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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest and dividend income        
Interest and fees on loans $ 7,292 $ 7,847 $ 14,733 $ 16,064
Interest and dividends on investment securities        
Taxable 2,093 871 4,011 1,812
Tax-exempt 193 221 427 486
Short-term investments 7 50 15 111
Total interest and dividend income 9,585 8,989 19,186 18,473
Interest expense        
Interest on deposits 960 1,139 1,916 2,363
Interest on short-term borrowings 30 8 63 14
Interest on long-term debt 95 141 191 288
Total interest expense 1,085 1,288 2,170 2,665
Net interest income 8,500 7,701 17,016 15,808
Provision for loan losses 0 (1,400) 0 (1,400)
Net interest income after provision for loan losses 8,500 9,101 17,016 17,208
Noninterest income        
Service charges on deposit accounts 1,412 1,445 2,681 2,859
Other service charges, commissions and fees 247 278 435 506
Trust department income 1,219 1,151 2,427 2,278
Brokerage income 569 439 1,017 1,076
Mortgage banking activities 562 1,105 1,021 1,857
Earnings on life insurance 238 241 472 480
Other income (loss) 289 5 324 (82)
Investment securities gains 602 0 1,199 122
Total noninterest income 5,138 4,664 9,576 9,096
Noninterest expenses        
Salaries and employee benefits 5,879 5,387 11,691 11,133
Occupancy expense 526 487 1,161 1,035
Furniture and equipment 836 851 1,672 1,628
Data processing 368 135 749 263
Automated teller and interchange fees 226 274 406 529
Advertising and bank promotions 218 274 643 485
FDIC insurance 359 626 823 1,291
Professional services 548 577 1,176 1,338
Collection and problem loan 159 199 318 381
Real estate owned expenses 33 17 60 60
Taxes other than income 156 244 314 488
Intangible asset amortization 53 53 105 105
Other operating expenses 1,404 1,203 2,623 2,540
Total noninterest expenses 10,765 10,327 21,741 21,276
Income before income tax 2,873 3,438 4,851 5,028
Income tax expense 0 30 0 60
Net income $ 2,873 $ 3,408 $ 4,851 $ 4,968
Per share information:        
Basic earnings per share $ 0.35 $ 0.42 $ 0.60 $ 0.61
Diluted earnings per share $ 0.35 $ 0.42 $ 0.60 $ 0.61
Dividends per share $ 0.00 $ 0.00 $ 0.00 $ 0.00