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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest and Dividend Income        
Loans, including fees $ 13,353 $ 13,362 $ 40,038 $ 39,346
Loans held-for-sale 38 38 153 92
Securities:        
Taxable 3,471 3,586 10,218 10,440
Tax exempt 122 110 426 376
Dividends from Federal Reserve Bank and Federal Home Loan Bank stock 76 78 230 232
Interest bearing deposits with financial institutions 12 25 43 60
Total interest and dividend income 17,072 17,199 51,108 50,546
Interest Expense        
Savings, NOW, and money market deposits 185 175 547 562
Time deposits 799 1,073 2,377 3,604
Other short-term borrowings 6 5 22 10
Junior subordinated debentures 1,072 1,072 3,215 3,847
Subordinated debt 205 199 604 593
Notes payable and other borrowings 1 4 5 12
Total interest expense 2,268 2,528 6,770 8,628
Net interest and dividend income 14,804 14,671 44,338 41,918
Loan loss reserve release (2,100)   (4,400) (2,000)
Net interest and dividend income after provision for loan losses 16,904 14,671 48,738 43,918
Noninterest Income        
Trust income 1,444 1,483 4,526 4,619
Service charges on deposits 1,766 1,838 5,086 5,354
Secondary mortgage fees 190 174 715 441
Mortgage servicing loss, net of changes in fair value (274) 252 18 269
Net gain on sales of mortgage loans 1,359 914 4,677 2,614
Securities (loss) gain, net (57) 1,231 (178) 1,457
Increase in cash surrender value of bank-owned life insurance 203 304 840 1,028
Debit card interchange income 1,004 1,011 3,013 2,771
Loss on disposal and transfer of fixed assets (1,143) (121) (1,143) (121)
Other income 1,156 1,237 4,331 3,693
Total noninterest income 5,648 8,323 21,885 22,125
Noninterest Expense        
Salaries and employee benefits 8,260 8,856 26,664 27,140
Occupancy expense, net 1,156 1,143 3,521 3,809
Furniture and equipment expense 1,110 989 3,176 2,956
FDIC insurance 373 649 1,023 1,555
General bank insurance 308 371 975 1,203
Amortization of core deposit   154   1,177
Advertising expense 434 291 992 1,053
Debit card interchange expense 379 418 1,131 1,208
Legal fees 279 332 922 998
Other real estate expense, net 977 2,007 4,717 4,665
Other expense 2,968 3,134 9,203 9,148
Total noninterest expense 16,244 18,344 52,324 54,912
Income before income taxes 6,308 4,650 18,299 11,131
Provision for income taxes 2,384 1,726 6,747 3,984
Net income 3,924 2,924 11,552 7,147
Preferred stock dividends and accretion of discount 339 1,065 1,873 3,985
Dividends waived upon preferred stock redemption       (5,433)
Gain on preferred stock redemption       (1,348)
Net income available to common stockholders $ 3,585 $ 1,859 $ 9,679 $ 9,943
Basic earnings per share (in dollars per share) $ 0.12 $ 0.06 $ 0.33 $ 0.41
Diluted earnings per share (in dollars per share) $ 0.12 $ 0.06 $ 0.33 $ 0.41