Quarterly Information

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements [Abstract]

Note 25. Quarterly Information

The following tables provide unaudited financial information by quarter for each of the past two years:

Dollars in thousands except per share data		2010Q1		2010Q2		2010Q3		2010Q4		2011Q1		2011Q2		2011Q3		2011Q4
Balance Sheets
Cash	$	11,731	$	22,219	$	13,880	$	13,838	$	13,700	$	14,322	$	16,563	$	14,115
Interest-bearing deposits in other banks		-		-		-		100		100		100		100		-
Investments		296,465		279,141		353,416		400,609		435,387		427,248		456,481		408,863
FHLB & FRB stock, at cost		15,443		15,443		15,443		15,443		15,443		15,443		15,443		15,443
Net loans		924,877		921,271		905,324		877,086		881,134		872,314		853,484		851,988
Other assets		88,028		88,201		86,561		86,726		85,274		88,263		84,967		83,047
Total assets	$	1,336,544	$	1,326,275	$	1,374,624	$	1,393,802	$	1,431,038	$	1,417,690	$	1,427,038	$	1,373,456
Deposits	$	939,180	$	949,501	$	986,932	$	974,518	$	1,050,257	$	998,838	$	1,004,894	$	941,333
Borrowed funds		236,913		213,944		222,672		257,330		217,534		249,336		255,616		265,663
Other liabilities		11,909		12,385		12,790		12,106		11,703		13,306		15,990		15,602
Shareholders' equity		148,542		150,445		152,230		149,848		151,544		156,210		150,538		150,858
Total liabilities & equity	$	1,336,544	$	1,326,275	$	1,374,624	$	1,393,802	$	1,431,038	$	1,417,690	$	1,427,038	$	1,373,456
Income Statements
Interest income	$	14,133	$	14,215	$	14,570	$	14,342	$	14,254	$	13,997	$	13,898	$	13,553
Interest expense		4,112		4,258		4,317		3,984		3,749		3,774		3,670		3,516
Net interest income		10,021		9,957		10,253		10,358		10,505		10,223		10,228		10,037
Provision for loan losses		2,400		2,100		1,800		2,100		2,100		2,000		1,500		4,950
Net interest income after provision for loan losses		7,621		7,857		8,453		8,258		8,405		8,223		8,728		5,087
Non-interest income		2,175		2,282		2,067		2,611		2,277		2,234		2,080		5,159
Non-interest expense		6,282		5,895		6,228		6,725		6,488		6,250		6,934		6,366
Income before taxes		3,514		4,244		4,292		4,144		4,194		4,207		3,874		3,880
Income taxes		830		1,084		1,097		1,067		1,051		1,014		868		858
Net income	$	2,684	$	3,160	$	3,195	$	3,077	$	3,143	$	3,193	$	3,006	$	3,022
Less preferred stock premium amortization and dividends		337		337		337		337		337		337		353		181
Net income available to common shareholders	$	2,347	$	2,823	$	2,858	$	2,740	$	2,806	$	2,856	$	2,653	$	2,841
Basic earnings per share	$	0.24	$	0.29	$	0.29	$	0.28	$	0.29	$	0.29	$	0.27	$	0.29
Diluted earnings per share	$	0.24	$	0.29	$	0.29	$	0.28	$	0.29	$	0.29	$	0.27	$	0.29

- Definition

This element can be used to disclose the entire quarterly financial data disclosure in the annual financial statements as a single block of text. The disclosure includes a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Alternatively, the details of this disclosure can be reported using the elements in this group, or by using other taxonomy elements and applying the appropriate quarterly date and period contexts when creating an instance document. For example, the element for "Interest and Dividend Income, Operating" may be used by financial institutions from the Statement of Income, applying the appropriate quarterly date and period context when creating an instance document.

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