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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest and dividend income        
Interest and fees on loans $ 7,749 $ 7,292 $ 15,076 $ 14,733
Interest and dividends on investment securities        
Taxable 1,660 2,093 3,480 4,011
Tax-exempt 142 193 197 427
Short-term investments 17 7 43 15
Total interest and dividend income 9,568 9,585 18,796 19,186
Interest expense        
Interest on deposits 780 960 1,557 1,916
Interest on short-term borrowings 81 30 141 63
Interest on long-term debt 109 95 185 191
Total interest expense 970 1,085 1,883 2,170
Net interest income 8,598 8,500 16,913 17,016
Provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 8,598 8,500 16,913 17,016
Noninterest income        
Service charges on deposit accounts 1,299 1,412 2,492 2,681
Other service charges, commissions and fees 265 247 438 435
Trust department income 1,198 1,219 2,445 2,427
Brokerage income 548 569 985 1,017
Mortgage banking activities 793 562 1,313 1,021
Earnings on life insurance 233 238 462 472
Other income 194 289 234 324
Investment securities gains 353 602 1,882 1,199
Total noninterest income 4,883 5,138 10,251 9,576
Noninterest expenses        
Salaries and employee benefits 6,158 5,879 12,058 11,691
Occupancy expense 562 526 1,186 1,161
Furniture and equipment 763 836 1,506 1,672
Data processing 480 368 947 749
Automated teller and interchange fees 215 226 421 406
Advertising and bank promotions 324 218 569 643
FDIC insurance 184 359 430 823
Professional services 820 548 1,332 1,176
Directors compensation 170 158 327 316
Collection and problem loan 102 159 198 318
Real estate owned expenses 49 33 74 60
Taxes other than income 226 156 452 314
Intangible asset amortization 54 53 105 105
Other operating expenses 1,551 1,246 2,559 2,307
Total noninterest expenses 11,658 10,765 22,164 21,741
Income before income taxes 1,823 2,873 5,000 4,851
Income tax expense 321 0 1,036 0
Net income $ 1,502 $ 2,873 $ 3,964 $ 4,851
Per share information:        
Basic earnings per share (usd per share) $ 0.19 $ 0.35 $ 0.49 $ 0.60
Diluted earnings per share (usd per share) 0.18 0.35 0.49 0.60
Dividends per share (usd per share) $ 0.07 $ 0 $ 0.07 $ 0