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Consolidated Statements Of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest and dividend income:        
Loans, including fees $ 3,981 $ 3,752 $ 7,856 $ 7,535
Debt securities:        
Taxable 604 615 1,197 1,159
Tax-exempt 75 68 149 116
Dividends 26 47 68 130
Federal funds sold and interest earning deposits 1 3 2 5
Total interest income 4,687 4,485 9,272 8,945
Interest expense:        
Interest on deposits 821 853 1,633 1,696
Interest on short-term borrowings 7 0 18 0
Interest on long-term borrowings 278 355 558 702
Total interest expense 1,106 1,208 2,209 2,398
Net interest income 3,581 3,277 7,063 6,547
Provision for loan losses 262 262 525 525
Net interest income after provision for loan losses 3,319 3,015 6,538 6,022
Noninterest income:        
Service charges on deposit accounts 276 343 571 732
Earnings on bank owned life insurance 55 57 117 140
Loan servicing fees 50 60 92 117
Net gains on sales and redemptions of investment securities 295 17 323 28
Net gains (losses) on sales of loans and foreclosed real estate 14 (34) 40 (53)
Debit card interchange fees 96 81 180 153
Other charges, commissions & fees 137 142 273 259
Total noninterest income 923 666 1,596 1,376
Noninterest expense:        
Salaries and employee benefits 1,764 1,496 3,473 3,059
Building occupancy 359 340 722 654
Data processing 352 354 705 682
Professional and other services 295 186 560 378
FDIC assessments 162 129 324 257
Other expenses 471 387 902 724
Total noninterest expenses 3,403 2,892 6,686 5,754
Income before income taxes 839 789 1,448 1,644
Provision for income taxes 252 239 435 494
Net income 587 550 1,013 1,150
Preferred stock dividends and discount accretion 118 115 235 230
Net income available to common shareholders $ 469 $ 435 $ 778 $ 920
Earnings per common share - basic (in dollars per share) $ 0.19 $ 0.17 $ 0.31 $ 0.37
Earnings per common share - diluted (in dollars per share) $ 0.19 $ 0.17 $ 0.31 $ 0.37
Dividends per common share (in dollars per share) $ 0.03 $ 0.03 $ 0.06 $ 0.06