Table 3 - Selected Quarterly Financial Data (a) Tax-equivalent. See "Table 1 - Explanation of Non-GAAP Financial Measures". (b) Efficiency ratio is the result of noninterest expense divided by the sum of noninterest income and tax-equivalent net interest income. NM - not meaningful page 25 Financial Tables 2011 2010 (Dollars in thousands, except per share  amounts) Fourth Third Second First Fourth Third Second First Income statement Tax-equivalent interest income (a) $ 7,629 8,089 8,438 8,269 8,423 8,819 8,899 9,096 Total interest expense 2,705 2,815 2,941 3,020 3,340 3,632 3,773 3,828 Tax equivalent net interest income (a) 4,924 5,274 5,497 5,249 5,083 5,187 5,126 5,268 Provision for loan losses 650 600 600 600 650 730 750 1,450 Total noninterest income  1,461 1,327 1,300 1,089 131 1,662 2,712 2,213 Total noninterest expense 4,187 4,268 4,308 3,594 3,440 4,171 4,729 3,553 Net earnings before income taxes and  tax-equivalent adjustment 1,548 1,733 1,889 2,144 1,124 1,948 2,359 2,478 Tax-equivalent adjustment 415 429 440 435 441 449 438 437 Income tax (benefit) expense  (32) (63) (8) 160 (195) 255 314 424 Net earnings $ 1,165 1,367 1,457 1,549 878 1,244 1,607 1,617 Per share data: Basic and diluted net earnings  $ 0.32 0.38 0.40 0.43 0.24 0.34 0.44 0.44 Cash dividends declared 0.20 0.20 0.20 0.20 0.195 0.195 0.195 0.195 Weighted average shares outstanding Basic and diluted 3,642,738 3,642,738 3,642,738 3,642,728 3,642,718 3,642,701 3,642,877 3,643,116 Shares outstanding, at period end 3,642,738 3,642,718 3,642,693 3,643,112 Book value  $ 17.96 17.69 16.77 15.87 15.47 16.73 16.21 15.86 Common stock price High $ 19.65 19.70 19.91 20.37 22.00 22.00 21.00 21.95 Low 18.52 19.10 19.40 19.51 19.50 18.08 16.86 17.61 Period-end $ 19.65 19.75 19.56 20.06 20.35 18.80 20.65 To earnings ratio  12.10 x 13.55 14.01 13.49 13.74 15.78 15.41 19.86 To book value 103 % 111 118 123 130 122 116 130 Performance ratios: Return on average equity  7.15 % 8.81 9.90 10.84 5.68 8.31 10.96 11.31 Return on average assets  0.61 0.72 0.75 0.80 0.45 0.64 0.82 0.82 Dividend payout ratio 62.50 % 52.63 50.00 46.51 81.25 57.35 44.32 44.32 Average equity to average assets 8.50 8.12 7.58 7.36 8.00 7.68 7.47 7.30 Asset Quality: Allowance for loan losses as a % of: Loans 1.87 % 1.69 2.07 2.13 2.05 1.91 1.75 1.72 Nonperforming loans  67 60 95 70 65 82 72 60 Nonperforming assets as a % of : Loans and foreclosed properties 4.83 % 4.78 4.57 5.20 5.22 4.42 4.05 4.65 Total assets 2.35 2.39 2.25 2.51 2.61 2.18 1.98 2.28 Nonperforming loans as % of loans 2.80 % 2.80 2.18 3.03 3.16 2.34 2.43 2.87 Net charge-offs as % of average loans 0.08 2.14 0.76 0.45 0.16 0.14 0.76 1.48 Capital Adequacy: Tier 1 risk-based capital ratio 15.40 % 15.25 14.95 14.84 14.57 14.53 14.25 13.76 Total risk-based capital ratio 16.66 16.51 16.20 16.09 15.82 15.78 15.49 15.01 Tier 1 Leverage ratio 8.82 % 8.87 8.65 8.56 8.47 8.39 8.27 8.17 Other financial data: Net interest margin (a) 2.77 % 2.98 3.09 2.98 2.81 2.85 2.82 2.94 Effective income tax rate NM% NM NM 9.36 NM 17.01 16.35 20.77 Efficiency ratio (b) 65.58 % 64.66 63.38 56.71 65.98 60.90 60.33 47.49 Selected period end balances: Securities $ 299,582 283,070 296,443 321,098 315,220 322,118 333,107 333,660 Loans, net of unearned income 370,263 374,788 373,795 368,909 374,215 375,098 376,624 380,619 Allowance for loan losses 6,919 6,340 7,746 7,855 7,676 7,181 6,580 6,546 Total assets 776,218 764,637 779,725 781,557 763,829 777,846 784,124 791,324 Total deposits 619,552 609,070 627,969 631,394 607,127 602,508 605,755 608,588 Long-term debt 85,313 85,317 85,322 85,327 93,331 108,335 113,340 118,345 Total stockholders’ equity 65,416 64,422 61,100 57,801 56,368 60,937 59,042 57,778