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Consolidated Condensed Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income:        
Loans receivable $ 6,676 $ 7,413 $ 13,558 $ 15,214
Securities available for sale - taxable 1,764 2,434 3,596 4,809
Securities available for sale - nontaxable 547 547 1,132 1,122
Interest-earning deposits 7 6 13 14
Total interest income 8,994 10,400 18,299 21,159
Interest expense:        
Deposits 1,936 2,755 3,982 5,639
Advances from Federal Home Loan Bank 446 565 890 1,138
Repurchase agreements 230 237 472 485
Subordinated debentures 182 181 364 368
Total interest expense 2,794 3,738 5,708 7,630
Net interest income 6,200 6,662 12,591 13,529
Provision for loan losses 406 400 782 1,269
Net interest income after provision for loan losses 5,794 6,262 11,809 12,260
Non-interest income:        
Service charges 937 973 1,790 1,911
Merchant card income 259 212 482 408
Mortgage origination revenue 212 263 412 466
Gain on sale of securities 789 630 1,416 674
Income from bank owned life insurance 87 79 162 158
Financial services commission 347 271 644 498
Other operating income 197 211 405 441
Total non-interest income 2,828 2,639 5,311 4,556
Non-interest expenses:        
Salaries and benefits 3,714 3,561 7,562 7,068
Occupancy 882 884 1,727 1,739
Data processing 646 627 1,296 1,252
State bank tax 147 162 289 324
Intangible amortization 48 65 97 130
Professional services 549 498 942 886
Deposit insurance and examination 179 434 411 853
Advertising 308 324 641 628
Postage and communications 139 157 278 298
Supplies 93 105 229 216
Loss on disposal of equipment   2   8
Loss on real estate owned 12 72 47 219
Real estate owned expenses 32 25 108 71
Other operating expenses 375 523 771 846
Total non-interest expense 7,124 7,439 14,398 14,538
Income before income tax 1,498 1,462 2,722 2,278
Income tax expense 332 300 572 389
Net income 1,166 1,162 2,150 1,889
Less:        
Dividend on preferred shares   231   460
Accretion dividend on preferred shares   28   56
Net income available to common shareholders $ 1,166 $ 903 $ 2,150 $ 1,373
Net income available to common shareholders        
Per share, basic $ 0.16 $ 0.12 $ 0.29 $ 0.18
Per share, diluted $ 0.16 $ 0.12 $ 0.29 $ 0.18
Dividend per share $ 0.02 $ 0.02 $ 0.04 $ 0.04
Weighted average shares outstanding - basic 7,488,906 7,485,283 7,488,788 7,484,498
Weighted average shares outstanding - diluted 7,488,906 7,485,283 7,488,788 7,484,498