XML 90 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, 2012
Dec. 31, 2011
Dec. 31, 2010
INTEREST INCOME      
Loans receivable, including fees $ 25,494 $ 23,289 $ 21,101
Securities: Taxable 1,950 2,527 2,969
Securities: Tax exempt 1,938 1,901 1,560
Other 32 53 57
Total interest income 29,414 27,770 25,687
INTEREST EXPENSE      
Deposits 3,660 3,851 4,283
Short-term borrowings 53 92 117
Other borrowings 937 1,239 1,623
Total Interest Expense 4,650 5,182 6,023
Net Interest Income 24,764 22,588 19,664
PROVISION FOR LOAN LOSSES 2,450 1,575 1,000
Net Interest Income After Provision for Loan Losses 22,314 21,013 18,664
OTHER INCOME      
Service charges and fees 2,237 2,255 2,231
Income from fiduciary activities 355 409 405
Net realized gains on sales of securities 1,419 973 448
Gain on sale of loans and servicing rights 211 271 307
Earnings on life insurance policies 539 463 391
Other 445 364 282
Total Other Income 5,206 4,735 4,064
OTHER EXPENSES      
Salaries and employee benefits 8,403 7,848 6,507
Occupancy 1,539 1,402 1,136
Furniture and equipment 456 435 424
Data processing related operations 897 855 803
Federal Deposit Insurance Corporation insurance assessment 398 393 474
Advertising 222 205 187
Professional fees 811 1,283 650
Postage and telephone 424 510 484
Taxes, other than income 599 535 524
Foreclosed real estate 217 578 41
Amortization of intangible assets 153 108 52
Other 1,962 1,661 1,471
Total Other Expenses 16,081 15,813 12,753
Income before Income Taxes 11,439 9,935 9,975
INCOME TAX EXPENSE 3,036 2,579 2,662
Net Income $ 8,403 $ 7,356 $ 7,313
EARNINGS PER SHARE      
BASIC $ 2.56 $ 2.39 $ 2.65
DILUTED $ 2.56 $ 2.39 $ 2.64