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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest and dividend income        
Loans, including fees $ 9,901 $ 10,455 $ 30,338 $ 31,208
Taxable securities 1,120 1,367 3,608 4,213
Tax-exempt securities 490 419 1,376 1,250
Federal funds sold and other 18 26 83 54
Total interest and dividend income 11,529 12,267 35,405 36,725
Interest expense        
Deposits 894 1,233 2,955 3,948
Federal Home Loan Bank advances 394 401 1,181 1,208
Subordinated debentures 208 189 635 578
Other 5 5 15 27
Total interest expense 1,501 1,828 4,786 5,761
Net interest income 10,028 10,439 30,619 30,964
Provision for loan losses 1,700 2,000 5,565 7,700
Net interest income after provision for loan losses 8,328 8,439 25,054 23,264
Noninterest income        
Service charges 1,108 1,233 3,243 3,350
Net gain on sale of securities     40 3
Net gain on sale of loans 183 53 456 73
ATM fees 440 473 1,323 1,371
Trust fees 527 505 1,596 1,577
Bank owned life insurance 151 173 476 477
Computer center data processing fees 60 60 202 193
Other 158 167 997 814
Total noninterest income 2,627 2,664 8,333 7,858
Noninterest expense        
Salaries, wages and benefits 5,207 5,144 15,603 14,588
Net occupancy expense 543 549 1,614 1,728
Equipment expense 293 343 897 1,059
Contracted data processing 246 200 705 612
FDIC assessment 212 240 714 971
State franchise tax 252 330 756 871
Professional services 676 509 2,080 1,505
Amortization of intangible assets 232 291 742 872
ATM expense 121 154 405 452
Marketing 193 157 581 540
Other operating expenses 1,166 1,682 4,648 5,071
Total noninterest expense 9,141 9,599 28,745 28,269
Income before taxes 1,814 1,504 4,642 2,853
Income tax expense 430 311 1,029 384
Net Income 1,384 1,193 3,613 2,469
Preferred stock dividends and discount accretion 316 293 903 881
Net income available to common shareholders $ 1,068 $ 900 $ 2,710 $ 1,588
Earnings per common share, basic and diluted $ 0.14 $ 0.12 $ 0.35 $ 0.21