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Consolidated Statements of Income and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest and dividend income:        
Loans, including fees $ 8,933 $ 10,090 $ 18,897 $ 21,389
Securities        
Taxable 446 473 872 918
Tax exempt 148 137 293 280
Dividends 67 70 138 141
Other Interest 63 47 122 114
9,657 10,817 20,322 22,842
Interest expense:        
Deposits 1,302 2,227 2,676 4,583
Other borrowed funds 123 164 248 358
Subordinated debentures 179 272 433 544
1,604 2,663 3,357 5,485
Net interest income 8,053 8,154 16,965 17,357
Provision for loan losses 524 759 1,840 3,703
Net interest income after provision for loan losses 7,529 7,395 15,125 13,654
Noninterest income:        
Service charges on deposit accounts 460 553 910 1,093
Trust fees 51 56 100 115
Income from bank owned life insurance and annuity assets 200 182 394 361
Mortgage banking income 135 60 232 137
Electronic refund check / deposit fees 226 265 2,264 2,533
Debit / credit card interchange income 421 344 816 644
Gain on sale of other real estate owned 143 5 151 10
Other 338 222 586 453
1,974 1,687 5,453 5,346
Noninterest expense:        
Salaries and employee benefits 4,185 4,084 8,453 8,107
Occupancy 383 378 785 804
Furniture and equipment 235 282 472 562
FDIC insurance 275 285 566 612
Data processing 229 215 508 451
Foreclosed assets, net 65 31 175 57
Other 1,790 1,706 3,535 3,486
7,162 6,981 14,494 14,079
Income before income taxes 2,341 2,101 6,084 4,921
Provision for income taxes 622 546 1,743 1,333
NET INCOME 1,719 1,555 4,341 3,588
Other comprehensive income:        
Change in unrealized gain/losses on securities, net of taxes 321 657 425 769
Comprehensive income $ 2,040 $ 2,212 $ 4,766 $ 4,357
Earnings per share (in Dollars per share) $ 0.43 $ 0.39 $ 1.08 $ 0.90