SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA

12 Months Ended

Dec. 31, 2012

SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA [Abstract]

SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA

25. SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA

The following table sets forth certain unaudited quarterly consolidated financial data regarding the Company:

2012 QUARTER ENDED

DEC. 31

SEPT. 30

JUNE 30

MARCH 31

(IN THOUSANDS, EXCEPT PER SHARE DATA)

Interest income

9,878

10,030

9,885

10,124

Interest expense

1,796

1,888

1,964

2,066

Net interest income

8,082

8,142

7,921

8,058

Provision (credit) for loan losses

550

(200)

(500)

(625)

Net interest income after provision (credit) for loan losses

7,532

8,342

8,421

8,683

Non-interest income

3,887

3,649

3,733

3,674

Non-interest expense

10,373

10,087

10,067

10,114

Income before income taxes

1,046

1,904

2,087

2,243

Provision for income taxes

311

597

655

678

Net income

735

1,307

1,432

1,565

Basic earnings per common share

0.04

0.05

0.06

Diluted earnings per common share

0.04

0.05

0.06

Cash dividends declared per common share

0.00


	2011 QUARTER ENDED
	DEC. 31			SEPT. 30			JUNE 30			MARCH 31
	(IN THOUSANDS, EXCEPT PER SHARE DATA)
Interest income	$	10,346		$	10,492		$	10,530		$	10,596
Interest expense		2,233			2,374			2,444			2,630
Net interest income		8,113			8,118			8,086			7,966
Provision (credit) for loan losses		(1,250	)		(550	)		(1,175	)		(600	)
Net interest income after provision (credit) for loan losses		9,363			8,668			9,261			8,566
Non-interest income		3,486			3,524			3,454			3,105
Non-interest expense		10,359			9,882			9,877			9,919
Income before income taxes		2,490			2,310			2,838			1,752
Provision for income taxes		720			744			900			489
Net income	$	1,770		$	1,566		$	1,938		$	1,263
Basic earnings per common share	$	0.07		$	0.05		$	0.08		$	0.05
Diluted earnings per common share		0.07			0.05			0.08			0.05
Cash dividends declared per common share		0.00			0.00			0.00			0.00

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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