XML 47 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
Mar. 31, 2014
Mar. 31, 2013
INTEREST INCOME    
Interest and fees on loans $ 5,694 $ 5,572
Interest-bearing deposits in other institutions 5 8
Federal funds sold 3 4
Investment securities:    
Taxable interest 509 674
Tax-exempt interest 755 733
Dividends on stock 23 23
Total interest income 6,989 7,014
INTEREST EXPENSE    
Deposits 940 1,297
Short-term borrowings 35 52
Other borrowings 32 46
Trust preferred securities 26 34
Total interest expense 1,033 1,429
NET INTEREST INCOME 5,956 5,585
Provision for loan losses 180 313
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 5,776 5,272
NONINTEREST INCOME    
Service charges on deposit accounts 441 447
Investment securities (losses) gains, net (6) 185
Earnings on bank-owned life insurance 67 68
Other income 213 168
Total noninterest income 715 868
NONINTEREST EXPENSE    
Salaries and employee benefits 2,016 1,871
Occupancy expense 321 274
Equipment expense 220 189
Data processing costs 214 213
Ohio state franchise tax 83 154
Federal deposit insurance expense 132 154
Professional fees 287 276
(Gain) loss on sale of other real estate owned (5) 8
Advertising expense 123 112
Other real estate expense 63 106
Directors fees 86 105
Other expense 689 539
Total noninterest expense 4,229 4,001
Income before income taxes 2,262 2,139
Income taxes 499 482
NET INCOME $ 1,763 $ 1,657
EARNINGS PER SHARE    
Basic (in Dollars per share) $ 0.87 $ 0.83
Diluted (in Dollars per share) $ 0.86 $ 0.82
DIVIDENDS DECLARED PER SHARE (in Dollars per share) $ 0.26 $ 0.26