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CONDENSED CONSOLIDATED STATEMENT OF INCOME & COMPREHENSIVE INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest Income        
Loans, including fees $ 6,244 $ 6,564 $ 18,411 $ 20,165
Debt securities:        
U.S. Treasury securities 64 93 189 266
Securities of U.S. Government Agencies 971 1,012 2,979 3,092
Municipalities 513 555 1,562 1,583
Dividends 47 46 141 141
Federal funds sold   2 11 13
Other 5 6 18 19
Total interest income 7,844 8,278 23,311 25,279
Interest Expense        
Deposits 1,023 1,345 3,229 4,254
Federal funds purchased and securities sold under agreements to repurchase 62 63 184 184
Borrowed funds 44 124 133 371
Total interest expense 1,129 1,532 3,546 4,809
Net Interest Income - Before provision for loan losses 6,715 6,746 19,765 20,470
Provision for Loan Losses (Note 4) 303 236 582 442
Net Interest Income After Provision For Loan Losses 6,412 6,510 19,183 20,028
Noninterest Income        
Customer service fees 1,252 1,239 3,869 3,808
Other service charges and fees 995 943 2,824 2,561
Net gain (loss) on sale of other assets owned (21) (209) (147) (486)
Net gain on sale of loans 176 602 978 1,385
Net gain on sale of securities 134 30 732 199
Total noninterest income 2,536 2,605 8,256 7,467
Noninterest Expenses        
Salaries and Wages 2,460 2,303 7,156 6,782
Pension and other employee benefits 819 713 2,273 2,285
Occupancy expense (net) 291 268 909 1,059
Furniture and equipment 350 371 1,057 1,072
Data processing 301 292 911 843
Franchise taxes 255 237 765 710
FDIC Assessment 146 126 406 345
Mortgage servicing rights amortization 88 177 345 549
Other general and administrative 1,382 1,240 4,165 3,690
Total Noninterest Expense 6,092 5,727 17,987 17,335
Income Before Federal Income Taxes 2,856 3,388 9,452 10,160
Federal Income Taxes 791 947 2,732 2,897
Net Income 2,065 2,441 6,720 7,263
Other Comprehensive Income (Net of Tax):        
Unrealized gains (loss) on securities (159) 589 (5,825) 7,353
Comprehensive Income $ 1,906 $ 3,030 $ 895 $ 14,616
Net Income Per Share $ 0.45 $ 0.52 $ 1.44 $ 1.55
Weighted Average Shares Outstanding 4,682,655 4,685,879 4,682,092 4,698,364
Dividends Declared $ 0.20 $ 0.20 $ 0.60 $ 0.58