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CONSOLIDATED STATEMENTS OF INCOME (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income      
Loans, including fees $ 52,924,000 $ 53,898,000 $ 62,356,000
Securities, taxable 4,134,000 4,383,000 6,685,000
Securities, tax-exempt 951,000 1,415,000 1,805,000
Federal funds sold 212,000 192,000 199,000
Interest-bearing deposits 21,000 29,000 24,000
Total interest income 58,242,000 59,917,000 71,069,000
Interest expense      
Deposits 8,912,000 11,137,000 16,384,000
Short-term borrowings 80,000 157,000 405,000
Federal Home Loan Bank advances 533,000 993,000 2,033,000
Subordinated debentures and other borrowings 1,261,000 929,000 1,010,000
Total interest expense 10,786,000 13,216,000 19,832,000
Net interest income 47,456,000 46,701,000 51,237,000
Provision for loan losses (7,200,000) (3,100,000) 6,900,000
Net interest income after provision for loan losses 54,656,000 49,801,000 44,337,000
Noninterest income      
Service charges on deposit and sweep accounts 1,532,000 1,523,000 1,640,000
Earnings on bank owned life insurance 1,329,000 1,528,000 1,777,000
Credit and debit card fees 1,063,000 891,000 825,000
Mortgage banking activities 800,000 1,479,000 846,000
Payroll processing 660,000 591,000 515,000
Rental income from other real estate owned 528,000 1,061,000 825,000
Letter of credit fees 370,000 336,000 300,000
Other income 590,000 585,000 554,000
Total noninterest income 6,872,000 7,994,000 7,282,000
Noninterest expense      
Salaries and benefits 20,298,000 19,367,000 17,891,000
Occupancy 2,547,000 2,501,000 2,780,000
Furniture and equipment rent, depreciation and maintenance 984,000 1,176,000 1,206,000
Data processing 3,440,000 3,193,000 2,719,000
Merger-related costs 1,246,000 0 0
Advertising 1,113,000 1,167,000 747,000
FDIC insurance costs 793,000 1,200,000 2,843,000
Problem asset costs 595,000 5,862,000 8,290,000
FHLB advance prepayment fees 0 0 213,000
Other expense 5,387,000 5,158,000 4,806,000
Total noninterest expenses 36,403,000 39,624,000 41,495,000
Income before federal income tax expense (benefit) 25,125,000 18,171,000 10,124,000
Federal income tax expense (benefit) 8,092,000 5,636,000 (27,361,000)
Net income 17,033,000 12,535,000 37,485,000
Preferred stock dividends and accretion 0 1,030,000 1,343,000
Net income attributable to common shares $ 17,033,000 $ 11,505,000 $ 36,142,000
Earnings per common share:      
Basic $ 1.96 $ 1.33 $ 4.20
Diluted $ 1.95 $ 1.30 $ 4.07