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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest and Dividend Income:        
Interest and fees on loans $ 6,618 $ 7,071 $ 13,297 $ 14,226
Interest and dividends on securities:        
Taxable 1,085 1,275 2,254 2,591
Tax-exempt 827 554 1,543 1,020
Dividends 26 24 53 47
Other interest income 14 87 84 178
Total interest and dividend income 8,570 9,011 17,231 18,062
Interest Expense:        
Interest on deposits 1,587 1,647 3,167 3,282
Interest on short-term borrowings 82 99 162 204
Interest on long-term borrowings 5 63 58 127
Interest on trust preferred capital notes 297 344 640 687
Total interest expense 1,971 2,153 4,027 4,300
Net Interest Income 6,599 6,858 13,204 13,762
Provision for Loan Losses 336 285 673 570
Net Interest Income After Provision for Loan Losses 6,263 6,573 12,531 13,192
Noninterest Income:        
Trust fees 878 801 1,806 1,613
Service charges on deposit accounts 400 483 821 962
Other fees and commissions 338 288 654 566
Mortgage banking income 271 343 418 589
Securities gains (losses), net (19) 4 (18) (25)
Other 120 124 278 262
Total noninterest income 1,988 2,043 3,959 3,967
Noninterest Expense:        
Salaries 2,546 2,596 5,031 4,994
Employee benefits 624 633 1,165 1,273
Occupancy and equipment 696 698 1,395 1,477
FDIC assessment 197 199 402 394
Bank franchise tax 176 168 351 335
Core deposit intangible amortization 95 95 189 189
Foreclosed real estate, net 413 281 435 284
Merger related expenses 835 0 1,144 0
Other 1,446 1,204 2,695 2,428
Total noninterest expense 7,028 5,874 12,807 11,374
Income Before Income Taxes 1,223 2,742 3,683 5,785
Income Taxes 211 728 893 1,586
Net Income $ 1,012 $ 2,014 $ 2,790 $ 4,199
Net Income Per Common Share:        
Basic (in dollars per share) $ 0.16 $ 0.33 $ 0.45 $ 0.69
Diluted (in dollars per share) $ 0.16 $ 0.33 $ 0.45 $ 0.69
Average Common Shares Outstanding:        
Basic (in shares) 6,154,396 6,123,790 6,149,029 6,121,615
Diluted (in shares) 6,161,265 6,129,943 6,157,032 6,127,137