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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
INTEREST INCOME    
Loans receivable, including fees $ 6,373 $ 4,928
Securities 1,026 1,090
Other 4 8
Total interest income 7,403 6,026
INTEREST EXPENSE    
Deposits 961 885
Short-term borrowings 11 24
Other borrowings 244 336
Total interest expense 1,216 1,245
NET INTEREST INCOME 6,187 4,781
PROVISION FOR LOAN LOSSES 350 220
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 5,837 4,561
OTHER INCOME    
Service charges and fees 554 549
Income from fiduciary activities 98 113
Net realized gains on sales of securities 402 212
Net gains on sale of loans 5 143
Other 232 191
Total other income 1,291 1,208
OTHER EXPENSES    
Salaries and employee benefits 2,151 1,701
Occupancy, furniture & equipment, net 487 398
Data processing related 232 215
Taxes, other than income 152 129
Professional fees 209 134
Merger related expenses 18 267
Federal Deposit Insurance Corporation insurance assessment 99 120
Foreclosed real estate owned 122 19
Other 677 551
Total other expenses 4,147 3,534
INCOME BEFORE INCOME TAXES 2,981 2,235
INCOME TAX EXPENSE 795 575
NET INCOME $ 2,186 $ 1,660
BASIC EARNINGS PER SHARE $ 0.67 $ 0.60
DILUTED EARNINGS PER SHARE $ 0.67 $ 0.60