XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement of Income (Unaudited) (USD $)
In Thousands, except Per 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 $ 5,550 $ 5,641 $ 11,122 $ 11,178
Interest-bearing deposits in other institutions 9 8 17 12
Federal funds sold 4 4 8 7
Investment securities:        
Taxable interest 625 791 1,299 1,706
Tax-exempt interest 744 753 1,477 1,500
Dividends on stock 15 26 38 52
Total interest income 6,947 7,223 13,961 14,455
INTEREST EXPENSE        
Deposits 1,219 1,434 2,516 2,931
Short-term borrowings 47 99 99 158
Other borrowings 44 82 90 166
Trust preferred securities 47 31 81 77
Total interest expense 1,357 1,646 2,786 3,332
NET INTEREST INCOME 5,590 5,577 11,175 11,123
Provision for loan losses 300 450 613 1,050
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 5,290 5,127 10,562 10,073
NONINTEREST INCOME        
Service charges on deposit accounts 511 471 958 902
Investment securities gains (losses), net (10) 296 175 296
Earnings on bank-owned life insurance 75 69 143 137
Gain on sale of loans       85
Other income 243 181 411 391
Total noninterest income 819 1,017 1,687 1,811
NONINTEREST EXPENSE        
Salaries and employee benefits 1,906 1,800 3,777 3,550
Occupancy expense 248 222 522 470
Equipment expense 186 201 375 371
Data processing costs 187 191 400 390
Ohio state franchise tax 149 128 303 257
Federal deposit insurance expense 64 258 218 501
Professional fees 291 186 567 400
(Gain) loss on sale of other real estate owned (13) 32 (5) 50
Advertising expense 111 112 223 232
Other real estate expense 90 213 196 273
Directors Fees 133 106 238 182
Other expense 596 592 1,135 1,147
Total noninterest expense 3,948 4,041 7,949 7,823
Income before income taxes 2,161 2,103 4,300 4,061
Income taxes 476 463 958 898
NET INCOME $ 1,685 $ 1,640 $ 3,342 $ 3,163
EARNINGS PER SHARE        
Basic (in Dollars per share) $ 0.84 $ 0.85 $ 1.66 $ 1.72
Diluted (in Dollars per share) $ 0.83 $ 0.85 $ 1.66 $ 1.72
DIVIDENDS DECLARED PER SHARE (in Dollars per share) $ 0.26 $ 0.26 $ 0.52 $ 0.52