XML 32 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income:      
Taxable $ 21,639 $ 19,417 $ 18,484
Tax-exempt 1,362 1,116 962
Interest and dividends on investment securities available-for-sale      
Taxable 2,610 2,943 2,611
Tax-exempt 1,660 2,027 2,118
Dividends 33 44 64
Interest on interest-bearing deposits in other banks 12 4 17
Interest on federal funds sold 34 26 17
Total interest income 27,350 25,577 24,273
Interest expense:      
Interest on deposits 4,423 4,696 5,328
Interest on short-term borrowings 310 389 315
Interest on long-term debt 906 1,413 1,615
Total interest expense 5,639 6,498 7,258
Net interest income 21,711 19,079 17,015
Provision for loan losses 1,794 2,202 1,735
Net interest income after provision for loan losses 19,917 16,877 15,280
Noninterest income:      
Service charges, fees, commissions and other 2,955 3,442 3,014
Wealth management income 657 305 341
Mortgage banking income 346 417 438
Net gain (loss) on sale of investment securities available-for-sale 25 346 (492)
Other-than-temporary impairment of investment equity securities (87) (164) (206)
Net gain (loss) on sale of other real estate 1,671 (56) (13)
Total noninterest income 5,567 4,290 3,082
Noninterest expense:      
Salaries and employee benefits expense 6,435 5,498 5,532
Net occupancy and equipment expense 2,879 2,501 2,413
Other expenses 5,996 5,246 4,445
Total noninterest expense 15,310 13,245 12,390
Income before income taxes 10,174 7,922 5,972
Provision for income taxes 2,357 1,437 923
Net income 7,817 6,485 5,049
Other comprehensive income:      
Unrealized gain on investment securities available-for-sale 6,725 2,339 3,084
Reclassification adjustment for (gain) loss on sales included in net income (25) (346) 492
Reclassification adjustment for other-than-temporary impairment 87 164 206
Income taxes related to other comprehensive income 2,308 733 1,285
Other comprehensive income, net of income taxes 4,479 1,424 2,497
Comprehensive income $ 12,296 $ 7,909 $ 7,546
Net income:      
Basic (in dollars per share) $ 2.49 $ 2.07 $ 1.61
Diluted (in dollars per share) $ 2.49 $ 2.06 $ 1.61
Average common shares outstanding:      
Basic (in shares) 3,136,663 3,139,606 3,133,518
Diluted (in shares) 3,138,167 3,141,468 3,133,764
Dividends declared (in dollars per share) $ 0.80 $ 0.79 $ 0.76