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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest and dividend income        
Loans, including fees $ 10,047 $ 10,180 $ 20,437 $ 20,753
Taxable securities 1,215 1,448 2,488 2,846
Tax-exempt securities 459 405 886 831
Federal funds sold and other 36 12 64 28
Total interest income 11,757 12,045 23,875 24,458
Interest expense        
Deposits 998 1,293 2,061 2,715
Federal Home Loan Bank advances 393 396 787 808
Subordinated debentures 215 194 427 389
Other 5 9 10 21
Total interest expense 1,611 1,892 3,285 3,933
Net interest income 10,146 10,153 20,590 20,525
Provision for loan losses 1,465 2,700 3,865 5,700
Net interest income after provision for loan losses 8,681 7,453 16,725 14,825
Noninterest income        
Service charges 1,073 1,089 2,135 2,118
Net gain on sale of securities 42 3 40 3
ATM fees 439 465 883 898
Trust fees 544 520 1,069 1,072
Bank owned life insurance 161 170 324 304
Computer center data processing fees 71 64 142 133
Other 522 215 1,168 666
Total noninterest income 2,852 2,526 5,761 5,194
Noninterest expense        
Salaries, wages and benefits 5,434 4,889 10,396 9,445
Net occupancy expense 519 545 1,071 1,179
Equipment expense 306 396 604 717
Contracted data processing 242 204 459 412
FDIC Assessment 251 376 502 731
State franchise tax 252 300 505 541
Professional services 806 467 1,404 996
Amortization of intangible assets 232 291 510 581
ATM expense 138 154 285 298
Marketing 192 191 387 383
Other operating expenses 2,023 1,670 3,535 3,388
Total noninterest expense 10,395 9,483 19,658 18,671
Income before taxes 1,138 496 2,828 1,348
Income tax expense (benefit) 202 (27) 599 72
Net Income 936 523 2,229 1,276
Preferred stock dividends and discount accretion 294 293 588 587
Net income available to common shareholders $ 642 $ 230 $ 1,641 $ 689
Earnings per common share, basic and diluted $ 0.08 $ 0.03 $ 0.21 $ 0.09