Selected Condensed Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2012

Selected Condensed Quarterly Financial Data [Abstract]

Selected Condensed Quarterly Financial Data

NOTE 23 – Selected Condensed Quarterly Financial Data (Unaudited)

	2012
	For the quarters ended
(dollars in thousands, except share data)	March 31		June 30		September 30		December 31
Interest income	$	8,557		8,534		8,790		8,817
Interest expense		2,428		2,156		2,082		2,037
Net interest income		6,129		6,378		6,708		6,780
Provision for loan losses		1,200		1,275		1,125		950
Noninterest income		837		741		1,286		897
Noninterest expenses		4,779		4,655		5,025		5,053
Income before income tax expense		987		1,189		1,844		1,674
Income tax expense		299		374		618		541
Net income		688		815		1,226		1,133
Preferred stock dividends		216		216		204		204
Discount accretion (1)		73		106		180		-
Redemption of preferred stock		-		96		-		-
Net income available to common shareholders (1)	$	399		589		842		929
Earnings per common share (1)
Basic	$	0.09		0.14		0.20		0.22
Diluted	$	0.09		0.13		0.19		0.22
Weighted average common shares outstanding
Basic		4,222,622		4,225,993		4,229,819		4,241,280
Diluted		4,267,813		4,436,920		4,349,971		4,305,127

	2011
	For the quarters ended
	March 31		June 30		September 30		December 31
Interest income	$	8,605		8,887		8,851		8,799
Interest expense		3,204		3,085		2,877		2,688
Net interest income		5,401		5,802		5,974		6,111
Provision for loan losses		725		650		1,670		2,225
Noninterest income		556		618		723		873
Noninterest expenses		4,467		4,855		4,352		4,193
Income (loss) before income tax expense		765		915		675		566
Income tax expense (benefit)		228		287		192		126
Net income		537		628		483		440
Preferred stock dividends		216		216		216		217
Discount accretion (1)		68		69		70		72
Net income(loss) available to common shareholders (1)	$	253		343		197		151
Earnings (loss) per common share (1)
Basic	$	0.06		0.08		0.05		0.04
Diluted	$	0.06		0.08		0.05		0.04
Weighted average common shares outstanding
Basic		4,194,705		4,203,072		4,203,072		4,203,072
Diluted		4,291,538		4,300,180		4,328,383		4,225,569

(1) Amounts for the first two quarters of 2011 have been restated for a correction of an error. See Note 1 to the financial statements.