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Consolidated Results Of Operations (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income:        
Interest and fees on loans $ 7,329 $ 7,790 $ 14,686 $ 15,422
Interest on investment securities:        
Interest exempt from federal income taxes 117 490 245 952
Taxable interest income 2,163 1,673 4,100 3,570
Dividend income 9 7 18 34
Other interest income 14 5 21 7
Total interest income 9,632 9,965 19,070 19,985
Interest expense:        
Demand accounts 505 322 1,062 639
Savings 74 15 127 27
Time 1,790 2,412 3,601 4,901
Short-term borrowings 73 61 142 117
Long-term obligations 145 122 325 273
Total interest expense 2,587 2,932 5,257 5,957
Net interest income 7,045 7,033 13,813 14,028
Provision for loan losses 1,273 1,780 5,203 4,780
Net interest income after provision for loan losses 5,772 5,253 8,610 9,248
Noninterest income:        
Service charges on deposit accounts 828 893 1,593 1,716
Other service charges and fees 330 433 574 698
Mortgage origination fees 452 293 778 505
Net gain on sale of securities 858 152 884 1,441
Income from bank owned life insurance 74 74 148 148
Other operating (expense) income (3) 21 (7) 26
Total noninterest income 2,539 1,866 3,970 4,534
Noninterest expenses:        
Salaries 2,826 2,326 5,390 4,645
Retirement and other employee benefits 784 712 1,460 1,442
Occupancy 522 447 1,005 904
Equipment 513 486 1,072 953
Professional fees 271 211 542 499
Supplies 78 68 129 120
Telephone 189 157 358 340
FDIC insurance 201 345 527 678
Other outside services 162 110 343 228
Net cost of real estate and repossessions acquired in settlement of loans 79 47 97 381
Other operating expenses 1,032 1,007 1,978 1,964
Total noninterest expenses 6,657 5,916 12,901 12,154
Income (loss) before income taxes 1,654 1,203 (321) 1,628
Income tax expense (benefit) 509 246 (382) 184
Net income 1,145 957 61 1,444
Preferred stock dividends 224 224 448 448
Accretion of discount 41 41 82 82
Income (loss) available to common shareholders $ 880 $ 692 $ (469) $ 914
Net income (loss) per share-basic $ 0.31 $ 0.24 $ (0.16) $ 0.32
Net income (loss) per share-diluted $ 0.31 $ 0.24 $ (0.16) $ 0.32
Weighted average shares outstanding-basic 2,849,841 2,849,841 2,849,841 2,849,343
Weighted average shares outstanding-diluted 2,849,841 2,849,936 2,849,841 2,849,407