XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest income    
Interest and fees on loans $ 9,385 $ 9,217
Interest and dividends on investment securities:    
Taxable 3,088 3,378
Tax-exempt 773 88
Dividends 149 184
Total interest income 13,395 12,867
Interest expense    
Interest on certificates of deposit $100 or more 252 265
Interest on other deposits 1,156 1,002
Interest on borrowings 1,642 1,655
Total interest expense 3,050 2,922
Net interest income 10,345 9,945
Provision for loan losses 107 878
Net interest income after provision for loan losses 10,238 9,067
Other income    
Service charges, commissions and fees 446 449
Annuities and insurance commissions 44 6
Bank-owned life insurance 251 260
Loan related fees 236 87
Other 41 29
Other-than-temporary impairment losses on investment securities (58) (95)
Net other-than-temporary impairment losses on investment securities (58) (95)
Net gains on sale of investment securities 995 861
Net investment securities gains 937 766
Total other income 1,955 1,597
Other expense    
Salaries and employee benefits 3,118 2,867
Occupancy and equipment 700 866
FDIC insurance 299 528
Professional and consulting 246 241
Stationery and printing 84 101
Marketing and advertising 31 21
Computer expense 353 339
Other real estate owned, net 62 (1)
All Other 914 973
Total other expense 5,807 5,935
Income before income tax expense 6,386 4,729
Income tax expense 2,155 1,711
Net Income 4,231 3,018
Preferred stock dividends and accretion 141 146
Net income available to common stockholders $ 4,090 $ 2,872
Earnings per common share    
Basic $ 0.25 $ 0.18
Diluted $ 0.25 $ 0.18
Weighted Average Common Shares Outstanding    
Basic 16,332,327 16,290,391
Diluted 16,338,162 16,300,604
Dividend paid per common share $ 0.03 $ 0.03