XML 66 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
INTEREST INCOME    
Interest and fees on loans $ 8,628 $ 8,729
Interest bearing deposits 1 1
Short-term investments in money market funds 2 3
Investment securities:    
Available for sale 956 1,279
Held to maturity 115 112
Total Interest Income 9,702 10,124
INTEREST EXPENSE    
Deposits 1,350 1,762
Short-term borrowings 5 4
Advances from Federal Home Loan Bank 25 20
Guaranteed junior subordinated deferrable interest debentures 280 280
Total Interest Expense 1,660 2,066
NET INTEREST INCOME 8,042 8,058
Provision (credit) for loan losses (250) (625)
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR LOAN LOSSES 8,292 8,683
NON-INTEREST INCOME    
Trust fees 1,667 1,697
Investment advisory fees 214 193
Net realized gains on investment securities 71   
Net gains on sale of loans 386 276
Service charges on deposit accounts 511 535
Bank owned life insurance 201 215
Other income 766 758
Total Non-Interest Income 3,816 3,674
NON-INTEREST EXPENSE    
Salaries and employee benefits 6,331 5,986
Net occupancy expense 773 729
Equipment expense 455 451
Professional fees 1,035 923
Supplies, postage and freight 211 233
Miscellaneous taxes and insurance 376 355
Federal deposit insurance expense 134 129
Other expense 1,307 1,308
Total Non-Interest Expense 10,622 10,114
PRETAX INCOME 1,486 2,243
Provision for income tax expense 430 678
NET INCOME 1,056 1,565
Preferred stock dividends 52 263
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 1,004 $ 1,302
Basic:    
Net income $ 0.05 $ 0.06
Average number of shares outstanding 19,168 20,679
Diluted:    
Net income $ 0.05 $ 0.06
Average number of shares outstanding 19,257 20,722
Cash dividends declared $ 0.00 $ 0.00