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CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest income:    
Taxable $ 3,875 $ 4,143
Tax-exempt 83 95
Investment securities:    
Taxable 635 702
Tax-exempt 584 591
Total interest income 5,177 5,531
Interest expense:    
Deposits 386 592
Borrowings 409 447
Total interest expense 795 1,039
Net interest income 4,382 4,492
Provision for loan losses 300 300
Net interest income after provision for loan losses 4,082 4,192
Non-interest income:    
Fees and service charges 1,308 1,174
Gains on sales of loans, net 1,030 1,204
Bank owned life insurance 153 151
Other 143 143
Total non-interest income 2,634 2,672
Investment securities:    
Net impairment losses 0 (63)
Gains on sales of investment securities 0 227
Investment securities gains, net 0 164
Non-interest expense:    
Compensation and benefits 2,453 2,386
Occupancy and equipment 702 702
Professional fees 225 273
Amortization of intangibles 223 211
Data processing 217 195
Advertising 107 121
Federal deposit insurance premiums 108 92
Foreclosure and real estate owned expense 41 11
Other 805 738
Total non-interest expense 4,881 4,729
Earnings before income taxes 1,835 2,299
Income tax expense 395 572
Net earnings $ 1,440 $ 1,727
Earnings per share:    
Basic (1) (in dollars per share) $ 0.49 [1] $ 0.59 [1]
Diluted (1) (in dollars per share) $ 0.48 [1] $ 0.59 [1]
Dividends per share (1) (in dollars per share) $ 0.19 [1] $ 0.18 [1]
[1] Share and per share values for the period ended March 31, 2012 have been adjusted to give effect to the 5% stock dividend paid during December 2012.