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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest income:    
Loans (including fee income) $ 9,522 $ 7,955
Mortgage-backed securities and collateralized mortgage obligations 2,019 2,316
State and municipal obligations 783 721
U.S. GSE securities 772 381
Corporate Bonds 160 187
Deposits with banks 24 18
Other interest and dividend income 18 18
Total interest income 13,298 11,596
Interest expense:    
Savings, NOW and money market deposits 946 966
Certificates of deposit of $100,000 or more 386 243
Other time deposits 114 127
Federal funds purchased and repurchase agreements 111 134
Junior subordinated debentures 341 342
Total interest expense 1,898 1,812
Net interest income 11,400 9,784
Provision for loan losses 825 700
Net interest income after provision for loan losses 10,575 9,084
Non interest income:    
Service charges on deposit accounts 809 733
Fees for other customer services 605 480
Title fee income 223 204
Net securities gains 272  
Other operating income 44 37
Total non interest income 1,953 1,454
Non interest expense:    
Salaries and employee benefits 5,111 4,175
Net occupancy expense 790 762
Furniture and fixture expense 298 306
FDIC assessments 172 308
Acquisition costs   233
Amortization of core deposit intangible 18  
Cost of extinguishment of debt 158  
Other operating expenses 1,674 1,624
Total non interest expense 8,221 7,408
Income before income taxes 4,307 3,130
Income tax expense 1,368 970
Net income $ 2,939 $ 2,160
Basic earnings per share (in dollars per share) $ 0.35 $ 0.34
Diluted earnings per share (in dollars per share) $ 0.35 $ 0.34