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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest Income    
Loans receivable $ 16,440 $ 13,532
Investment securities    
Taxable 2,022 2,314
Tax exempt 967 980
Total interest income 19,429 16,826
Interest Expense    
Deposits 1,480 1,639
Borrowed funds 1,448 1,519
Subordinated debentures 491 470
Total interest expense 3,419 3,628
Net Interest Income 16,010 13,198
Provision for loan losses 2,084 559
Net Interest Income after Provision for Loan Losses 13,926 12,639
Other Income    
Service charges on deposit accounts 913 712
Wire transfer fees 190 182
Interchange fees 866 628
Fiduciary activities 1,140 975
Gain on sale of investment securities (includes $368 and $0 for the three months ended March 31, 2013 and 2012, respectively, related to accumulated other comprehensive earnings reclasifications) 368  
Gain on sale of mortgage loans 3,106 2,274
Mortgage servicing income net of impairment 163 90
Increase in cash value of bank owned life insurance 252 225
Other income 462 56
Total other income 7,460 5,142
Other Expenses    
Salaries and employee benefits 7,504 5,963
Net occupancy expenses 1,311 1,054
Data processing 600 526
Professional fees 499 534
Outside services and consultants 712 471
Loan expense 1,114 702
FDIC insurance expense 283 257
Other losses (72) 30
Other expenses 2,028 1,623
Total other expenses 13,979 11,160
Income Before Income Tax 7,407 6,621
Income tax expense (includes $129 and $0 for the three months ended March 31, 2013 and 2012, respectively, related to income tax expense from reclassification items) 2,096 2,008
Net Income 5,311 4,613
Preferred stock dividend and discount accretion (146) (156)
Net Income Available to Common Shareholders $ 5,165 $ 4,457
Basic Earnings Per Share $ 0.60 $ 0.60
Diluted Earnings Per Share $ 0.58 $ 0.59