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Condensed Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income    
Loans, including fees $ 12,099,000 $ 12,846,000
Securities, taxable 1,234,000 1,007,000
Securities, tax-exempt 183,000 295,000
Federal funds sold 68,000 54,000
Interest-bearing balances 4,000 7,000
Total interest income 13,588,000 14,209,000
Interest expense    
Deposits 2,035,000 2,320,000
Short-term borrowings 22,000 20,000
Federal Home Loan Bank advances 150,000 118,000
Subordinated debentures and other borrowings 317,000 297,000
Total interest expense 2,524,000 2,755,000
Net interest income 11,064,000 11,454,000
Provision for loan losses (1,900,000) (1,500,000)
Net interest income after provision for loan losses 12,964,000 12,954,000
Noninterest income    
Service charges on deposit and sweep accounts 365,000 374,000
Earnings on bank owned life insurance 290,000 338,000
Mortgage banking activities 63,000 252,000
Rental income from other real estate owned 56,000 199,000
Other income 732,000 664,000
Total noninterest income 1,506,000 1,827,000
Noninterest expense    
Salaries and benefits 5,230,000 4,857,000
Occupancy 712,000 658,000
Furniture and equipment depreciation, rent and maintenance 247,000 256,000
FDIC insurance costs 177,000 245,000
Problem asset costs (20,000) 131,000
Merger-related costs 377,000 14,000
Other expense 2,484,000 2,423,000
Total noninterest expenses 9,207,000 8,584,000
Income before federal income tax expense 5,263,000 6,197,000
Federal income tax expense 1,683,000 1,797,000
Net income $ 3,580,000 $ 4,400,000
Basic earnings per share (in Dollars per share) $ 0.41 $ 0.51
Diluted earnings per share (in Dollars per share) $ 0.41 $ 0.50
Cash dividends per share (in Dollars per share) $ 0.12 $ 0.10
Average basic shares outstanding (in Shares) 8,738,836 8,705,677
Average diluted shares outstanding (in Shares) 8,741,121 8,718,601