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Consolidated Statements of Income (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income      
Loans $ 32,668,000 $ 32,892,000 $ 32,587,000
Investment securities 1,963,000 2,144,000 2,883,000
Federal funds sold 67,000 106,000 59,000
Total interest income 34,698,000 35,142,000 35,529,000
Interest expense      
Deposits 4,177,000 6,993,000 9,424,000
Borrowings 4,525,000 4,861,000 5,893,000
Total interest expense 8,702,000 11,854,000 15,317,000
Net interest income 25,996,000 23,288,000 20,212,000
Provision for loan losses 4,550,000 5,270,000 5,610,000
Net interest income after provision for loan losses 21,446,000 18,018,000 14,602,000
Noninterest income      
Loan fee income 1,044,000 877,000 711,000
Service fees on deposit accounts 767,000 638,000 583,000
Income from bank owned life insurance 632,000 565,000 554,000
Gain on sale of investment securities 363,000 23,000 1,156,000
Other than temporary impairment on investment securities    (25,000) (450,000)
Other income 956,000 692,000 491,000
Total noninterest income 3,762,000 2,770,000 3,045,000
Noninterest expenses      
Compensation and benefits 10,073,000 8,933,000 8,245,000
Occupancy 2,468,000 2,282,000 2,135,000
Real estate owned activity 939,000 940,000 674,000
Data processing and related costs 2,070,000 1,869,000 1,624,000
Insurance 1,367,000 1,437,000 1,533,000
Marketing 637,000 686,000 690,000
Professional fees 841,000 658,000 659,000
Other 1,118,000 1,062,000 1,004,000
Total noninterest expenses 19,513,000 17,867,000 16,564,000
Income before income tax expense 5,695,000 2,921,000 1,083,000
Income tax expense (benefit) 1,833,000 833,000 193,000
Net income 3,862,000 2,088,000 890,000
Preferred stock dividend 840,000 865,000 865,000
Discount accretion (1) 360,000 [1] 279,000 [1] 260,000 [1]
Redemption of preferred stock (96,000)      
Net income (loss) available to common shareholders (1) $ 2,758,000 [1] $ 944,000 [1] $ (235,000) [1]
Earnings (loss) per common share (1)      
Basic $ 0.65 $ 0.22 $ (0.06)
Diluted $ 0.64 $ 0.22 $ (0.06)
Weighted average common shares outstanding      
Basic 4,229,928 4,200,980 4,178,703
Diluted 4,339,958 4,286,418 4,178,703
[1] See Note 1 to the financial statements for information related to a correction of an error in 2010.