XML 34 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest and dividend income:      
Loans, including fees $ 41,263 $ 43,462 $ 44,076
Securities:      
Taxable 1,776 2,187 2,748
Tax exempt 571 497 451
Dividends 267 275 290
Other Interest 163 93 58
Interest and dividend income 44,040 46,514 47,623
Interest expense:      
Deposits 8,436 11,053 13,683
Securities sold under agreements to repurchase 17 57 75
Other borrowed funds 627 1,348 2,085
Subordinated debentures 1,089 1,089 1,089
Interest expense 10,169 13,547 16,932
Net interest income 33,871 32,967 30,691
Provision for loan losses (4,896) (5,871) (3,212)
Net interest income after provision for loan losses 28,975 27,096 27,479
Noninterest income:      
Service charges on deposit accounts 2,218 2,202 2,816
Trust fees 215 233 227
Income from bank owned life insurance and annuity assets 725 741 1,311
Mortgage banking income 386 362 758
Electronic refund check / deposit fees 2,559 780 528
Debit/credit interchange income 1,387 998 807
Gain (loss) on sale of other real estate owned (1,224) (177) 38
Other 956 1,015 1,113
Noninterest income 7,222 6,154 7,598
Noninterest expense:      
Salaries and employee benefits 16,650 15,647 14,824
Occupancy 1,585 1,609 1,599
Furniture and equipment 1,143 1,214 1,204
Corporate franchise tax 744 745 713
FDIC insurance 1,029 1,061 1,625
Data processing 891 685 670
Foreclosed assets, net 650 67 150
Other 5,607 5,615 5,375
Noninterest income 28,299 26,643 26,160
Income before income taxes 7,898 6,607 8,917
Provision for income taxes 2,063 1,511 2,272
NET INCOME 5,835 5,096 6,645
Earnings per share (in dollars per share) $ 1.46 $ 1.28 $ 1.67
Other Comprehensive income:      
Change in unrealized gains/losses on securities, net of taxes 744 (457) (16)
Total comprehensive income $ 6,579 $ 4,639 $ 6,629