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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest and Dividend Income        
Loans $ 2,879 $ 2,846 $ 5,769 $ 5,734
Securities 783 632 1,563 1,288
Dividends on Federal Home Loan Bank stock and other 50 56 101 111
Total interest and dividend income 3,712 3,534 7,433 7,133
Interest Expense        
Deposits 393 431 788 866
Other short term borrowings 3 3 5 5
Federal Home Loan Bank advances 134 153 279 305
Total interest expense 530 587 1,072 1,176
Net Interest Income 3,182 2,947 6,361 5,957
Provision (Credit) for Loan Losses 79 10 87 (131)
Net Interest Income After Provision (Credit) for Loan Losses 3,103 2,937 6,274 6,088
Noninterest Income        
Gain on loan sales 84 26 109 73
Gain on sale of foreclosed assets held for sale    20    17
Gain on sale of premises and equipment 1    7   
Earnings on bank-owned life insurance 73 74 144 147
Service fees, charges and other operating 323 278 592 548
Total noninterest income 481 398 852 785
Noninterest Expense        
Salaries and employee benefits 1,525 1,528 3,018 3,032
Net occupancy and equipment expense 511 477 1,022 954
Federal deposit insurance premiums 68 65 131 140
Franchise taxes 65 100 129 200
Amortization of intangible assets 15 22 38 45
Other 466 471 963 1,022
Total noninterest expense 2,650 2,663 5,301 5,393
Income Before Federal Income Taxes 934 672 1,825 1,480
Provision for Federal Income Taxes 234 181 455 411
Net Income 700 491 1,370 1,069
Other comprehensive income (loss):        
Unrealized gains (losses) on available-for-sale securities 435 (1,728) 977 (2,050)
Tax (expense) benefit (148) 587 (332) 696
Other comprehensive income (loss) 287 (1,141) 645 (1,354)
Total comprehensive income (loss) $ 987 $ (650) $ 2,015 $ (285)
Basic Earnings Per Share (in dollars per share) $ 0.25 $ 0.17 $ 0.49 $ 0.37
Diluted Earnings Per Share (in dollars per share) $ 0.25 $ 0.17 $ 0.49 $ 0.37
Dividends per share (in dollars per share) $ 0.09 $ 0.08 $ 0.17 $ 0.15