Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Results of Operations (Unaudited) [Abstract]

Quarterly Results of Operations (Unaudited)

Note 20.   Quarterly Results of Operations (Unaudited)

	Year Ended December 31, 2011
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
	(In thousands, except per share amounts)
Interest income	$	5,176	$	5,120	$	4,987	$	4,932
Interest expense		1,606		1,523		1,335		1,225
Net interest income		3,570		3,597		3,652		3,707
Provision for loan losses		300		485		350		1,000
Net interest income after
provision for loan losses		3,270		3,112		3,302		2,707
Noninterest income:
Fees and service charges		1,150		1,231		1,247		1,089
Abstract fees		131		152		141		137
Mortgage banking income		116		108		247		220
Loan prepayment fees		1		12		2		28
Other income		371		397		382		414
Total noninterest income		1,769		1,900		2,019		1,888
Investment securities gains (losses), net:
Total other-than-temporary impairment losses		-		-		-		-
Portion of loss recognized in other
comprehensive income (loss) before taxes		-		-		-		-
Net impairment losses recognized in earnings		-		-		-		-
Realized securities gains (losses), net		-		30		86		20
Total securities gains (losses), net		-		30		86		20
Noninterest expense:
Compensation and employee benefits		1,880		1,911		2,033		1,986
Premises and equipment		505		443		439		454
Data processing		193		240		219		217
FDIC insurance expense		144		114		96		77
Foreclosed real estate impairment		71		318		64		103
Other		1,280		1,374		1,207		1,311
Total noninterest expense		4,073		4,400		4,058		4,148
Income before income taxes		966		642		1,349		467
Provision for income taxes		276		94		325		91
Net income	$	690	$	548	$	1,024	$	376
Basic earnings per common share	$	0.41	$	0.31	$	0.66	$	0.17
Diluted earnings per common share	$	0.41	$	0.31	$	0.65	$	0.16

	Year Ended December 31, 2010
	First		Second			Third		Fourth
	Quarter		Quarter			Quarter		Quarter
	(In thousands, except per share amounts)
Interest income	$	5,788	$	5,594		$	5,476	$	5,351
Interest expense		2,022		1,964			1,942		1,818
Net interest income		3,766		3,630			3,534		3,533
Provision for loan losses		800		1,610			168		1,513
Net interest income after
provision for loan losses		2,966		2,020			3,366		2,020
Noninterest income:
Fees and service charges		1,077		1,216			1,266		1,214
Abstract fees		143		164			175		155
Mortgage banking income		112		129			351		374
Loan prepayment fees		10		17			2		6
Other income		323		348			404		257
Total noninterest income		1,665		1,874			2,198		2,006
Investment securities gains (losses), net:
Total other-than-temporary impairment losses		-		-			-		-
Portion of loss recognized in other
comprehensive income (loss) before taxes		-		-			-		-
Net impairment losses recognized in earnings		-		-			-		-
Realized securities gains (losses), net		8		-
Total securities gains (losses), net		8		-			-		-
Noninterest expense:
Compensation and employee benefits		1,890		1,880			1,929		1,916
Premises and equipment		501		484			460		450
Data processing		213		230			217		212
FDIC insurance expense		144		140			135		143
Foreclosed real estate impairment		10		307			7		155
Other		996		1,162			1,139		1,220
Total noninterest expense		3,754		4,203			3,887		4,096
Income (loss) before income taxes		885		(309	)		1,677		(70	)
Provision (benefit) for income taxes		256		(180	)		512		(110	)
Net income (loss)	$	629	$	(129	)	$	1,165	$	40
Basic earnings (loss) per common share	$	0.37	$	(0.19	)	$	0.77	$	(0.07	)
Diluted earnings (loss) per common share	$	0.37	$	(0.19	)	$	0.76	$	(0.07	)