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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
INTEREST INCOME:        
Interest and fees on loans $ 5,920 $ 6,477 $ 12,128 $ 12,995
Interest on investment securities:        
Taxable 982 914 1,869 1,790
Non-taxable 610 640 1,216 1,347
Other short-term investments 59 68 89 97
TOTAL INTEREST INCOME 7,571 8,099 15,302 16,229
INTEREST EXPENSE:        
Interest on deposits 1,117 1,499 2,282 3,083
Interest on short-term borrowings 5 7 8 17
Interest on long-term debt 150 161 304 339
TOTAL INTEREST EXPENSE 1,272 1,667 2,594 3,439
NET INTEREST INCOME 6,299 6,432 12,708 12,790
PROVISION FOR LOAN LOSSES 91 224 306 888
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 6,208 6,208 12,402 11,902
NON-INTEREST INCOME:        
Trust income 473 536 1,239 1,019
Service charges and fees on deposit accounts 909 952 1,787 1,853
Net gain on sales of securities 79 124 459 419
Bank owned life insurance income 139 148 287 294
Gains from sales of mortgage loans 102 24 209 57
Other operating income 53 51 110 108
TOTAL NON-INTEREST INCOME 1,755 1,835 4,091 3,750
NON-INTEREST EXPENSE:        
Salaries and employee benefits 2,963 2,955 5,945 6,007
Equipment expenses 264 240 526 457
Occupancy expense, net 390 407 797 862
State franchise tax 196 196 402 392
Marketing 169 110 280 225
FDIC insurance premiums 104 188 215 468
Other non-interest expense 1,244 1,211 2,613 2,681
TOTAL NON-INTEREST EXPENSE 5,330 5,307 10,778 11,092
INCOME BEFORE INCOME TAXES 2,633 2,736 5,715 4,560
PROVISION FOR INCOME TAXES 646 713 1,451 1,059
NET INCOME FROM CONTINUING OPERATIONS 1,987 2,023 4,264 3,501
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX 0 (31) 0 793
NET INCOME $ 1,987 $ 1,992 $ 4,264 $ 4,294
Dividends declared per common share (in dollars per share) $ 0.16 $ 0.16 $ 0.32 $ 0.32
Basic earnings per common share:        
Continuing operations (in dollars per share) $ 0.30 $ 0.30 $ 0.64 $ 0.52
Discontinued operations (in dollars per share) $ 0 $ 0 $ 0 $ 0.12
Diluted earnings per common share:        
Continuing operations (in dollars per share) $ 0.29 $ 0.30 $ 0.63 $ 0.52
Discontinued operations (in dollars per share) $ 0 $ 0 $ 0 $ 0.12
Weighted average common shares outstanding:        
Basic (in shares) 6,713,847 6,689,743 6,710,062 6,689,743
Diluted (in shares) 6,789,776 6,746,791 6,781,614 6,744,375