XML 18 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income:        
Loans, including fees $ 12,827 $ 13,517 $ 25,455 $ 26,860
Investment securities 4,510 3,955 8,830 7,374
Federal funds sold   3   7
Interest-bearing deposits in other banks 38 94 85 182
Total interest income 17,375 17,569 34,370 34,423
Interest expense:        
Deposits 3,842 5,319 7,922 10,686
Securities sold under repurchase agreements 1 5 3 16
Other borrowings 663 891 1,377 1,845
Total interest expense 4,506 6,215 9,302 12,547
Net interest income 12,869 11,354 25,068 21,876
Provision for loan losses 3,424 3,794 6,664 7,082
Net interest income after provision for loan losses 9,445 7,560 18,404 14,794
Noninterest income:        
Service charges and fees on deposits 1,750 1,748 3,328 3,343
Gain on sales of loans 1,720 2,223 2,927 3,576
Gain on sale of fixed assets     17 27
Investment securities gains (losses), net (30) 149 118 162
Other-than-temporary loss        
Total impairment loss     (127)  
Loss recognized in other comprehensive income     65  
Other-than-temporary impairment losses     (62)  
Retail investment income 507 416 964 751
Trust service fees 292 290 565 577
Increase in cash surrender value of bank-owned life insurance 248 223 466 452
Miscellaneous income 191 156 404 317
Total noninterest income 4,678 5,205 8,727 9,205
Noninterest expense:        
Salaries and other personnel expense 5,654 5,915 11,218 11,409
Occupancy expenses 1,112 1,166 2,227 2,337
Other real estate losses, net 366 414 461 328
Other operating expenses 2,931 3,067 5,932 5,920
Total noninterest expense 10,063 10,562 19,838 19,994
Income before income taxes 4,060 2,203 7,293 4,005
Income tax expense 1,255 583 2,186 1,130
Net income 2,805 1,620 5,107 2,875
Comprehensive income $ 8,336 $ 4,141 $ 9,686 $ 7,931
Basic net income per share $ 0.42 $ 0.24 $ 0.76 $ 0.43
Diluted net income per share $ 0.42 $ 0.24 $ 0.76 $ 0.43
Weighted average common shares outstanding 6,676,467 6,673,925 6,676,161 6,673,631
Weighted average number of common and common equivalent shares outstanding 6,676,467 6,673,968 6,676,161 6,673,631