XML 83 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Earnings (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income:      
Loans, including fees $ 21,943 $ 21,306 $ 21,809
Securities 7,070 9,343 11,633
Federal funds sold and interest bearing bank deposits 54 57 30
Total interest income 29,067 30,706 33,472
Interest expense:      
Deposits 6,324 8,068 10,038
Short-term borrowings 16 12 23
Long-term debt interest expense 1,830 3,401 4,512
Total interest expense 8,170 11,481 14,573
Net interest income 20,897 19,225 18,899
Provision for loan losses 3,815 2,450 3,580
Net interest income after provision for loan losses 17,082 16,775 15,319
Noninterest income:      
Service charges on deposit accounts 1,111 1,167 1,280
Mortgage lending 3,445 1,922 2,494
Bank-owned life insurance gain 445 460 452
Gain on sale of affordable housing investments 3,268 0 0
Affordable housing investment losses 0 (646) (323)
Other noninterest income 1,535 1,396 1,392
Securities gains, net:      
Realized gains, net 809 1,216 3,451
Total other-than-temporary impairments (130) (468) (2,238)
Non-credit portion of other-than-temporary impairments recognized in other comprehensive income 0 130 210
Total securities gains (losses), net 679 878 1,423
Total noninterest income 10,483 5,177 6,718
Noninterest expense:      
Salaries and benefits 8,691 8,167 7,402
Net occupancy and equipment 1,332 1,404 1,450
Professional fees 704 735 702
FDIC and other regulatory assessments 686 792 1,092
Other real estate owned, net 323 2,007 1,378
Prepayment penalty on long-term debt 3,720 0 679
Other noninterest expense 3,927 3,252 3,190
Total noninterest expense 19,383 16,357 15,893
Earnings before income taxes 8,182 5,595 6,144
Income tax expense (benefit) 1,419 57 798
Net earnings $ 6,763 $ 5,538 $ 5,346
Net earnings per share:      
Basic and diluted earnings per share $ 1.86 $ 1.52 $ 1.47
Weighted average shares outstanding:      
Basic and diluted weighted average shares outstanding 3,642,831 3,642,735 3,642,851