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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2012
QUARTERLY FINANCIAL DATA (UNAUDITED)  
Summary of selected consolidated quarterly financial data

 

 

2012 Quarter Ended,

 

March 31,

 

June 30,

 

September 30,

 

December 31,

 

(In thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

Interest income

 

$

13,298

 

$

13,677

 

$

13,707

 

$

13,832

 

Interest expense

 

1,898

 

1,872

 

1,889

 

1,896

 

Net interest income

 

11,400

 

11,805

 

11,818

 

11,936

 

Provision for loan losses

 

825

 

2,500

 

600

 

1,075

 

Net interest income after provision for loan losses

 

10,575

 

9,305

 

11,218

 

10,861

 

Non interest income

 

1,953

 

3,800

 

2,235

 

2,685

 

Non interest expenses

 

8,221

 

8,567

 

8,479

 

8,513

 

Income before income taxes

 

4,307

 

4,538

 

4,974

 

5,033

 

Income tax expense

 

1,368

 

1,475

 

1,614

 

1,623

 

Net income

 

$

2,939

 

$

3,063

 

$

3,360

 

$

3,410

 

Basic earnings per share

 

$

0.35

 

$

0.36

 

$

0.39

 

$

0.39

 

Diluted earnings per share

 

$

0.35

 

$

0.36

 

$

0.39

 

$

0.39

 

 

 

 

 

 

 

 

 

 

 

2011 Quarter Ended,

 

March 31,

 

June 30,

 

September 30,

 

December 31,

 

(In thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

Interest income

 

$

11,596

 

$

12,333

 

$

13,471

 

$

13,026

 

Interest expense

 

1,812

 

1,872

 

1,949

 

1,983

 

Net interest income

 

9,784

 

10,461

 

11,522

 

11,043

 

Provision for loan losses

 

700

 

900

 

1,450

 

850

 

Net interest income after provision for loan losses

 

9,084

 

9,561

 

10,072

 

10,193

 

Non interest income

 

1,454

 

1,825

 

1,766

 

1,904

 

Non interest expenses

 

7,408

 

7,784

 

7,824

 

7,821

 

Income before income taxes

 

3,130

 

3,602

 

4,014

 

4,276

 

Income tax expense

 

970

 

1,126

 

1,241

 

1,326

 

Net income

 

$

2,160

 

$

2,476

 

$

2,773

 

$

2,950

 

Basic earnings per share

 

$

0.34

 

$

0.38

 

$

0.41

 

$

0.42

 

Diluted earnings per share

 

$

0.34

 

$

0.38

 

$

0.41

 

$

0.42