QUARTERLY FINANCIAL RESULTS (unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

NOTE 25. QUARTERLY FINANCIAL RESULTS (unaudited)

The following table provides a summary of selected consolidated quarterly financial data for the two years ended December 31, 2014.

(In thousands, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2014
Interest income	$	9,455	$	9,523	$	9,686	$	9,625
Net interest income		8,323		8,447		8,636		8,636
Provision for credit losses		975		950		775		650
Income (loss) before income taxes		2,021		2,108		2,036		1,947
Net income (loss)		1,258		1,305		1,262		1,226
Basic earnings (loss) per common share	$	0.15	$	0.13	$	0.10	$	0.10
Diluted earnings (loss) per common share	$	0.15	$	0.13	$	0.10	$	0.10
2013
Interest income	$	10,607	$	10,755	$	10,182	$	9,807
Net interest income		8,477		9,001		8,828		8,570
Provision for credit losses		2,150		2,700		22,460		474
(Loss) income before income taxes		326		504		(18,808)		1,843
Net (loss) income		222		361		(11,392)		1,175
Basic (loss) earnings per common share	$	0.03	$	0.04	$	(1.35)	$	0.14
Diluted (loss) earnings per common share	$	0.03	$	0.04	$	(1.35)	$	0.14
2012
Interest income	$	11,856	$	11,692	$	11,393	$	10,960
Net interest income		9,195		9,033		8,730		8,381
Provision for credit losses		8,370		3,525		6,200		9,650
(Loss) income before income taxes		(5,099)		422		(3,178)		(8,348)
Net (loss) income		(3,036)		293		(1,821)		(5,074)
Basic (loss) earnings per common share	$	(0.36)	$	0.03	$	(0.22)	$	(0.60)
Diluted (loss) earnings per common share	$	(0.36)	$	0.03	$	(0.22)	$	(0.60)

Earnings per share are based on quarterly results and may not be additive to the annual earnings per share amounts.