XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Earnings (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income:    
Loans, including fees $ 4,790 $ 5,328
Securities 1,803 1,616
Federal funds sold and interest bearing bank deposits 42 31
Total interest income 6,635 6,975
Interest expense:    
Deposits 1,257 1,404
Short-term borrowings 4 4
Long-term debt interest expense 104 426
Total interest expense 1,365 1,834
Net interest income 5,270 5,141
Provision for loan losses (400) 400
Net interest income after provision for loan losses 5,670 4,741
Noninterest income:    
Service charges on deposit accounts 213 249
Mortgage lending 386 810
Bank-owned life insurance gain 126 95
Other noninterest income 338 340
Securities (losses) gains, net:    
Realized gains, net 26 161
Total other-than-temporary impairments (333) 0
Total securities (losses) gains, net (307) 161
Total noninterest income 756 1,655
Noninterest expense:    
Salaries and benefits 2,281 2,250
Net occupancy and equipment 352 331
Professional fees 206 176
FDIC and other regulatory assessments 145 194
Other real estate owned, net 118 23
Prepayment penalty on long-term debt 0 425
Other noninterest expense 846 827
Total noninterest expense 3,948 4,226
Earnings before income taxes 2,478 2,170
Income tax expense 657 481
Net earnings $ 1,821 $ 1,689
Net earnings per share:    
Earnings per share basic and diluted $ 0.5 $ 0.46
Weighted average shares outstanding:    
Basic and diluted weighted average shares outstanding 3,643,161 3,642,918