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Quarterly Results of Operations (unaudited)
12 Months Ended
Dec. 31, 2011
Quarterly Results of Operations (unaudited) [Abstract]  
Quarterly Results of Operations (unaudited)

20.    Quarterly Results of Operations (unaudited)

 

                                 
    2011 Quarters  
     Fourth     Third     Second     First  
    (In thousands, except share data)  

Interest income

  $ 19,252     $ 19,638     $ 19,597     $ 19,578  

Interest expense

    5,233       5,800       6,082       5,651  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income

    14,019       13,838       13,515       13,927  

Provision for loan losses

    950       1,200       1,200       1,200  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income after provision for loan losses

    13,069       12,638       12,315       12,727  

Other operating income

    4,361       4,503       3,841       3,535  

Operating expenses

    12,702       12,055       11,775       12,210  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

    4,728       5,086       4,381       4,052  

Provision for income taxes

    539       504       184       327  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income

  $ 4,189     $ 4,582     $ 4,197     $ 3,725  
   

 

 

   

 

 

   

 

 

   

 

 

 

Share data:

                               

Average shares outstanding, basic

    5,540,798       5,540,597       5,540,597       5,540,583  

Average shares outstanding, diluted

    5,542,052       5,541,646       5,541,595       5,541,927  

Earnings per share, basic

  $ 0.76     $ 0.83     $ 0.76     $ 0.67  

Earnings per share, diluted

  $ 0.76     $ 0.83     $ 0.76     $ 0.67  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                 
    2010 Quarters  
     Fourth     Third     Second     First  
    (In thousands, except share data)  

Interest income

  $ 19,122     $ 18,628     $ 19,325     $ 19,508  

Interest expense

    5,811       6,040       6,183       6,783  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income

    13,311       12,588       13,142       12,725  

Provision for loan losses

    1,350       1,200       1,450       1,575  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income after provision for loan losses

    11,961       11,388       11,692       11,150  

Other operating income

    4,223       3,412       4,105       4,259  

Operating expenses

    11,895       11,313       12,598       11,566  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

    4,289       3,487       3,199       3,843  

Provision for income taxes

    365       220       238       421  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income

  $ 3,924     $ 3,267     $ 2,961     $ 3,422  
   

 

 

   

 

 

   

 

 

   

 

 

 

Share data:

                               

Average shares outstanding, basic

    5,537,776       5,535,548       5,530,297       5,530,297  

Average shares outstanding, diluted

    5,539,639       5,537,120       5,532,980       5,533,070  

Earnings per share, basic

  $ 0.71     $ 0.59     $ 0.54     $ 0.62  

Earnings per share, diluted

  $ 0.71     $ 0.59     $ 0.54     $ 0.62