SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (UNAUDITED)

12 Months Ended

Dec. 31, 2011

SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (UNAUDITED)

NOTE W - SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (UNAUDITED)

	Three Months Ended
	March 31			June 30		Sept. 30		Dec. 31
	(In thousands, except per share amounts)
2011
Total interest income	$	5,733		$	5,941	$	5,999	$	6,802
Total interest expense		1,482			1,430		1,267		1,217
Net interest income		4,251			4,511		4,732		5,585
Provision for loan losses		348			305		230		585
Net interest income after provision for loan losses		3,903			4,206		4,502		5,000
Total non-interest income		915			1,024		1,088		1,570
Total non-interest expense		4,524			4,293		4,479		5,574
Income tax expense		(207	)		267		365		42
Net income		501			670		746		954
Preferred dividends and stock accretion		86			85		86		85
Net income applicable to common stockholders	$	415		$	585	$	660	$	869
Per common share:
Net income, basic	$	.14		$	.19	$	.22	$	.28
Net income, diluted		.14			.19		.21		.28
Cash dividends declared		.0375			.0375		.0375		.0375
2010
Total interest income	$	5,884		$	5,944	$	5,849	$	5,776
Total interest expense		2,094			1,865		1,623		1,537
Net interest income		3,790			4,079		4,226		4,239
Provision for loan losses		165			217		372		229
Net interest income after provision for loan losses		3,625			3,862		3,854		4,010
Total non-interest income		841			986		1,054		1,014
Total non-interest expense		3,698			3,895		4,025		4,224
Income tax expense		232			304		261		58
Net income		536			649		622		742
Preferred dividends and stock accretion		76			77		75		88
Net income applicable to common stockholders	$	460		$	572	$	547	$	654
Per common share:
Net income, basic	$	.15		$	.19	$	.18	$	.22
Net income, diluted		.15			.19		.18		.22
Cash dividends declared		.075			.025		.05		-