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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 $ 5,785 $ 6,112 $ 11,626 $ 12,156
Securities:        
Taxable 575 705 1,147 1,383
Tax-exempt 299 281 562 578
Other interest and dividends 20 15 39 39
Total interest and dividend income 6,679 7,113 13,374 14,156
Interest expense:        
Deposits 1,070 1,396 2,222 2,825
FHLB advances 353 459 705 916
Other borrowings 149 165 297 332
Senior subordinated notes 142 141 284 283
Junior subordinated debentures 85 86 170 170
Total interest expense 1,799 2,247 3,678 4,526
Net interest income 4,880 4,866 9,696 9,630
Provision for loan losses 165 430 325 790
Net interest income after provision for loan losses 4,715 4,436 9,371 8,840
Noninterest income:        
Service fees 413 408 815 787
Mortgage banking, net 439 281 751 706
Investment and insurance sales commissions 238 142 376 272
Increase in cash surrender value of bank-ownded life insurance 101 102 202 208
Gain on bargain purchase 851 0 851 0
Other noninterest income 281 264 570 621
Total noninterest income 2,323 1,197 3,565 2,594
Noninterest expense:        
Salaries and employee benefits 2,217 1,991 4,380 4,101
Occupancy and facilities 396 412 802 865
Loss on foreclosed assets 4 278 237 573
Data processing and other office operations 428 313 832 626
Advertising and promotion 106 54 164 115
FDIC insurance premiums 105 149 212 338
Other noninterest expenses 808 672 1,556 1,204
Total noninterest expense 4,064 3,869 8,183 7,822
Income before provision for income taxes 2,974 1,764 4,753 3,612
Provision for income taxes 1,056 538 1,655 1,101
Net income $ 1,918 $ 1,226 $ 3,098 $ 2,511
Basic earnings per share $ 1.15 $ 0.74 $ 1.86 $ 1.52
Diluted earnings per share $ 1.15 $ 0.74 $ 1.86 $ 1.51