XML 16 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income on:        
Loans, including fees $ 3,048 $ 3,255 $ 6,051 $ 6,619
U.S. Treasury and U.S. Government agency securities 215 211 402 465
State and municipal securities 426 438 844 855
Other 19 24 41 45
Total interest income 3,708 3,928 7,338 7,984
Interest expense on:        
Deposits 539 670 1,098 1,358
Short-term borrowings    1    1
Long-term borrowings 160 159 318 319
Total interest expense 699 830 1,416 1,678
Net interest income 3,009 3,098 5,922 6,306
Provision for credit losses            
Net interest income after provision for credit losses 3,009 3,098 5,922 6,306
Other income:        
Service charges on deposit accounts 132 132 270 275
Other fees and commissions 186 191 361 378
Other non-interest income 4 4 10 9
Income on life insurance 58 62 116 122
Gains on investment securities 122 33 124 56
Total other income 502 422 881 840
Other expenses:        
Salaries and employee benefits 1,673 1,726 3,328 3,458
Occupancy 195 200 397 397
Other expenses 855 789 1,683 1,546
Total other expenses 2,723 2,715 5,408 5,401
Income before income taxes 788 805 1,395 1,745
Income tax expense 148 149 226 359
Net income $ 640 $ 656 $ 1,169 $ 1,386
Basic and diluted earnings per share of common stock (in dollars per share) $ 0.24 $ 0.24 $ 0.43 $ 0.51
Weighted average shares of common stock outstanding (in shares) 2,740,132 2,726,428 2,740,132 2,724,423
Dividends declared per share of common stock (in dollars per share) $ 0.10 $ 0.10 $ 0.20 $ 0.20