XML 15 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statement of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
INTEREST INCOME    
Interest and fees on loans$ 5,555$ 5,325$ 16,255$ 15,721
Interest-bearing deposits in other institutions43810
Federal funds sold 151338
Investment securities:    
Taxable interest1,2201,2903,8323,832
Tax-exempt interest7247022,1241,941
Dividends on stock25337682
Total interest income7,5287,36822,30821,624
INTEREST EXPENSE    
Deposits1,8362,3915,8777,249
Short term borrowings5966177186
Other borrowings100147313520
Trust preferred securities139148412412
Total interest expense2,1342,7526,7798,367
NET INTEREST INCOME5,3944,61615,52913,257
Provision for loan losses9201,2262,4852,355
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES4,4743,39013,04410,902
NONINTEREST INCOME    
Service charges on deposit accounts4554731,2991,321
Investment securities gains (losses), net618(16)45
Earnings on bank-owned life insurance7072209204
Other income155132487419
Total noninterest income6866951,9791,989
NONINTEREST EXPENSE    
Salaries and employee benefits1,7541,5435,3884,767
Occupancy expense242224737717
Equipment expense175156488558
Data processing costs162160515575
Ohio state franchise tax126134351404
Federal deposit insurance expense176197673589
Professional fees181110577490
Losses on other real estate owned195536498750
Other expense8956822,6762,278
Total noninterest expense3,9063,74211,90311,128
Income before income taxes1,2543433,1201,763
Income taxes (benefit)175(120)319(60)
NET INCOME$ 1,079$ 463$ 2,801$ 1,823
EARNINGS PER SHARE    
Basic$ 0.63$ 0.29$ 1.69$ 1.16
Diluted$ 0.63$ 0.29$ 1.69$ 1.16
DIVIDENDS DECLARED PER SHARE$ 0.26$ 0.26$ 0.78$ 0.78