XML 38 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except 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        
Interest and fees on loans $ 8,923 $ 9,184 $ 26,554 $ 27,386
Interest on interest-bearing deposits 60 37 187 104
Interest on securities - taxable 1,620 1,740 4,991 5,115
Interest on securities - nontaxable 1,634 1,616 4,801 4,912
Total interest income 12,237 12,577 36,533 37,517
Interest Expense        
Interest on time deposits of $100,000 or more 355 485 1,171 1,551
Interest on other deposits 1,581 1,797 4,900 5,456
Total interest expense 1,936 2,282 6,071 7,007
Net interest income 10,301 10,295 30,462 30,510
Provision for loan losses 778 643 2,554 2,196
Net interest income after provision for loan losses 9,523 9,652 27,908 28,314
Noninterest Income        
Service charges on deposit accounts 674 692 1,956 1,952
Other service charges and fees 40 57 130 174
Credit card fees 807 805 2,441 2,365
Trust income 271 264 1,037 817
BOLI income 205 189 605 559
Other income 130 125 341 293
Realized securities gains (losses), net (19) (3) 33 (7)
Total noninterest income 2,108 2,129 6,543 6,153
Noninterest Expense        
Salaries and employee benefits 3,104 2,834 9,014 8,561
Occupancy and furniture and fixtures 387 349 1,181 1,207
Data processing and ATM 390 416 1,206 1,289
FDIC assessment 133 353 343 1,049
Credit card processing 607 639 1,817 1,871
Intangible assets amortization 270 271 812 813
Net costs of other real estate owned 58 52 209 281
Franchise taxes 258 162 646 619
Other operating expenses 881 811 2,302 2,306
Total noninterest expense 6,088 5,887 17,530 17,996
Income before income taxes 5,543 5,894 16,921 16,471
Income tax expense 1,250 1,385 3,859 3,722
Net Income $ 4,293 $ 4,509 $ 13,062 $ 12,749
Basic net income per share (in dollars per share) $ 0.62 $ 0.65 $ 1.88 $ 1.84
Fully diluted net income per share (in dollars per share) $ 0.62 $ 0.65 $ 1.88 $ 1.83
Weighted average number of common shares outstanding - basic (in shares) 6,941,757 6,937,974 6,940,573 6,936,100
Weighted average number of common shares outstanding - diluted (in shares) 6,962,852 6,945,174 6,958,316 6,951,155
Dividends declared per share (in dollars per share) $ 0 $ 0 $ 0.53 $ 0.48