XML 34 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST INCOME:      
Loans and leases $ 29,140 $ 28,102 $ 27,416
Interest bearing deposits at banks 26 9 1
Securities:      
Taxable 2,115 1,740 1,608
Non-taxable 1,434 1,566 1,676
Total interest income 32,715 31,417 30,701
INTEREST EXPENSE      
Deposits 5,621 5,660 6,844
Other borrowings 775 929 864
Junior subordinated debentures 331 333 399
Total interest expense 6,727 6,922 8,107
NET INTEREST INCOME 25,988 24,495 22,594
PROVISION FOR LOAN AND LEASE LOSSES 2,484 3,943 10,500
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 23,504 20,552 12,094
NON-INTEREST INCOME:      
Bank charges 1,783 1,897 2,260
Insurance service and fees 6,902 6,992 7,191
Data center income 678 845 849
Net gain on sales and calls of securities 26 7 18
Gain on loans sold 188 152 93
Bank-owned life insurance 454 468 578
Interchange fee income 887 783 625
Gain on bargain purchase     671
Other 1,514 1,489 1,782
Total non-interest income 12,432 12,633 14,067
NON-INTEREST EXPENSE:      
Salaries and employee benefits 15,820 14,821 12,751
Occupancy 3,119 2,940 2,765
Repairs and maintenance 689 674 721
Advertising and public relations 812 627 575
Professional services 1,776 1,533 1,484
Technology and communications 878 912 1,065
Amortization of intangibles 490 900 930
FDIC insurance 652 1,023 941
Goodwill impairment     1,985
Other 3,005 2,677 2,840
Total non-interest expense 27,241 26,107 26,057
INCOME BEFORE INCOME TAXES 8,695 7,078 104
INCOME TAX PROVISION (BENEFIT) 2,583 2,238 (603)
NET INCOME $ 6,112 $ 4,840 $ 707
Net income per common share-basic $ 1.49 $ 1.34 $ 0.25
Net income per common share-diluted $ 1.49 $ 1.34 $ 0.25
Cash dividends per common share $ 0.4 $ 0.4 $ 0.61
Weighted average number of basic common shares 4,102,142 3,613,746 2,788,507
Weighted average number of diluted shares 4,104,533 3,616,551 2,793,612