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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 $ 5,965 $ 6,140 $ 17,591 $ 18,296
Securities:        
Taxable 578 658 1,725 2,041
Tax-exempt 372 280 934 858
Other interest and dividends 18 17 57 56
Total interest and dividend income 6,933 7,095 20,307 21,251
Interest expense:        
Deposits 1,037 1,375 3,259 4,200
FHLB advances 356 464 1,061 1,380
Other borrowings 150 162 447 494
Senior subordinated notes 141 142 425 425
Junior subordinated debentures 86 85 256 255
Total interest expense 1,770 2,228 5,448 6,754
Net interest income 5,163 4,867 14,859 14,497
Provision for loan losses    360 325 1,150
Net interest income after provision for loan losses 5,163 4,507 14,534 13,347
Noninterest income:        
Service fees 424 436 1,239 1,223
Mortgage banking, net 462 278 1,213 984
Investment and insurance sales commissions 186 198 562 470
Increase in cash surrender value of bank-ownded life insurance 102 103 304 311
Gain on bargain purchase       851   
Other noninterest income 270 352 840 973
Total noninterest income 1,444 1,367 5,009 3,961
Noninterest expense:        
Salaries and employee benefits 2,329 2,210 6,709 6,311
Occupancy and facilities 408 384 1,210 1,249
Loss on foreclosed assets 330 66 567 639
Data processing and other office operations 892 375 1,724 1,001
Advertising and promotion 71 90 235 205
FDIC insurance premiums 123 59 335 397
Other noninterest expenses 707 651 2,263 1,855
Total noninterest expense 4,860 3,835 13,043 11,657
Income before provision for income taxes 1,747 2,039 6,500 5,651
Provision for income taxes 521 645 2,176 1,746
Net income $ 1,226 $ 1,394 $ 4,324 $ 3,905
Basic earnings per share $ 0.74 $ 0.85 $ 2.60 $ 2.36
Diluted earnings per share $ 0.74 $ 0.84 $ 2.60 $ 2.36