XML 56 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST INCOME      
Loans receivable, including fees $ 23,289 $ 21,101 $ 21,523
Securities: Taxable 2,527 2,969 4,131
Securities: Tax exempt 1,901 1,560 1,162
Other 53 57 19
Total Interest Income 27,770 25,687 26,835
INTEREST EXPENSE      
Deposits 3,851 4,283 5,765
Short-term borrowings 92 117 292
Other borrowings 1,239 1,623 1,669
Total Interest Expense 5,182 6,023 7,726
Net Interest Income 22,588 19,664 19,109
PROVISION FOR LOAN LOSSES 1,575 1,000 1,685
Net Interest Income after Provision for Loan Losses 21,013 18,664 17,424
OTHER INCOME      
Service charges and fees 2,255 2,231 2,476
Income from fiduciary activities 409 405 354
Net realized gains (losses) on sales of securities 973 448 463
Gains on sale of loans and servicing rights 271 307 481
Earnings on life insurance policies 463 391 1,196
Gains on sale of deposits     150
Other 364 282 272
Total Other Income 4,735 4,064 5,392
OTHER EXPENSES      
Salaries and employee benefits 7,848 6,507 6,829
Occupancy 1,402 1,136 1,133
Furniture and equipment 435 424 458
Data processing related operations 855 803 788
Federal Deposit Insurance Corporation insurance assessment 393 474 710
Advertising 205 187 186
Professional fees 1,283 650 411
Postage and telephone 510 484 487
Taxes, other than income 535 524 484
Foreclosed real estate owned 578 41 436
Amortization of intangible assets 108 52 52
Other 1,661 1,471 1,497
Total Other Expenses 15,813 12,753 13,471
Income before Income Taxes 9,935 9,975 9,345
INCOME TAX EXPENSE 2,579 2,662 2,282
Net Income $ 7,356 $ 7,313 $ 7,063
EARNINGS PER SHARE      
Basic $ 2.39 $ 2.65 $ 2.57
Diluted $ 2.39 $ 2.64 $ 2.55