense:        
Deposits 805 1,027 1,643 2,096
Borrowed funds 194 235 392 470
Total interest expense 999 1,262 2,035 2,566
Net interest income 3,899 3,936 7,777 7,848
Provision for loan losses 153 115 295 228
Net interest income after provision for loan losses 3,746 3,821 7,482 7,620
Noninterest income:        
Fees and service charges 428 375 826 731
Commissions on financial services 76 139 139 225
Title premiums 27 16 49 33
Net gain on sales of available for sale securities 99 538 184 962
Earnings on bank-owned life insurance 96 62 192 124
Other 305 291 571 565
Total noninterest income 1,031 1,421 1,961 2,640
Noninterest expense:        
Compensation and employee benefits 1,932 1,867 3,837 3,810
Premises and equipment 527 500 1,069 1,019
Intangible asset amortization 73 93 145 186
Professional fees 178 175 355 375
Federal deposit insurance 102 94 208 190
Other 820 835 1,593 1,618
Total noninterest expense 3,632 3,564 7,207 7,198
Income before provision for income taxes 1,145 1,678 2,236 3,062
Provision for income taxes 206 422 439 768
Net income 939 1,256 1,797 2,294
Preferred stock dividends 125 125 250 250
Net income available to common stockholders $ 814 $ 1,131 $ 1,547 $ 2,044
Basic earnings per common share (in dollars per share) $ 0.46 $ 0.65 $ 0.88 $ 1.17
Diluted earnings per common share (in dollars per share) $ 0.46 $ 0.65 $ 0.87 $ 1.17
Average common shares outstanding (in shares) 1,762,158 1,751,908 1,761,546 1,751,908