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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income on:        
Loans, including fees $ 3,486 $ 3,686 $ 6,996 $ 7,395
U.S. Treasury and U.S. Government agency securities 412 533 753 1,013
State and municipal securities 399 339 783 660
Other 26 54 77 116
Total interest income 4,323 4,612 8,609 9,184
Interest expense on:        
Deposits 766 947 1,544 1,944
Short-term borrowings 1   4  
Long-term borrowings 160 264 318 525
Junior subordinated debentures   220   440
Total interest expense 927 1,431 1,866 2,909
Net interest income 3,396 3,181 6,743 6,275
Provision for credit losses   450 225 750
Net interest income after provision for credit losses 3,396 2,731 6,518 5,525
Other income:        
Service charges on deposit accounts 153 157 318 318
Other fees and commissions 202 205 396 392
Other non-interest income 2   5 3
Income on life insurance 59 67 120 134
Gains on investment securities 73   261  
Total other income 489 429 1,100 847
Other expenses:        
Salaries and employee benefits 1,636 1,654 3,278 3,349
Occupancy 200 197 429 420
Impairment of securities and stocks 70 66 92 66
Other expenses 981 925 1,899 1,768
Total other expenses 2,887 2,842 5,698 5,603
Income before income taxes 998 318 1,920 769
Income tax expense 240 (4) 453 48
Net income $ 758 $ 322 $ 1,467 $ 721
Basic and diluted earnings per share of common stock $ 0.28 $ 0.12 $ 0.54 $ 0.27
Weighted average shares of common stock outstanding 2,708,233 2,687,501 2,705,434 2,685,384
Dividends declared per share of common stock $ 0.10 $ 0.10 $ 0.20 $ 0.20