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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest and fees on loans    
Taxable $ 12,834 $ 14,280
Tax-exempt 70 86
Interest and dividends on securities    
Taxable 1,030 1,699
Tax-exempt 634 721
Interest on interest bearing deposits with other banks 1 11
Total interest income 14,569 16,797
Interest expense    
Interest on deposits 2,768 3,714
Interest on short-term borrowings 17 6
Interest on long-term borrowings and subordinated debentures 2,026 3,059
Total interest expense 4,811 6,779
Net interest income 9,758 10,018
Provision for loan losses 1,500 2,001
Net interest income after provision for loan losses 8,258 8,017
Other income    
Insurance commissions 1,184 1,158
Service fees related to deposit accounts 1,012 1,014
Realized securities gains 42 1,165
(Loss) on sales of assets (40) (77)
Writedown of foreclosed properties (929) (1,912)
Bank owned life insurance income 238 275
Other 326 309
Total other-than-temporary impairment loss on securities (91) (511)
Portion of loss recognized in other comprehensive income 37 282
Net impairment loss recognized in earnings (54) (229)
Total other income 1,779 1,703
Other expenses    
Salaries, commissions, and employee benefits 4,117 3,901
Net occupancy expense 456 479
Equipment expense 598 594
Professional fees 251 316
Amortization of intangibles 88 88
FDIC premiums 540 522
Foreclosed properties expense 279 362
Other 1,264 1,277
Total other expense 7,593 7,539
Income before income taxes 2,444 2,181
Income tax expense 651 483
Net income 1,793 1,698
Dividends on preferred shares 194 194
Net income applicable to common shares $ 1,599 $ 1,504
Basic earnings per common share $ 0.22 $ 0.20
Diluted earnings per common share $ 0.19 $ 0.18