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Condensed Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest income    
Loans, including fees $ 12,846,000 $ 13,813,000
Securities, taxable 1,007,000 1,280,000
Securities, tax-exempt 295,000 422,000
Federal funds sold 54,000 32,000
Interest-bearing deposit balances 7,000 6,000
Total interest income 14,209,000 15,553,000
Interest expense    
Deposits 2,320,000 3,008,000
Short-term borrowings 20,000 49,000
Federal Home Loan Bank advances 118,000 389,000
Other borrowings 297,000 238,000
Total interest expense 2,755,000 3,684,000
Net interest income 11,454,000 11,869,000
Provision for loan losses (1,500,000) 0
Net interest income after provision for loan losses 12,954,000 11,869,000
Noninterest income    
Service charges on accounts 374,000 386,000
Earnings on bank owned life insurance 338,000 407,000
Mortgage banking activities 252,000 299,000
Rental income from other real estate owned 199,000 212,000
Other income 664,000 630,000
Total noninterest income 1,827,000 1,934,000
Noninterest expense    
Salaries and benefits 4,857,000 4,691,000
Occupancy 658,000 678,000
Furniture and equipment depreciation, rent and maintenance 256,000 308,000
Nonperforming asset costs 131,000 1,275,000
FDIC insurance costs 245,000 304,000
Other expense 2,437,000 2,398,000
Total noninterest expenses 8,584,000 9,654,000
Income before federal income tax expense 6,197,000 4,149,000
Federal income tax expense 1,797,000 1,269,000
Net income 4,400,000 2,880,000
Preferred stock dividends and accretion 0 328,000
Net income attributable to common shares $ 4,400,000 $ 2,552,000
Basic earnings per share $ 0.51 $ 0.30
Diluted earnings per share $ 0.50 $ 0.28
Cash dividends per share $ 0.10 $ 0.00
Average basic shares outstanding 8,705,677 8,605,484
Average diluted shares outstanding 8,718,601 8,991,422