Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)

Note 20. Quarterly Results of Operations (Unaudited)

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


2013
(Dollars in thousands,	Three months ended,
except per share amounts)	December 31		September 30		June 30		March 31

Interest income	$	4,004	$	3,940	$	3,708	$	3,630
Interest expense		571		675		699		717
Net interest income		3,433		3,265		3,009		2,913
Provision for credit losses		260		-		-		-
Net securities gains		71		150		122		2
Income before income taxes		814		1,039		788		607
Net income		650		795		640		529
Net income per share (basic and diluted)	$	0.23	$	0.29	$	0.24	$	0.19


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

- 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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