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Consolidated Statements of Earnings (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
Interest income:        
Loans, including fees $ 5,548 $ 5,393 $ 16,303 $ 16,051
Securities 1,653 2,253 5,482 7,404
Federal funds sold and interest bearing bank deposits 11 14 32 37
Total interest income 7,212 7,660 21,817 23,492
Interest expense:        
Deposits 1,509 1,958 4,839 6,220
Short-term borrowings 4 3 13 9
Long-term debt interest expense 440 854 1,393 2,547
Total interest expense 1,953 2,815 6,245 8,776
Net interest income 5,259 4,845 15,572 14,716
Provision for loan losses 1,550 600 2,750 1,800
Net interest income after provision for loan losses 3,709 4,245 12,822 12,916
Noninterest income:        
Service charges on deposit accounts 268 301 838 882
Mortgage lending 1,038 566 2,492 1,334
Bank-owned life insurance gain 120 127 332 341
Gain on sale of affordable housing investments 0 0 3,268 0
Affordable housing investment losses 0 (231) 0 (461)
Other noninterest income 413 349 1,157 1,057
Securities gains, net:        
Realized gains, net 178 451 738 901
Total other-than-temporary impairments 0 (156) (130) (468)
Non-credit portion of other-than-temporary impairments (transferred from) recognized in other comprehensive income 0 (80) 0 130
Total securities gains (losses), net 178 215 608 563
Total noninterest income 2,017 1,327 8,695 3,716
Noninterest expense:        
Salaries and benefits 2,209 2,147 6,557 6,090
Net occupancy and equipment 345 364 1,019 1,038
Professional fees 163 190 538 550
FDIC and other regulatory assessments 153 178 521 659
Other real estate owned, net 119 506 182 1,207
Prepayment penalty on long-term debt 0 0 3,720 0
Other noninterest expense 781 883 2,823 2,626
Total noninterest expense 3,770 4,268 15,360 12,170
Earnings before income taxes 1,956 1,304 6,157 4,462
Income tax expense (benefit) 347 (63) 1,054 89
Net earnings $ 1,609 $ 1,367 $ 5,103 $ 4,373
Net earnings per share:        
Earnings per share basic and diluted $ 0.44 $ 0.38 $ 1.40 $ 1.20
Weighted average shares outstanding:        
Basic and diluted weighted average shares outstanding 3,642,876 3,642,738 3,642,807 3,642,735