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Consolidated Income Statements (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest income:        
Loans, including fees $ 10,928 $ 11,674 $ 33,324 $ 35,101
Securities:        
Taxable securities 1,118 1,043 3,217 3,283
Tax-exempt securities 471 549 1,485 1,723
Federal funds sold and other short-term investments 36 43 129 170
Total interest income 12,553 13,309 38,155 40,277
Interest expense:        
Demand deposits 203 480 792 1,309
Savings deposits 251 275 840 863
Time deposits 600 980 1,972 3,171
Federal funds purchased and securities sold under agreements to repurchase 23 42 89 131
Subordinated notes 189 177 568 531
Long-term borrowings 1,030 1,030 3,068 3,057
Total interest expense 2,296 2,984 7,329 9,062
Net interest income 10,257 10,325 30,826 31,215
Provision for loan losses 300 0 300 950
Net interest income after provision for loan losses 9,957 10,325 30,526 30,265
Noninterest income:        
Service charges on deposit accounts 768 864 2,236 2,419
Debit card usage fees 403 368 1,193 1,093
Trust services 201 175 595 601
Gains and fees on sales of residential mortgages 816 358 2,144 814
Increase in cash value of bank-owned life insurance 181 223 571 667
Gain from bank owned-life insurance 0 0 841 637
Investment securities impairment losses (6) (22) (179) (22)
Realized investment securities gains, net 0 0 246 0
Other income 185 245 648 789
Total noninterest income 2,548 2,211 8,295 6,998
Noninterest expense:        
Salaries and employee benefits 3,686 3,373 10,893 9,598
Occupancy 880 841 2,612 2,478
Data processing 576 500 1,582 1,430
FDIC insurance expense 183 216 516 1,111
Other real estate owned expense 240 1,650 1,228 1,930
Professional fees 276 297 855 756
Consulting fees 191 98 498 198
Other expenses 1,072 1,343 3,598 3,669
Total noninterest expense 7,104 8,318 21,782 21,170
Income before income taxes 5,401 4,218 17,039 16,093
Income taxes 1,649 1,135 4,927 4,557
Net income 3,752 3,083 12,112 11,536
Preferred stock dividends and accretion of discount 0 0 0 (2,387)
Net income available to common stockholders $ 3,752 $ 3,083 $ 12,112 $ 9,149
Basic earnings per common share (in dollars per share) $ 0.22 $ 0.18 $ 0.70 $ 0.53
Diluted earnings per common share (in dollars per share) $ 0.22 $ 0.18 $ 0.69 $ 0.53
Cash dividends declared per common share (in dollars per share) $ 0.1 $ 0.05 $ 0.26 $ 0.1