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Quarterly Condensed Statements of Income
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Condensed Statements of Income
Quarterly Condensed Statements of Income - Unaudited
The Company’s quarterly net income, net income per common share and dividends per common share during 2013 and 2012 are summarized as follows:
 
 
 
2013 Quarter Ended
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(in thousands, except per share amounts)
Total interest and dividend income
 
$
6,278

 
$
6,223

 
$
6,294

 
$
6,241

Net interest income after provision for loan losses
 
5,192

 
5,199

 
5,667

 
6,393

Noninterest income
 
1,932

 
2,469

 
1,581

 
1,480

Noninterest expenses
 
4,583

 
4,952

 
5,172

 
5,660

Income before income taxes
 
2,541

 
2,716

 
2,076

 
2,213

Net income
 
1,803

 
2,001

 
1,505

 
1,849

Net income per common share, basic
 
0.54

 
0.59

 
0.44

 
0.54

Net income per common share, diluted
 
0.53

 
0.59

 
0.44

 
0.54

Dividends per common share
 
0.19

 
0.19

 
0.19

 
0.19

 
 
 
 
 
 
 
 
 
 
 
2012 Quarter Ended
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(in thousands, except per share amounts)
Total interest and dividend income
 
$
6,739

 
$
6,762

 
$
6,586

 
$
6,479

Net interest income after provision for loan losses
 
5,527

 
5,624

 
4,716

 
5,655

Noninterest income
 
1,481

 
1,573

 
1,553

 
1,520

Noninterest expenses
 
4,613

 
4,380

 
4,577

 
4,970

Income before income taxes
 
2,395

 
2,817

 
1,692

 
2,205

Net income
 
1,714

 
2,002

 
1,253

 
1,581

Net income per common share, basic
 
0.52

 
0.60

 
0.38

 
0.47

Net income per common share, diluted
 
0.52

 
0.60

 
0.37

 
0.47

Dividends per common share
 
0.18

 
0.18

 
0.18

 
0.19