XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income on:        
Loans, including fees $ 3,251 $ 3,313 $ 9,302 $ 9,932
U.S. Treasury and U.S. Government agency securities 241 240 643 705
State and municipal securities 429 428 1,273 1,283
Other 19 24 60 69
Total interest income 3,940 4,005 11,278 11,989
Interest expense on:        
Deposits 511 647 1,609 2,005
Short-term borrowings 3 1 3 2
Long-term borrowings 161 162 479 481
Total interest expense 675 810 2,091 2,488
Net interest income 3,265 3,195 9,187 9,501
Provision for credit losses   150   150
Net interest income after provision for credit losses 3,265 3,045 9,187 9,351
Other income:        
Service charges on deposit accounts 163 141 433 416
Other fees and commissions 251 225 612 603
Other non-interest income (11) 5 (1) 14
Income on life insurance 59 63 175 185
Gains on investment securities 150 62 274 118
Total other income 612 496 1,493 1,336
Other expenses:        
Salaries and employee benefits 1,720 1,660 5,048 5,118
Occupancy 192 193 589 590
Impairment of securities and stocks 15   15  
Other expenses 911 855 2,594 2,401
Total other expenses 2,838 2,708 8,246 8,109
Income before income taxes 1,039 833 2,434 2,578
Income tax expense 244 163 470 522
Net income $ 795 $ 670 $ 1,964 $ 2,056
Basic and diluted earnings per share of common stock (in dollars per share) $ 0.29 $ 0.24 $ 0.72 $ 0.75
Weighted average shares of common stock outstanding (in shares) 2,743,679 2,729,928 2,741,388 2,726,258
Dividends declared per share of common stock (in dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.30