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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:        
Loans receivable $ 6,503 $ 6,676 $ 12,830 $ 13,558
Securities available for sale-taxable 1,694 1,764 3,473 3,596
Securities available for sale-nontaxable 531 547 1,075 1,132
Interest-earning deposits 6 7 14 13
Total interest income 8,734 8,994 17,392 18,299
Interest expense:        
Deposits 1,488 1,936 2,959 3,982
Advances from Federal Home Loan Bank 428 446 862 890
Repurchase agreements 245 230 494 472
Subordinated debentures 193 182 377 364
Total interest expense 2,354 2,794 4,692 5,708
Net interest income 6,380 6,200 12,700 12,591
Provision for loan losses (261) 406 119 782
Net interest income after provision for loan losses 6,641 5,794 12,581 11,809
Non-interest income:        
Service charges 848 937 1,626 1,790
Merchant card income 276 259 535 482
Mortgage origination revenue 133 212 191 412
Gain on sale of securities 241 789 254 1,416
Income from bank owned life insurance 66 87 161 162
Financial services commission 168 347 374 644
Other operating income 213 197 402 405
Total non-interest income 1,945 2,828 3,543 5,311
Non-interest expenses:        
Salaries and benefits 3,692 3,714 7,487 7,562
Occupancy 808 882 1,717 1,727
Data processing 736 646 1,464 1,296
Bank franchise tax 398 147 644 289
Intangible amortization 33 48 65 97
Professional services 341 549 628 942
Deposit insurance and examination 183 179 380 411
Advertising 341 308 655 641
Postage and communications 140 139 283 278
Supplies 158 93 303 229
Loss on real estate owned 102 12 125 47
Real estate owned 92 32 222 108
Other operating 423 375 798 771
Total non-interest expense 7,447 7,124 14,771 14,398
Income before income tax 1,139 1,498 1,353 2,722
Income tax expense 214 332 74 572
Net income $ 925 $ 1,166 $ 1,279 $ 2,150
Net income per share:        
Basic $ 0.13 $ 0.16 $ 0.17 $ 0.29
Diluted $ 0.13 $ 0.16 $ 0.17 $ 0.29
Dividend per share $ 0.04 $ 0.02 $ 0.08 $ 0.04
Weighted average shares outstanding-basic 7,376,726 7,488,906 7,396,627 7,488,788
Weighted average shares outstanding-diluted 7,376,726 7,488,906 7,396,627 7,488,788