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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information (Unaudited) [Abstract]  
Schedule of Quarterly Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

(In thousands, except per share data)

 

March 31

 

June 30

 

September 30

 

December 31

Total interest income

 

$

8,313 

 

$

8,401 

 

$

8,474 

 

$

8,766 

Total interest expense

 

 

1,624 

 

 

1,599 

 

 

1,603 

 

 

1,703 

Net interest income

 

 

6,689 

 

 

6,802 

 

 

6,871 

 

 

7,063 

Provision for loan losses

 

 

650 

 

 

300 

 

 

600 

 

 

800 

Net interest income after provision for loan losses

 

 

6,039 

 

 

6,502 

 

 

6,271 

 

 

6,263 

Total noninterest income

 

 

1,825 

 

 

1,658 

 

 

1,650 

 

 

1,471 

Total noninterest expense

 

 

6,126 

 

 

6,074 

 

 

5,935 

 

 

5,862 

Income before provision for income taxes

 

 

1,738 

 

 

2,086 

 

 

1,986 

 

 

1,872 

Provision for income taxes

 

 

538 

 

 

739 

 

 

684 

 

 

606 

Net income

 

 

1,200 

 

 

1,347 

 

 

1,302 

 

 

1,266 

Preferred stock dividends and discount accretion

 

 

404 

 

 

465 

 

 

119 

 

 

 -

Income available to common shareholders

 

$

796 

 

$

882 

 

$

1,183 

 

$

1,266 

Net income per common share - Basic

 

$

0.11 

 

$

0.12 

 

$

0.15 

 

$

0.17 

Net income per common share - Diluted

 

 

0.10 

 

 

0.11 

 

 

0.15 

 

 

0.17 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

(In thousands, except per share data)

 

March 31

 

June 30

 

September 30

 

December 31

Total interest income

 

$

9,058 

 

$

8,772 

 

$

8,871 

 

$

8,502 

Total interest expense

 

 

2,250 

 

 

1,915 

 

 

1,844 

 

 

1,765 

Net interest income

 

 

6,808 

 

 

6,857 

 

 

7,027 

 

 

6,737 

Provision for loan losses

 

 

1,200 

 

 

1,000 

 

 

1,000 

 

 

800 

Net interest income after provision for loan losses

 

 

5,608 

 

 

5,857 

 

 

6,027 

 

 

5,937 

Total noninterest income

 

 

1,715 

 

 

1,841 

 

 

1,774 

 

 

2,008 

Total noninterest expense

 

 

5,959 

 

 

6,204 

 

 

5,999 

 

 

6,135 

Income before provision for income taxes

 

 

1,364 

 

 

1,494 

 

 

1,802 

 

 

1,810 

Provision for income taxes

 

 

459 

 

 

518 

 

 

606 

 

 

643 

Net income

 

 

905 

 

 

976 

 

 

1,196 

 

 

1,167 

Preferred stock dividends and discount accretion

 

 

396 

 

 

401 

 

 

397 

 

 

408 

Income available to common shareholders

 

$

509 

 

$

575 

 

$

799 

 

$

759 

Net income per common share - Basic

 

$

0.07 

 

$

0.08 

 

$

0.10 

 

$

0.10 

Net income per common share - Diluted

 

 

0.07 

 

 

0.07 

 

 

0.10 

 

 

0.10