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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest and Dividend Income        
Loans, including fees $ 13,362 $ 14,327 $ 39,346 $ 43,153
Loans held-for-sale 38 38 92 124
Securities:        
Taxable 3,586 3,113 10,440 8,109
Tax exempt 110 148 376 441
Dividends from Federal Reserve Bank and Federal Home Loan Bank stock 78 76 232 228
Interest bearing deposits with financial institutions 25 22 60 91
Total interest and dividend income 17,199 17,724 50,546 52,146
Interest Expense        
Savings, NOW, and money market deposits 175 206 562 655
Time deposits 1,073 1,674 3,604 5,327
Other short-term borrowings 5 6 10 26
Junior subordinated debentures 1,072 1,336 3,847 3,937
Subordinated debt 199 209 593 610
Notes payable and other borrowings 4 4 12 12
Total interest expense 2,528 3,435 8,628 10,567
Net interest and dividend income 14,671 14,289 41,918 41,579
Loan loss reserve release   (1,750) (2,000) (6,050)
Net interest and dividend income after provision for loan losses 14,671 16,039 43,918 47,629
Noninterest Income        
Trust income 1,483 1,494 4,619 4,666
Service charges on deposits 1,838 1,904 5,354 5,379
Secondary mortgage fees 174 183 441 680
Mortgage servicing gain, net of changes in fair value 252 235 269 1,222
Net gain on sales of mortgage loans 914 814 2,614 4,601
Securities gains (loss), net 1,231 (7) 1,457 2,191
Increase in cash surrender value of bank-owned life insurance 304 419 1,028 1,198
Death benefit realized on bank-owned life insurance   6   381
Debit card interchange income 1,011 873 2,771 2,565
Other income 1,116 1,549 3,572 4,434
Total noninterest income 8,323 7,470 22,125 27,317
Noninterest Expense        
Salaries and employee benefits 8,856 9,299 27,140 27,508
Occupancy expense, net 1,143 1,266 3,809 3,787
Furniture and equipment expense 989 1,026 2,956 3,274
FDIC insurance 649 987 1,555 3,046
General bank insurance 371 489 1,203 1,829
Amortization of core deposit 154 524 1,177 1,574
Advertising expense 291 347 1,053 841
Debit card interchange expense 418 366 1,208 1,072
Legal fees 332 615 998 1,424
Other real estate expense, net 2,007 2,544 4,665 8,943
Other expense 3,134 3,119 9,148 9,773
Total noninterest expense 18,344 20,582 54,912 63,071
Income before income taxes 4,650 2,927 11,131 11,875
Provision (benefit) for income taxes 1,726 (69,997) 3,984 (69,997)
Net income 2,924 72,924 7,147 81,872
Preferred stock dividends and accretion of discount 1,065 1,323 3,985 3,917
Dividends waived upon preferred stock redemption     (5,433)  
Gain on preferred stock redemption     (1,348)  
Net income available to common stockholders $ 1,859 $ 71,601 $ 9,943 $ 77,955
Basic earnings per share (in dollars per share) $ 0.06 $ 5.08 $ 0.41 $ 5.52
Diluted earnings per share (in dollars per share) $ 0.06 $ 5.08 $ 0.41 $ 5.52