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Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)

Note 21. Quarterly Results of Operations (Unaudited)

 

The following is a summary of consolidated unaudited quarterly results of operations:

 

2012
(Dollars in thousands,   Three months ended,  
except per share amounts)   December 31     September 30     June 30     March 31  
                         
Interest income   $ 3,828     $ 4,005     $ 3,928     $ 4,056  
Interest expense     767       810       830       848  
Net interest income     3,061       3,195       3,098       3,208  
Provision for credit losses     100       150       -       -  
Net securities gains     45       62       33       23  
Income before income taxes     761       833       805       940  
Net income     609       670       656       730  
Net income per share (basic and diluted)   $ 0.23     $ 0.24     $ 0.24     $ 0.27  

 

2011
(Dollars in thousands,   Three months ended,  
except per share amounts)   December 31     September 30     June 30     March 31  
                         
Interest income   $ 4,174     $ 4,349     $ 4,323     $ 4,286  
Interest expense     902       915       927       939  
Net interest income     3,272       3,434       3,396       3,347  
Provision for credit losses     288       150       -       225  
Net securities gains     63       85       73       188  
Income before income taxes     831       1,009       998       922  
Net income     756       770       758       709  
Net income per share (basic and diluted)   $ 0.28     $ 0.28     $ 0.28     $ 0.26  

 

2010
(Dollars in thousands,   Three months ended,  
except per share amounts)   December 31     September 30     June 30     March 31  
                         
Interest income   $ 4,387     $ 4,608     $ 4,612     $ 4,572  
Interest expense     993       1,397       1,431       1,478  
Net interest income     3,394       3,211       3,181       3,094  
Provision for credit losses     -       300       450       300  
Net securities gains     (1 )     176       -       -  
Income before income taxes     881       900       318       451  
Net income     655       689       322       399  
Net income per share (basic and diluted)   $ 0.24     $ 0.25     $ 0.12     $ 0.15