XML 23 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
INTEREST AND DIVIDEND INCOME:    
Loans including fees $ 12,255 $ 11,705
Deposits with banks 2 42
Securities:    
Taxable 3,683 3,258
Tax-exempt 871 682
Dividends 13 7
Total interest and dividend income 16,824 15,694
INTEREST EXPENSE:    
Deposits 3,149 3,435
Borrowed funds 797 769
Subordinated debentures 201 191
Total interest expense 4,147 4,395
NET INTEREST INCOME 12,677 11,299
PROVISION FOR LOAN LOSSES 1,104 777
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 11,573 10,522
NON-INTEREST INCOME:    
Wealth and asset management fees 387 415
Service charges on deposit accounts 975 963
Other service charges and fees 432 352
Net realized and unrealized gains on securities for which fair value was elected 320 113
Mortgage banking 265 179
Bank owned life insurance 261 249
Other 209 240
Total fees and commissions 2,849 2,511
Total other-than-temporary impairment losses on available-for-sale securities 0 (398)
Less portion of loss recognized in other comprehensive income 0 0
Net impairment losses recognized in earnings   (398)
Net realized gains on available-for-sale securities 566 74
Net impairment losses recognized in earnings and realized gains on available-for-sale securities 566 (324)
Total non-interest income 3,415 2,187
NON-INTEREST EXPENSES:    
Salaries and benefits 4,725 4,243
Net occupancy expense of premises 1,149 1,199
FDIC insurance premiums 259 449
Other 2,881 2,400
Total non-interest expenses 9,014 8,291
INCOME BEFORE INCOME TAXES 5,974 4,418
INCOME TAX EXPENSE 1,627 1,141
NET INCOME $ 4,347 $ 3,277
EARNINGS PER SHARE:    
Basic $ 0.35 $ 0.27
Diluted $ 0.35 $ 0.27
DIVIDENDS PER SHARE:    
Cash dividends per share $ 0.165 $ 0.165