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Quarterly Results of Operations (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Results of Operations (Unaudited) [Abstract]  
Schedule of Quarterly Financial Information

The unaudited quarterly results of operations for the years ended December 31, 2013 and 2012 follow (in thousands, except per-share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013 Quarter ended

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

Total interest income

$

4,144 

 

 

4,173 

 

 

4,224 

 

 

4,193 

Total interest expense

 

763 

 

 

741 

 

 

719 

 

 

677 

Net interest income

 

3,381 

 

 

3,432 

 

 

3,505 

 

 

3,516 

Provision for loan losses

 

80 

 

 

86 

 

 

100 

 

 

149 

Gains from the sale of loans

 

97 

 

 

85 

 

 

84 

 

 

72 

Other income

 

980 

 

 

970 

 

 

939 

 

 

1,006 

Other expense

 

3,035 

 

 

3,330 

 

 

3,349 

 

 

3,432 

Income before income taxes

 

1,343 

 

 

1,071 

 

 

1,079 

 

 

1,013 

Income tax expense

 

337 

 

 

62 

 

 

60 

 

 

46 

Net income

$

1,006 

 

$

1,009 

 

$

1,019 

 

$

967 

Per-share data:

 

 

 

 

 

 

 

 

 

 

 

Basic earnings

 

$.24

 

 

$.24

 

 

$.24

 

 

$.23

Diluted earnings

 

.24

 

 

.24

 

 

.24

 

 

.23

Cash dividends

 

.22

 

 

.22

 

 

.22

 

 

.22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012 Quarter ended

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

Total interest income

$

4,711 

 

$

4,605 

 

$

4,464 

 

$

4,390 

Total interest expense

 

972 

 

 

924 

 

 

898 

 

 

854 

Net interest income

 

3,739 

 

 

3,681 

 

 

3,566 

 

 

3,536 

Provision for loan losses

 

1,108 

 

 

69 

 

 

60 

 

 

174 

Gains from the sale of loans

 

65 

 

 

149 

 

 

208 

 

 

147 

Other income

 

977 

 

 

1,046 

 

 

1,045 

 

 

955 

Other expense

 

3,245 

 

 

3,220 

 

 

3,273 

 

 

3,339 

Income before income taxes

 

428 

 

 

1,587 

 

 

1,486 

 

 

1,125 

Income tax expense

 

10 

 

 

372 

 

 

354 

 

 

242 

Net income

$

418 

 

$

1,215 

 

$

1,132 

 

$

883 

Per-share data:

 

 

 

 

 

 

 

 

 

 

 

Basic earnings

 

$.10

 

 

$.29

 

 

$.27

 

 

$.20

Diluted earnings

 

.10

 

 

.29

 

 

.27

 

 

.20

Cash dividends

 

.22

 

 

.22

 

 

.22

 

 

.22