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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Loans        
Taxable $ 6,106 $ 6,251 $ 18,071 $ 18,273
Nontaxable 21 24 68 50
Securities        
Taxable 383 446 1,185 1,623
Nontaxable 156 172 449 810
Total interest income 6,666 6,893 19,773 20,756
Interest expense        
Deposits 694 976 2,316 3,035
Other borrowings 17 25 49 74
Repurchase Agreements 11 72 139 842
Federal Home Loan Bank advances 92 79 241 325
Trust preferred securities 418 356 1,451 1,049
Total interest expense 1,232 1,508 4,196 5,325
Net interest income 5,434 5,385 15,577 15,431
Provision for loan losses 300 297 950 1,694
Net interest income after provision for loan losses 5,134 5,088 14,627 13,737
Noninterest income        
Data service fees 485 743 1,704 2,959
Trust fees 646 629 1,895 1,993
Customer service fees 677 664 1,976 1,885
Gain on sale of mortgage loans and OMSR's 1,572 1,101 4,148 2,091
Mortgage loan servicing fees, net (192) (796) (28) (661)
Gain on sale of non-mortgage loans 170 0 170 81
Net gain on sales of securities 0 0 0 1,871
Loss on sale or disposal of assets (151) (27) (257) (287)
Other income 201 161 589 503
Total non-interest income 3,408 2,475 10,197 10,435
Noninterest expense        
Salaries and employee benefits 3,597 3,583 10,693 10,686
Net occupancy expense 515 568 1,591 1,669
Equipment expense 722 690 2,145 2,119
FDIC insurance expense 91 145 528 717
Data processing fees 103 158 337 494
Professional fees 451 377 1,226 1,428
Marketing expense 85 89 278 235
Printing and office supplies 39 86 184 281
Telephone and communication 151 141 434 441
Postage and delivery expense 223 260 652 863
State, local and other taxes 128 103 366 381
Employee expense 118 143 343 411
Other intangible amortization expense 157 185 472 579
OREO Impairment 0 0 58 0
Other expenses 345 295 965 1,977
Total non-interest expense 6,725 6,823 20,272 22,281
Income before income tax expense 1,817 740 4,552 1,890
Income tax expense 513 137 1,262 500
Net income $ 1,304 $ 603 $ 3,290 $ 1,390
Common share data:        
Basic earnings per common share (in dollars per share) $ 0.27 $ 0.12 $ 0.68 $ 0.29
Diluted earnings per common share (in dollars per share) $ 0.27 $ 0.12 $ 0.68 $ 0.29
Average shares outstanding (in thousands):        
Basic: (in shares) 4,862 4,862 4,862 4,862
Diluted: (in shares) 4,862 4,862 4,862 4,862