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Condensed Consolidated Statements of Income - Unaudited (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest Income    
Loans $ 4,967 $ 4,728
Securities - taxable 484 942
Securities - non-taxable 303 421
Total interest income 5,754 6,091
Interest Expense    
Deposits 1,628 1,821
Other borrowed funds 308 338
Total interest expense 1,936 2,159
Net Interest Income 3,818 3,932
Provision for Loan Losses 134 570
Net Interest Income After Provision for Loan Losses 3,684 3,362
Noninterest Income    
Service charges and fees 234 265
Gain on loans sold 3,011 1,750
Other-than-temporary impairment    
Total loss related to other than temporarily impaired securities (979) 0
Portion of loss recognized in other comprehensive income (loss) 945 0
Other-than-temporary impairment loss recognized in net income (34) 0
Gain (loss) on sale of securities (185) 40
Loss on asset disposals (79) (110)
Other 198 93
Total noninterest income 3,145 2,038
Noninterest Expense    
Salaries and employee benefits 2,379 1,991
Marketing, advertising and promotion 372 391
Professional services 653 328
Data processing 214 230
Loan expenses 80 185
Net occupancy expenses 401 412
Deposit insurance premium 112 98
Other 435 247
Total noninterest expense 4,646 3,882
Income Before Income Taxes 2,183 1,518
Income Tax Provision 695 372
Net Income $ 1,488 $ 1,146
Income Per Share of Common Stock    
Basic (in dollars per share) $ 0.77 $ 0.60
Diluted (in dollars per share) $ 0.77 $ 0.60
Weighted-Average Number of Common Shares Outstanding    
Basic (in shares) 1,924,148 1,909,723
Diluted (in shares) 1,924,148 1,909,723
Dividends Declared Per Share $ 0.06 $ 0.00