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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
INTEREST INCOME:        
Interest and fees on loans $ 5,435 $ 6,053 $ 10,846 $ 12,137
Interest on deposits in other banks 29 16 59 34
Interest on Federal funds sold 0 1 0 1
Interest and dividends on investment securities:        
Taxable 352 880 753 1,953
Exempt from Federal income taxes 1,398 1,078 2,736 2,115
Total interest income 7,214 8,028 14,394 16,240
INTEREST EXPENSE:        
Interest on deposits 312 455 605 936
Interest on junior subordinated deferrable interest debentures 24 26 49 55
Other 0 37 17 73
Total interest expense 336 518 671 1,064
Net interest income before provision for credit losses 6,878 7,510 13,723 15,176
PROVISION FOR CREDIT LOSSES 0 100 0 500
Net interest income after provision for credit losses 6,878 7,410 13,723 14,676
NON-INTEREST INCOME:        
Service charges 673 676 1,371 1,365
Appreciation in cash surrender value of bank owned life insurance 97 96 193 190
Loan placement fees 214 99 379 227
Net realized gain on sale of assets 1 4 1 4
Net gain on disposal of other real estate owned 0 14 0 12
Net realized gains on sales of investment securities 320 97 1,133 444
Federal Home Loan Bank dividends 32 3 54 7
Other income 491 482 923 880
Total non-interest income 1,828 1,471 4,054 3,129
NON-INTEREST EXPENSES:        
Salaries and employee benefits 3,974 3,957 7,868 8,086
Occupancy and equipment 901 877 1,802 1,758
Regulatory assessments 154 169 297 325
Data processing expense 289 283 592 577
Advertising 80 140 222 280
Audit and accounting fees 136 125 271 253
Legal fees 71 54 102 82
Merger expenses 380 0 513 0
Other real estate owned, net 0 9 0 72
Amortization of core deposit intangibles 50 50 100 100
Other expense 1,189 1,054 2,390 2,103
Total non-interest expenses 7,224 6,718 14,157 13,636
Income before provision for income taxes 1,482 2,163 3,620 4,169
Provision for income taxes 195 454 550 747
Net income 1,287 1,709 3,070 3,422
Preferred stock dividends and accretion 88 87 175 175
Net income available to common shareholders $ 1,199 $ 1,622 $ 2,895 $ 3,247
Net income per common share:        
Basic earnings per common share (in dollars per share) $ 0.13 $ 0.17 $ 0.30 $ 0.34
Weighted average common shares used in basic computation (in shares) 9,587,376 9,592,045 9,573,257 9,581,172
Diluted earnings per common share (in dollars per share) $ 0.12 $ 0.17 $ 0.30 $ 0.34
Weighted average common shares used in diluted computation (in shares) 9,644,938 9,618,976 9,629,771 9,604,056
Cash dividend per common share $ 0.05 $ 0 $ 0.10 $ 0