Quarterly Results of Operations

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

(22)	Quarterly Results of Operations: (Unaudited)

Summarized unaudited quarterly operating results for the year ended December 31, 2013:


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
December 31, 2013:
Interest and dividend income	$	9,305		8,994		8,795		8,763
Interest expense		2,914		2,794		2,496		2,377

Net interest income		6,391		6,200		6,299		6,386
Provision for loan losses		376		406		426		396

Net interest income after provision for loan losses		6,015		5,794		5,873		5,990
Noninterest income		2,483		2,828		1,769		2,292
Noninterest expense		7,274		7,124		6,984		7,256

Income before income taxes		1,224		1,498		658		1,026
Income tax expense (benefit)		240		332		122		(50	)

Net income	$	984		1,166		536		1,076

Basic earnings per share	$	0.13		0.16		0.07		0.14

Diluted earnings per share	$	0.13		0.16		0.07		0.14

Weighted average shares outstanding:
Basic		7,488,445		7,488,906		7,483,582		7,430,970

Diluted		7,488,445		7,488,906		7,483,582		7,430,970

(22)	Quarterly Results of Operations: (Unaudited)

Summarized unaudited quarterly operating results for the year ended December 31, 2012:


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
December 31, 2012:
Interest and dividend income	$	10,759		10,400		9,996		9,685
Interest expense		3,892		3,738		4,078		3,169

Net interest income		6,867		6,662		5,918		6,516
Provision for loan losses		869		400		506		500

Net interest income after provision for loan losses		5,998		6,262		5,412		6,016
Noninterest income		1,917		2,639		2,897		2,186
Noninterest expense		7,099		7,439		6,971		6,932

Income before income taxes		816		1,462		1,338		1,270
Income taxes expense		89		300		263		165

Net income	$	727		1,162		1,075		1,105

Net income available to common shareholders		470		903		819		648

Basic earnings per share	$	0.06		0.12		0.11		0.09

Diluted earnings per share	$	0.06		0.12		0.11		0.09

Weighted average shares outstanding:
Basic		7,484,475		7,485,283		7,487,283		7,487,726

Diluted		7,484,475		7,485,283		7,487,283		7,487,726

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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