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Consolidated Statement of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INTEREST INCOME        
Interest and fees on loans $ 5,810 $ 5,555 $ 16,988 $ 16,255
Interest-bearing deposits in other institutions 7 4 19 8
Federal funds sold 6   13 13
Investment securities:        
Taxable interest 749 1,220 2,455 3,832
Tax-exempt interest 749 724 2,249 2,124
Dividends on stock 21 25 73 76
Total interest income 7,342 7,528 21,797 22,308
INTEREST EXPENSE        
Deposits 1,418 1,836 4,349 5,877
Short term borrowings 61 59 219 177
Other borrowings 78 100 244 313
Trust preferred securities 45 139 122 412
Total interest expense 1,602 2,134 4,934 6,779
NET INTEREST INCOME 5,740 5,394 16,863 15,529
Provision for loan losses 143 920 1,193 2,485
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 5,597 4,474 15,670 13,044
NONINTEREST INCOME        
Service charges on deposit accounts 481 455 1,383 1,299
Investment securities gains (losses), net 152 6 448 (16)
Earnings on bank-owned life insurance 71 70 208 209
Other income 164 155 640 487
Total noninterest income 868 686 2,679 1,979
NONINTEREST EXPENSE        
Salaries and employee benefits 1,705 1,754 5,255 5,388
Occupancy expense 233 242 703 737
Equipment expense 186 175 557 488
Data processing costs 184 162 574 515
Ohio state franchise tax 160 126 417 351
Federal deposit insurance expense 250 176 751 673
Professional fees 270 181 670 577
Losses on other real estate owned 188 195 238 498
Other expense 946 895 2,780 2,676
Total noninterest expense 4,122 3,906 11,945 11,903
Income before income taxes 2,343 1,254 6,404 3,120
Income taxes 494 175 1,392 319
NET INCOME $ 1,849 $ 1,079 $ 5,012 $ 2,801
EARNINGS PER SHARE        
Basic (in Dollars per share) $ 0.93 $ 0.63 $ 2.66 $ 1.69
Diluted (in Dollars per share) $ 0.93 $ 0.63 $ 2.65 $ 1.69
DIVIDENDS DECLARED PER SHARE (in Dollars per share) $ 0.26 $ 0.26 $ 0.78 $ 0.78