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Condensed 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 $ 2,945 $ 3,137 $ 5,931 $ 6,312
Securities 862 1,177 1,804 2,239
Dividends on Federal Home Loan Bank stock and other 57 58 116 117
Total interest and dividend income 3,864 4,372 7,851 8,668
Interest Expense        
Deposits 544 792 1,154 1,640
Other short term borrowings 3 5 5 10
Federal Home Loan Bank advances 171 293 350 604
Total interest expense 718 1,090 1,509 2,254
Net Interest Income 3,146 3,282 6,342 6,414
Provision (Credit) for Loan Losses (394) 70 393 192
Net Interest Income After Provision (Credit) for Loan Losses 3,540 3,212 5,949 6,222
Noninterest Income        
Gain on loan sales 49 18 95 25
Trust income 73 72 165 137
Earnings on bank-owned life insurance 75 57 148 114
Service fees, charges and other operating 296 294 553 529
Total noninterest income 493 441 961 805
Noninterest Expense        
Salaries and employee benefits 1,892 1,569 3,529 3,010
Net occupancy and equipment expense 477 452 953 924
Federal deposit insurance premiums 74 85 153 207
Franchise taxes 100 94 201 188
Provision for impairment on foreclosed assets held for sale 35 287 35 708
Loss (Gain) on sale of foreclosed assets held for sale       13 (4)
Amortization of intangible assets 22 23 45 46
Other 615 492 1,071 823
Total noninterest expense 3,215 3,002 6,000 5,902
Income Before Federal Income Taxes 818 651 910 1,125
Provision for Federal Income Taxes 194 136 134 205
Net Income 624 515 776 920
Other comprehensive income (loss):        
Unrealized gains (losses) on available-for-sale securities 153 1,311 (4) 1,349
Change in defined benefit plan unrecognized net less loss          (22)
Amortization of net loss included in net periodic pension cost          35
Components of other comprehensive income (loss), before tax effect 153 1,311 (4) 1,362
Tax expense 53 447    463
Other comprehensive income (loss) 100 864 (4) 899
Comprehensive income $ 724 $ 1,379 $ 772 $ 1,819
Basic Earnings Per Share $ 0.21 $ 0.18 $ 0.26 $ 0.32
Diluted Earnings Per Share $ 0.21 $ 0.18 $ 0.26 $ 0.32
Dividends Per Share $ 0.07 $ 0.06 $ 0.13 $ 0.12