XML 31 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest and dividend income:      
Loans, including fees $ 24,480 $ 25,419 $ 24,903
Securities:      
Taxable 2,637 2,946 3,117
Tax-exempt 1,125 1,265 1,375
Other interest and dividends 72 35 12
Total interest and dividend income 28,314 29,665 29,407
Interest expense:      
Deposits 5,428 6,974 8,701
Federal Home Loan Bank advances 1,776 1,864 2,227
Other borrowings 645 741 733
Senior subordinated notes 567 567 341
Junior subordinated debentures 341 420 454
Total interest expense 8,757 10,566 12,456
Net interest income 19,557 19,099 16,951
Provision for loan losses 1,390 1,795 3,700
Net interest income after provision for loan losses 18,167 17,304 13,251
Noninterest income:      
Service fees 1,632 1,786 1,448
Mortgage banking, net 1,373 1,472 1,850
Investment and insurance sales commissions 631 633 464
Net gain (loss) on sale and writedown of securities 32 (20) 521
Increase in cash surrender value of bank-ownded life insurance 415 410 411
Gain (loss) on sale of premises and equipment 15 (6) (98)
Other noninterest income 1,239 1,088 980
Total noninterest income 5,337 5,363 5,576
Noninterest expense:      
Salaries and employee benefits 8,337 8,467 7,452
Occupancy and facilities 1,702 1,863 1,822
Loss on foreclosed assets 1,197 849 1,130
Data processing and other office operations 1,382 1,174 957
Advertising and promotion 291 355 355
FDIC insurance premiums 505 782 986
Other noninterest expenses 2,364 2,435 2,127
Total noninterest expense 15,778 15,925 14,829
Income before provision for income taxes 7,726 6,742 3,998
Provision for income taxes 2,421 1,988 882
Net income $ 5,305 $ 4,754 $ 3,116
Basic earnings per share $ 3.37 $ 3.04 $ 2.00
Diluted earnings per share $ 3.37 $ 3.04 $ 2.00